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EconPulse

Local economy signal dashboard

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PLACEStable

Mount Carmel, IL

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score64out of 100
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61
59
44
71
93

Population

6,854

Data freshness

Unknown

GDP / Output

+3.2% YoY

61

$451.0M

Output changed +3.2% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

59

4.5%

Unemployment is 4.5% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

-1.0% 5-year

44

6,854

Population moved -1.0% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

71

20.5%

Median rent consumes 20.5% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.2K per resident

93

$82.3M

$82.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$82.3M

$7.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$65.7M
2. Department of Agriculture$6.0M
3. Department of Veterans Affairs$5.0M

Top recipients

Dollars
1. REDACTED DUE TO PII$5.9M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$3.6M
3. HOUSING AUTHORITY OF THE COUNTY OF WABASH$705.0K

Affordable

Housing Affordability

20.5%

of median income

1BR estimate$659
2BR estimate$868
Median income$47,009
Median home value$89,300

ACS context

Quick Facts

Population

6,854

Median age

42.8

Bachelor's degree+

17.0%

Poverty rate

20.3%

Labor force participation

53.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.2%

GDP CAGR

+5.7%

Federal flow

5 years

Population (5 years)
20206,922
20216,937
20226,978
20236,892
20246,854
GDP (5 years)
2020$342.1M
2021$364.1M
2022$420.7M
2023$437.2M
2024$451.0M

2-year linear forecast

Predictive Outlook

Population forecast

20246,854
20256,862 *
20266,844 *

R² = 37.5% · * projected

GDP forecast

2024$451.0M
2025$490.3M *
2026$519.4M *

R² = 93.9% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$47,009/yr
Median rent$804/mo
Rent share of income20.5%
Est. mortgage (30yr, 6.5%)$5,419/yr
Mortgage share of income11.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.5%
State avg5.1%
U.S. avg5.2%
Labor force participation53.7%
Poverty rate20.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$89,300
Median monthly rent$804
Price-to-rent ratio9.3x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score58/100
Economic growth61/100
Labor market59/100
Population momentum44/100
Overall stability64/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Mount Carmel city, Illinois

City/Town

Part of

Illinois

Nearby locations

Keensburg, ILBellmont, ILAllendale, ILPatoka, INJohnson, IN