Cost of Living in Mount Carmel, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.1
100 = national avg
-0.9 vs national average
Living Wage (1 Adult)
$43,620
per year
Living Wage (Family of 4)
$103,101
per year
Cost Index by Category
Housing86.8
Food104.5
Transportation109.0
Healthcare103.6
Utilities100.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,044
per month
The overall cost of living index in Mount Carmel is 99.1, which is 0.9% below the national average. Housing costs are below the national average at an index of 86.8. A single adult needs to earn approximately $43,620 per year to cover basic expenses.