Mount Carmel, IL (zip code 62863) is an ideal location to settle down and call home. With a 2 bedroom rental at only $850 per month, it's easy to see why living here can be so affordable. The local grocery cost index is also much lower than the US average of 100, at 92, meaning that your food budget will stay low as well.
There are plenty of great amenities here too! Just a few miles away is Interstate 64 for easy commuting and access to nearby cities like Salem and Effingham. Plus, the city has its own Walmart Supercenter and Dollar General Market for all your shopping needs. If you're looking for a restaurant night out on the town, there are several locally owned establishments in Mount Carmel such as S & J Restaurant & Lounge and Sugarbush Tavern & Grill. For active lifestyles, there’s also an 18-hole golf course at Hillcrest Country Club that’s open year round.
Mount Carmel (zip 62863) has an unemployment rate of 5.1%. The US average is 6.0%.
Mount Carmel (zip 62863) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Mount Carmel (zip 62863)
- The Sales Tax Rate for Mount Carmel (zip 62863) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mount Carmel (zip 62863) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Carmel (zip 62863)
- The average income of a Mount Carmel (zip 62863) resident is $30,262 a year. The US average is $37,638 a year.
- The Median household income of a Mount Carmel (zip 62863) resident is $45,779 a year. The US average is $69,021 a year.