Cost of Living in Mount Carmel, OH

Population 4,611 · Ohio · Data vintage 2023

67
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Mount Carmel can reasonably expect a home to cost less than three years of household income — $199,000 against $64,738 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. An unemployment rate of 0.6% points to a labor market well on the tight side of the national distribution.

Located 12 miles east of Cincinnati, Mount Carmel falls within that metro's commuting orbit. Median home values run roughly 8% lower than Cincinnati's $215,000.

Cost Overview

Housing 65
Rent 70

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Mount Carmel

The median home value in Mount Carmel is $198,600 — 35% below the national median of $305,000. Median rent runs $925/month, 30% lower than the national median of $1,314/month. The median household income of $64,738/year is 13% lower than the US median of $74,580. The local unemployment rate is 0.6%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 65.4°F and lows of 44.2°F. Overall, Mount Carmel has a cost of living index of 67 versus the US average of 100, meaning it is 33% less expensive.

🏠 Housing

Median Home Value
$198,600
35% below avg
Zillow Home Value
$821,981
Zillow ZHVI
Median Rent
$925/mo
30% below avg
Price-to-Rent Ratio
17.9x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 60.6%
Renter-occupied 39.4%

💰 Estimated Monthly Budget

Rent median rent
$925
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,539/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.0 min
4% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.1%

Commute Mode

Drove alone
84.2%
Carpooled
3.1%
Walked
0.6%
Work from home
12.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$64,738
13% below avg
Per Capita Income
$36,887
Unemployment Rate
0.6%
87% below avg
Poverty Rate
13.3%
Labor Force Participation
74.1%

🎓 Education

Bachelor's degree+ 18.9%
Graduate degree 3.9%

👥 Demographics

Median Age 40.9
Male median age 41
Female median age 40

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.4°F
Avg Low
44.2°F
Annual Precip
43.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 414555677583878680685545
Low °F 242633435361656456443428
Precip" 2.862.793.944.374.704.614.393.393.073.052.913.32

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
77.9%
Good air days/yr
175
Max AQI recorded
157
PM2.5 days
201
Ozone days

Frequently Asked Questions

What is the cost of living in Mount Carmel, OH?

Mount Carmel has a cost index of 67 (100 = national average). It is 33% below the national average.

What is average rent in Mount Carmel, OH?

The median gross rent in Mount Carmel is $925 per month based on 2023 Census data.

What is the average home price in Mount Carmel?

The median home value in Mount Carmel is $198,600 according to Zillow and Census data.

What is the median income in Mount Carmel?

The median household income in Mount Carmel is $64,738 per year (2023 ACS 5-year estimates).

What is the sales tax in Mount Carmel, OH?

The combined state and local sales tax rate in Mount Carmel is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Mount Carmel, OH affordable?

Yes, Mount Carmel is generally considered affordable, with a cost of living index of 67 — about 33% below the US national average of 100.

What is the weather like in Mount Carmel?

Mount Carmel has average high temperatures of 65.4°F and average lows of 44.2°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.

Mount Carmel at a Glance

Population
4,611
Median Income
$64,738
Home Value
$198,600
Median Rent
$925/mo
Unemployment
0.6%
Avg High Temp
65.4°F
Sales Tax
7.2%
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