Carmel, NY
Population 7,222 · New York
About Carmel, NY
Carmel is a small town located in New York with a population of 7,222 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,224 per year, which is 68% above the national median of $75,149. The median age of 46 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Carmel features a median home value of $491,300, which is 101% above the national median of $244,900. This places Carmel in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,160, 0% below the national average of $1,163/month. Of the 2,923 total housing units, 75% are owner-occupied (2,111 units) and 25% are renter-occupied (695 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carmel shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carmel have an average one-way commute time of 41.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
38.8% of Carmel residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.6% White, 0.7% Hispanic or Latino, 1.6% Black or African American, and 7.9% Asian residents, with 13.5% of the population being foreign-born.
Cost of Living in Carmel, NY
Compared to national averages, Carmel has a median household income of $126,224 (68% above the national median of $75,149). Home values average $491,300, which is 101% above the national median. Monthly rent at $1,160 is 0% below the US average of $1,163. Within New York, Carmel's income is 30% above the state average of $96,987, and home values are 27% above the state median of $387,181.
Why Live in Carmel, NY?
Carmel offers a strong local economy with a median household income of $126,224, well above the national average, and rent that’s lower than the national average at $1,160/month, and a well-educated community where 38.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $491,300. However, Carmel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carmel has a population of 7,222 with a median age of 46 years. Compare Carmel with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Carmel
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Canton | 7,222 | $62,438 | $182,900 | Compare |
| Sound Beach | 7,207 | $140,797 | $384,100 | Compare |
| North Patchogue | 7,243 | $104,698 | $421,800 | Compare |
| Pelham | 7,247 | $179,561 | $891,900 | Compare |
| East Hills | 7,249 | $250,001 | $1,371,600 | Compare |
| Monticello | 7,252 | $47,464 | $152,600 | Compare |
| Scotia | 7,260 | $74,185 | $182,800 | Compare |
| Oakdale | 7,171 | $129,809 | $595,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Carmel With Other Cities
Frequently Asked Questions about Carmel
What is the population of Carmel, NY?
The population of Carmel, NY is 7,222 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Carmel?
The median household income in Carmel, NY is $126,224 per year, which is 68% above the national median of $75,149.
What is the median home value in Carmel?
The median home value in Carmel, NY is $491,300, which is 101% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carmel?
The median monthly rent in Carmel, NY is $1,160, which is 0% below the national average of $1,163/month.
What is the unemployment rate in Carmel?
The unemployment rate in Carmel, NY is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carmel, NY a good place to live?
Carmel offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,222 and a median age of 46, the city appeals to established professionals and retirees.
How educated is Carmel, NY?
38.8% of residents in Carmel aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Carmel?
Key cost-of-living indicators for Carmel, NY: median home value is $491,300 (101% above national), median rent is $1,160/month, and median household income is $126,224. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Carmel?
The poverty rate in Carmel, NY is 6.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carmel, NY?
Carmel's population is 0.6% White, 0.7% Hispanic or Latino, 1.6% Black or African American, 7.9% Asian, and 3.3% two or more races. 13.5% of residents are foreign-born.