Carmi, IL vs Venice, IL

Carmi, IL and Venice, IL have a very similar cost of living, with only a 4.6% difference in their overall index. Carmi scores 68 while Venice scores 65 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 $898/month in Venice — a 4% difference. Interestingly, home values tell a different story: while Carmi has cheaper rent, Venice actually has lower median home values ($54,000 vs $98,700).

Median household income in Carmi is $47,051 compared to $34,609 in Venice (+36%). While Carmi 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, less than the 31.1% in Venice. The Carmi ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.