salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (91.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $27,080 a year. That is $13 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
Yes. Rent here is cheaper than in most of Tennessee. It is number 8 of 114 cities from cheapest to most expensive.
How much do households earn in Mount Carmel?
Share of households by yearly income. 15.3% of households earn $100,000 or more.
Rent by apartment size in Mount Carmel
| Size | Mount Carmel | U.S. average |
|---|---|---|
| 2 bedrooms | $653 | $1,509 |
| 3 bedrooms | $1,443 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Mount Carmel overall?
Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Mount Carmel, so the Tennessee figure is shown.
Taxes and bills in Mount Carmel
Life in Mount Carmel
Is it cheaper to rent or buy in Mount Carmel?
Renting is cheaper right now: about $569 a month less.
Owning assumes a typical $179,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,960 for the down payment.
Frequently asked questions
What is the average rent in Mount Carmel, TN?
Renting in Mount Carmel costs a median of about $677 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Mount Carmel?
To keep rent under 30% of income, you need about $27,080 a year, or $13 an hour at a full-time job.
Is Mount Carmel cheap or expensive?
Mount Carmel is rated Cheap: rent takes 10.9% of the typical household income of $74,272. It ranks 8th cheapest of 114 Tennessee cities we track.
How much are property taxes in Mount Carmel?
The median homeowner in Mount Carmel pays $1,265 a year in property taxes, about 0.70% of the median home value.
Is Mount Carmel more expensive than the national average?
Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Mount Carmel?
The median home value in Mount Carmel is $179,600, about 2.4 times the typical yearly household income.
5,472 people live in Mount Carmel. Numbers are typical (middle) values.