Cost Of Living in Carmi, IL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Carmi	Illinois	National
Cost of living	85	96	100
Goods & Services	100	97	100
Groceries	95	98	100
Health care	88	95	100
Housing	49	95	100
Transportation	91	103	100
Utilities	121	89	100

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Cost Of Living Quick Facts

The cost of living in Carmi is 12% lower than the Illinois average
The cost of living in Carmi is 15% lower than the national average
Carmi housing is 51% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,693	$4,058	$1,136	$1,461
Renters	$24,932	$2,078	$582	$748

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Carmi, IL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Carmi, homeowners have a median income of $48,693. Using that number, a maximum of $1,136 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $24,932, which means there is a maximum of $582 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Goods & Services

Item	Carmi	National avg.	Difference
Haircut	$25.34	$24.26	4.4%
Beauty Salon	$44.12	$45.56	3.2%
Toothpaste	$3.70	$3.70	0.0%
Shampoo	$1.23	$1.28	3.9%
Movie	$13.11	$12.13	8.1%
Bowling	$16.17	$18.00	10.2%

Groceries

Item	Carmi	National avg.	Difference
Ground Beef	$5.74	$5.84	1.8%
Fried Chicken	$1.37	$1.57	13.2%
Milk	$4.50	$4.67	3.7%
Potatoes	$5.13	$4.93	3.9%
Pizza	$11.24	$12.09	7.0%
Beer	$9.75	$10.41	6.4%

Health Care

Item	Carmi	National avg.	Difference
Optometrist	$94.06	$125.68	25.2%
Doctor	$105.07	$135.78	22.6%
Dentist	$103.51	$113.29	8.6%
Ibuprofen	$10.26	$10.65	3.7%
Lipitor	$470.38	$468.60	0.4%

Housing

Item	Carmi	National avg.	Difference
Home Price	$72,900.00	$184,700.00	60.5%
Avg. Mortgage Payment	$1,772.15	$2,346.69	24.5%
Apartment Rent	$668.00	$949.00	29.6%

Transportation

Item	Carmi	National avg.	Difference
Gasoline	$3.25	$3.46	6.1%
Tire Balancing	$50.23	$59.92	16.2%

Utilities

Item	Carmi	National avg.	Difference
All Electricity	$259.32	$193.99	33.7%
Phone	$189.86	$192.25	1.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Maunie, IL	163	100	0.1%
Enfield, IL	541	78	21.9%
Burnt Prairie, IL	89	79	21.2%
Norris City, IL	1,325	79	20.9%
Crossville, IL	799	79	20.8%
Carmi, IL	4,865	85	15.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Connerton, FL	4,865	110	10.3%
Doffing, TX	4,864	80	20.2%
Normandy, MO	4,868	83	16.6%
Forest Hills, TN	4,868	199	98.9%
Peppermill Village, MD	4,861	119	18.8%
Carmi, IL	4,865	85	15.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Carmi, IL