Cost of Living in Mount Carmel, TN
Population 5,504 · Tennessee · Data vintage 2023
(100 = US avg)
Buyers in Mount Carmel can reasonably expect a home to cost less than three years of household income — $180,000 against $71,336 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. At 7.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Mount Carmel lies roughly 80 miles northeast of the nearest major metro, Knoxville. Median home values run roughly 16% lower than Knoxville's $214,000.
Cost Overview
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 $179,700 — 41% below the national median of $305,000. Median rent runs $804/month, 39% lower than the national median of $1,314/month. The median household income of $71,336/year is 4% lower than the US median of $74,580. The local unemployment rate is 7.7%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 68.2°F and lows of 44.9°F, with about 9.2" of annual snowfall. Overall, Mount Carmel has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.
Mount Carmel 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 59 | 69 | 77 | 84 | 86 | 86 | 81 | 70 | 59 | 50 |
| Low °F | 26 | 29 | 35 | 43 | 52 | 61 | 65 | 63 | 56 | 44 | 34 | 29 |
| Precip" | 3.65 | 3.81 | 3.96 | 3.79 | 3.82 | 3.92 | 5.00 | 3.76 | 2.84 | 2.52 | 3.14 | 3.76 |
| Snow" | 3.0 | 3.0 | 1.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 1.7 |
Frequently Asked Questions
What is the cost of living in Mount Carmel, TN?
Mount Carmel has a cost index of 60 (100 = national average). It is 40% below the national average.
What is average rent in Mount Carmel, TN?
The median gross rent in Mount Carmel is $804 per month based on 2023 Census data.
What is the average home price in Mount Carmel?
The median home value in Mount Carmel is $179,700 according to Zillow and Census data.
What is the median income in Mount Carmel?
The median household income in Mount Carmel is $71,336 per year (2023 ACS 5-year estimates).
What is the sales tax in Mount Carmel, TN?
The combined state and local sales tax rate in Mount Carmel is 9.6%. Tennessee has no state income tax.
Is Mount Carmel, TN affordable?
Yes, Mount Carmel is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.
What is the weather like in Mount Carmel?
Mount Carmel has average high temperatures of 68.2°F and average lows of 44.9°F. Annual precipitation is 44". Average annual snowfall is 9.2". Data from NOAA 1991–2020 Climate Normals.
Mount Carmel at a Glance
- Population
- 5,504
- Median Income
- $71,336
- Home Value
- $179,700
- Median Rent
- $804/mo
- Unemployment
- 7.7%
- Avg High Temp
- 68.2°F
- Sales Tax
- 9.6%
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