Carmel IN
Indiana · Pop. 101,651
Carmel, IN: median household income of $141,505, median rent of $1,712/mo, 2.7% unemployment. Our verdict: Solid Choice.
Score Breakdown
Key Metrics
Median Income
$141,505
per year
Median Rent
$1,712
per month
Median Home
$487k
home value
Unemployment
2.7%
of labor force
Poverty Rate
3.9%
below poverty line
Avg. Commute
25 min
one way
City Reality Check balanced
"Carmel, IN Reality Check"
In Carmel, the rent-to-income burden runs around 15% — refreshingly manageable by national standards. Median income sits at $141,505 and median rent is $1,712/month. 42% of renters spend 30%+ of income on housing — above the national average. Median home value: $486,800 — that's 3.4× the median income. 74% of households own their home — unusually high for a major US city. Residents put down roots here. 74% of adults hold a bachelor's degree or higher — a highly educated workforce that drives (and inflates) this local economy. Employment picture: 2.74% unemployment — a tight labor market. Poverty rate: 3.9%. Average commute: 25 minutes — acceptable. Carmel was founded in 1874 — that's 152 years of history baked into the streets. The city covers 48.5 sq miles at 2,094 people/sq mile — spread out. Elevation: 853 ft — modest elevation. RoastMyCity overall score: 84/100 — Solid Choice.