Mount Carmel, TN Cost Of Living
Cost Of Living In Mount Carmel, TN Summary
Cost of living in Mount Carmel research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Mount Carmel is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Mount Carmel is 91, with 100 being the average.
The cost of living index in Mount Carmel is 0.9x lower than the national average.
Mount Carmel ranks as the #54 cheapest in Tennessee out of 109.
Mount Carmel ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Mount Carmel is $249,604.
The median income in Mount Carmel is $71,336.
Table Of Contents
Mount Carmel's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mount Carmel, TN?
According to the most recent data on the cost of living, Mount Carmel has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Mount Carmel has a cost of living index that's 1.0x higher than Tennessee's index of 90.
The standard of living in Mount Carmel ranks as #54 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Mount Carmel ranks as the #55 most expensive place in the Volunteer State.
For more reading on life in Mount Carmel, check out:
In Tennessee
In America
Mount Carmel Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Mount Carmel. Here is how it fairs on each of the criteria:
The Services index in Mount Carmel is 94.
The Groceries index in Mount Carmel is 93.
The Health index in Mount Carmel is 89.
The Housing index in Mount Carmel is 81.
The Transportation index in Mount Carmel is 81.
The Utilities index in Mount Carmel is 101.
| Living Expense | Mount Carmel | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 91 | 90 | 100 | |
| Services | 94 | 93 | 100 | |
| Groceries | 93 | 99 | 100 | |
| Health | 89 | 87 | 100 | |
| Housing | 81 | 81 | 100 | |
| Transportation | 81 | 89 | 100 | |
| Utilities | 101 | 95 | 100 | |
Mount Carmel, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Mount Carmel is $249,604.
The Median Rent in Mount Carmel is $804.
The Median Income in Mount Carmel is $71,336.
The Home Value To Income in Mount Carmel is 3.5x.
The Rent To Monthly Income in Mount Carmel is 0.14x.
| Statistic | Mount Carmel | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $249,604 | $330,598 | $303,400 |
| Median Rent | $804 | $1,122 | $1,348 |
| Median Income | $71,336 | $67,097 | $78,538 |
| Home Value To Income | 3.5x | 4.9x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Mount Carmel, TN Costs By Category
Detailed Mount Carmel Services Costs Vs. Tennessee
| Item | Mount Carmel | Tennessee |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $14.09 | $12.13 |
| Bowling | $19.33 | $18 |
| Haircut | $23.91 | $24.26 |
| Beauty Salon | $45.13 | $45.56 |
Detailed Mount Carmel Groceries Costs Vs. Tennessee
| Item | Mount Carmel | Tennessee |
|---|---|---|
| Ground Beef | $6.2 | $5.84 |
| Fried Chicken | $1.66 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.02 | $4.93 |
| Pizza | $11.91 | $12.09 |
| Beer | $9.97 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Mount Carmel Health Costs Vs. Tennessee
| Item | Mount Carmel | Tennessee |
|---|---|---|
| Optometrist | $87.33 | $125.68 |
| Doctor | $108.51 | $135.78 |
| Dentist | $96.95 | $113.29 |
Detailed Mount Carmel Transportation Costs Vs. Tennessee
| Item | Mount Carmel | Tennessee |
|---|---|---|
| Gasoline | $3.08 | $3.46 |
| Tire Balancing | $51.47 | $59.92 |
Detailed Mount Carmel Utilities Costs Vs. Tennessee
| Item | Mount Carmel | Tennessee |
|---|---|---|
| All Electricity | $161.17 | $193.99 |
| Phone | $192.18 | $192.25 |
Mount Carmel SnackAbility
/10
Cost Of Living In Cities Around Mount Carmel
The cost of living varies in the cities and towns around Mount Carmel. Here's a quick look at the cost of living in the most populous nearby places:
Kingsport, TN has a cost of living index of 87, 1.0x Mount Carmel.
Morristown, TN has a cost of living index of 84, 0.9x Mount Carmel.
Bristol, TN has a cost of living index of 88, 1.0x Mount Carmel.
| City | Population | Cost Of Living | Vs. Mount Carmel |
|---|---|---|---|
| Kingsport, TN | 55,807 | 87 | 1.0x |
| Morristown, TN | 30,983 | 84 | 0.9x |
| Bristol, TN | 27,490 | 88 | 1.0x |
| Bristol, VA | 17,024 | 88 | 1.0x |
| Greeneville, TN | 15,531 | 88 | 1.0x |
| Elizabethton, TN | 14,364 | 91 | 1.0x |
| Bloomingdale, TN | 8,840 | 84 | 0.9x |
| Church Hill, TN | 7,057 | 89 | 1.0x |
| Jonesborough, TN | 6,056 | 94 | 1.0x |
| Erwin, TN | 6,001 | 88 | 1.0x |
