Indiana city profile

Living in Carmel, Indiana

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.

Carmel at a glance

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

See your real take-home pay in Indiana

Enter your salary and see your paycheck after Indiana taxes.

Calculate my take-home pay ›

‹ See all top Indiana cities ranked  ยท  Indiana state profile ›

More Indiana cities: Bloomington, Evansville, Fishers, Fort Wayne, Gary, Hammond, Indianapolis city, Lafayette, South Bend

Sources: Home prices and rent from Zillow; income, unemployment and commute from the U.S. Census; school ratings from state education data; crime from the FBI. City rankings are within Indiana only. Updated 2026.