Mount Carmel, TN
Population 5,504 · Tennessee
About Mount Carmel, TN
Mount Carmel is a small town located in Tennessee with a population of 5,504 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,336 per year, which is 5% below the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mount Carmel features a median home value of $179,700, which is 27% below the national median of $244,900. This positions Mount Carmel in a moderately priced market relative to the rest of the country. Median monthly rent is $804, 31% below the national average of $1,163/month. Of the 2,115 total housing units, 89% are owner-occupied (1,780 units) and 11% are renter-occupied (231 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mount Carmel shows an unemployment rate of 7.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mount Carmel have an average one-way commute time of 25.3 minutes.
Education & Demographics
15.0% of Mount Carmel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Mount Carmel, TN
Compared to national averages, Mount Carmel has a median household income of $71,336 (5% below the national median of $75,149). Home values average $179,700, which is 27% below the national median. Monthly rent at $804 is 31% below the US average of $1,163. Within Tennessee, Mount Carmel's income is 14% above the state average of $62,849, and home values are 16% below the state median of $214,371.
Why Live in Mount Carmel, TN?
Mount Carmel offers affordable housing with a median home value of $179,700, below the US average of $244,900, and rent that’s lower than the national average at $804/month, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include median household income ($71,336) 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 5,504 with a median age of 41.8 years. Compare Mount Carmel with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Mount Carmel
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rockwood | 5,510 | $37,867 | $132,100 | Compare |
| Dunlap | 5,546 | $38,666 | $148,300 | Compare |
| Lafayette | 5,643 | $44,924 | $189,800 | Compare |
| Ashland City | 5,318 | $73,921 | $259,900 | Compare |
| McKenzie | 5,706 | $35,988 | $140,200 | Compare |
| Medina | 5,268 | $93,964 | $261,400 | Compare |
| Madisonville | 5,184 | $45,274 | $202,600 | Compare |
| Bolivar | 5,171 | $38,575 | $136,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Mount Carmel, TN is 5,504 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Mount Carmel?
The median household income in Mount Carmel, TN is $71,336 per year, which is 5% below the national median of $75,149.
What is the median home value in Mount Carmel?
The median home value in Mount Carmel, TN is $179,700, which is 27% 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, TN is $804, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Mount Carmel?
The unemployment rate in Mount Carmel, TN is 7.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mount Carmel, TN a good place to live?
Mount Carmel offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,504 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Mount Carmel, TN?
15.0% 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, TN: median home value is $179,700 (27% below national), median rent is $804/month, and median household income is $71,336. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mount Carmel?
The poverty rate in Mount Carmel, TN is 5.9%, 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, TN?
Mount Carmel's population is 0.0% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.