Mount Carmel, TN vs Troy, TN

Troy is moderately more affordable than Mount Carmel, with a 6.8% lower cost of living index. Mount Carmel scores 69 compared to 64 for Troy, where the US average is 100. This difference means residents of Mount Carmel can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mount Carmel is $804/month compared to $764/month in Troy — a 5% difference. Home values follow the same pattern: Troy is more affordable at $110,800 median vs $179,700.

Median household income in Mount Carmel is $71,336 compared to $52,656 in Troy (+35.5%). While Mount Carmel 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 13.5% of their income on rent, less than the 17.4% in Troy.