Cost of Living in Mount Carmel, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.6
100 = national avg
-12.4 vs national average
Living Wage (1 Adult)
$38,545
per year
Living Wage (Family of 4)
$91,106
per year
Cost Index by Category
Housing73.7
Food97.0
Transportation94.0
Healthcare97.6
Utilities92.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$861
per month
2 Bedroom
$1,117
per month
The overall cost of living index in Mount Carmel is 87.6, which is 12.4% below the national average. Housing costs are below the national average at an index of 73.7. A single adult needs to earn approximately $38,545 per year to cover basic expenses.