Mount Carmel, OH vs New Franklin, OH

Mount Carmel is moderately more affordable than New Franklin, with a 5.8% lower cost of living index. Mount Carmel scores 77 compared to 82 for New Franklin, where the US average is 100. This difference means residents of New Franklin can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mount Carmel is $925/month compared to $1,101/month in New Franklin — a 16% difference. Interestingly, home values tell a different story: while Mount Carmel has cheaper rent, New Franklin actually has lower median home values ($196,600 vs $198,600).

Median household income in Mount Carmel is $64,738 compared to $88,306 in New Franklin (-26.7%). While New Franklin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mount Carmel spend roughly 17.1% of their income on rent, more than the 15% in New Franklin.

Climate-wise, Mount Carmel is notably warmer with an average of 54.8°F compared to 51.7°F in New Franklin. Mount Carmel receives more rainfall at 43.4" per year compared to 41.6" in New Franklin.