Carmi, IL vs Mount Vernon, IL

Carmi, IL and Mount Vernon, IL have a very similar cost of living, with only a 0.2% difference in their overall index. Carmi scores 68 while Mount Vernon scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Carmi is $863/month compared to $893/month in Mount Vernon — a 3% difference. Interestingly, home values tell a different story: while Carmi has cheaper rent, Mount Vernon actually has lower median home values ($89,700 vs $98,700).

Median household income in Carmi is $47,051 compared to $52,751 in Mount Vernon (-10.8%). While Mount Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carmi spend roughly 22% of their income on rent, more than the 20.3% in Mount Vernon.