Carmel, IN
Population 100,501 · Indiana
About Carmel, IN
Carmel is a major city in Indiana with a population of 100,501 residents. The median household income is $134,602 per year, which is above the national average. The median age in Carmel is 40.5 years.
Housing in Carmel has a median home value of $455,500 and median monthly rent of $1,607. Of the 40,477 total housing units, the majority are owner-occupied, with 28,450 owner-occupied and 9,710 renter-occupied units.
The unemployment rate in Carmel is 2.7% and the poverty rate is 3.7%. 74.5% of residents hold a bachelor's degree or higher. The average commute time is 25 minutes.
How Carmel Ranks in Indiana
Cost of Living in Carmel, IN
Compared to national averages, Carmel has a median household income of $134,602 (79% above the national median of $75,149). Home values average $455,500, which is 86% above the national median. Monthly rent at $1,607 is 38% above the US average of $1,163. Within Indiana, Carmel's income is 94% above the state average of $69,330, and home values are 179% above the state median of $163,409.
Why Live in Carmel, IN?
Carmel offers a strong local economy with a median household income of $134,602, well above the national average, and a strong job market with an unemployment rate of just 2.7%, and a well-educated community where 74.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $455,500. However, as a major city, Carmel provides access to a wide range of amenities and services.
Carmel has a population of 100,501 with a median age of 40.5 years. Compare Carmel with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Carmel
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fishers | 100,918 | $128,141 | $370,200 | Compare |
| South Bend | 102,866 | $52,512 | $124,500 | Compare |
| Evansville | 116,441 | $52,251 | $129,100 | Compare |
| Bloomington | 78,791 | $48,918 | $289,700 | Compare |
| Hammond | 77,098 | $53,950 | $141,700 | Compare |
| Noblesville | 71,940 | $102,319 | $321,800 | Compare |
| Lafayette | 70,650 | $52,946 | $157,600 | Compare |
| Gary | 68,604 | $37,380 | $85,300 | Compare |
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.
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Frequently Asked Questions about Carmel
What is the population of Carmel, IN?
The population of Carmel, IN is 100,501 according to the latest Census data.
What is the median household income in Carmel?
The median household income in Carmel, IN is $134,602 per year.
What is the median home value in Carmel?
The median home value in Carmel, IN is $455,500.
What is the average rent in Carmel?
The median monthly rent in Carmel, IN is $1,607.
What is the unemployment rate in Carmel?
The unemployment rate in Carmel, IN is 2.7%.