Cost of Living in Mount Carmel, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.1
100 = national avg
-24.9 vs national average
Living Wage (1 Adult)
$33,035
per year
Living Wage (Family of 4)
$78,082
per year
Cost Index by Category
Housing68.6
Food85.1
Transportation70.1
Healthcare88.1
Utilities84.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Mount Carmel is 75.1, which is 24.9% below the national average. Housing costs are below the national average at an index of 68.6. A single adult needs to earn approximately $33,035 per year to cover basic expenses.