Cost of Living in Carmi, IL
Population 4,879 · Illinois · Data vintage 2023
(100 = US avg)
Carmi's median household income of $47,051 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (20% here). The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.
Geographically, Carmi is about 35 miles west of Evansville, the nearest large metro. Median home values run roughly 24% lower than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Carmi
The median home value in Carmi is $98,700 — 68% below the national median of $305,000. Median rent runs $863/month, 34% lower than the national median of $1,314/month. The median household income of $47,051/year is 37% lower than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Carmi has a cost of living index of 46 versus the US average of 100, meaning it is 54% less expensive.
Carmi has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Carmi, IL?
Carmi has a cost index of 46 (100 = national average). It is 54% below the national average.
What is average rent in Carmi, IL?
The median gross rent in Carmi is $863 per month based on 2023 Census data.
What is the average home price in Carmi?
The median home value in Carmi is $98,700 according to Zillow and Census data.
What is the median income in Carmi?
The median household income in Carmi is $47,051 per year (2023 ACS 5-year estimates).
What is the sales tax in Carmi, IL?
The combined state and local sales tax rate in Carmi is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Carmi, IL affordable?
Yes, Carmi is generally considered affordable, with a cost of living index of 46 — about 54% below the US national average of 100.
Carmi at a Glance
- Population
- 4,879
- Median Income
- $47,051
- Home Value
- $98,700
- Median Rent
- $863/mo
- Unemployment
- 1.8%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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