Mount Carmel, IN
Population 45 · Indiana
About Mount Carmel, IN
Mount Carmel is a small community located in Indiana with a population of 45 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,500 per year, which is 18% below the national median of $75,149. The median age of 47.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Mount Carmel features a median home value of $135,700, which is 45% below the national median of $244,900. This makes Mount Carmel one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $760, 35% below the national average of $1,163/month. Of the 24 total housing units, 58% are owner-occupied (14 units) and 42% are renter-occupied (10 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Mount Carmel shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mount Carmel have an average one-way commute time of 41.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
30.0% of Mount Carmel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Mount Carmel, IN
Compared to national averages, Mount Carmel has a median household income of $61,500 (18% below the national median of $75,149). Home values average $135,700, which is 45% below the national median. Monthly rent at $760 is 35% below the US average of $1,163. Within Indiana, Mount Carmel's income is 11% below the state average of $69,330, and home values are 17% below the state median of $163,409.
Why Live in Mount Carmel, IN?
Mount Carmel offers affordable housing with a median home value of $135,700, below the US average of $244,900, and rent that’s lower than the national average at $760/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Potential considerations include median household income ($61,500) that falls below the national average. However, Mount Carmel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Carmel has a population of 45 with a median age of 47.6 years. Compare Mount Carmel with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Mount Carmel
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Mount Carmel With Other Cities
Frequently Asked Questions about Mount Carmel
What is the population of Mount Carmel, IN?
The population of Mount Carmel, IN is 45 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Mount Carmel?
The median household income in Mount Carmel, IN is $61,500 per year, which is 18% below the national median of $75,149.
What is the median home value in Mount Carmel?
The median home value in Mount Carmel, IN is $135,700, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mount Carmel?
The median monthly rent in Mount Carmel, IN is $760, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Mount Carmel?
The unemployment rate in Mount Carmel, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Mount Carmel, IN a good place to live?
Mount Carmel offers a moderate cost of living, affordable housing, and a strong job market. With a population of 45 and a median age of 47.6, the city appeals to established professionals and retirees.
How educated is Mount Carmel, IN?
30.0% of residents in Mount Carmel aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Mount Carmel?
Key cost-of-living indicators for Mount Carmel, IN: median home value is $135,700 (45% below national), median rent is $760/month, and median household income is $61,500. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mount Carmel?
The poverty rate in Mount Carmel, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mount Carmel, IN?
Mount Carmel's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.2% two or more races. 2.2% of residents are foreign-born.