Indiana city profile
What it costs to live in Carmel, and how it compares with other Indiana cities, in plain numbers.
Value score
51
28th best value in Indiana
How much you get for what you pay, versus other Indiana cities.
Overall livability
77
5th overall in Indiana
Cost, safety, schools, jobs and quality of life combined.
Carmel is home to about 98,137 people. A typical home runs $372,100 and a household earns around $119,800, a price-to-income ratio of 3.1. Among Indiana's largest cities, it ranks 28th for value and 5th overall. For context, the typical Carmel home is about 52% above the statewide median of $245,000 and local household income is about 87% above the statewide median of $64,000.
Median home price
$372,100
58th in IN of 62
Median rent
$1,348/mo
Median household income
$119,800
Home price to income
3.1x
Unemployment
2.7%
5th in IN of 62
School rating
10/10
1st in IN of 62
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More Indiana cities: Bloomington, Evansville, Fishers, Fort Wayne, Gary, Hammond, Indianapolis city, Lafayette, South Bend