What is the population of Carmel city?

Carmel city has 100,501 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #6 of 976 in Indiana.

What is the median household income in Carmel city?

Median household income in Carmel city is $134,602 a year, 71.4% above the national figure of $78,538.

How much does it cost to rent or buy in Carmel city?

Median gross rent is $1,607 a month and the median home value is $455,500, so rent absorbs about 14.3% of median household income.

Is Carmel city affordable compared with the rest of the US?

Homes cost about 3.4× the local median income here versus roughly 3.9× nationally, so Carmel city is more affordable to buy in than the typical US market, and rent takes 14.3% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 10342

Carmel, IN population, income and ZIP codes

Quick answer

The population of the city of Carmel, Indiana (Carmel, IN — Census place “Carmel city”) is 100,501 residents, ranking #6 of 976 places in Indiana. Median household income is $134,602, the median home is worth $455,500 and median gross rent runs $1,607 a month. Looking for the Carmel Indiana ZIP code list? 5 ZIP codes serve Carmel, IN: 46032, 46033, 46074, 46280, 46290.

Population: 100,501Carmel city residents
Median household income: $134,602Past 12 months, inflation adjusted
Median home value: $455,500Owner-occupied units
Median gross rent: $1,607Rent plus utilities, monthly
Median age: 40.5 yrsAll residents
Homeownership rate: 74.6%Owner-occupied households

Carmel ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Carmel.

The Carmel IN ZIP code list below covers 5 ZIP codes. Open any one for its population, income, housing and rent profile.

What the numbers mean in Carmel city

Housing cost measured against local earnings.

A household earning the Carmel city median would spend about 14.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.7% of residents and 74.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Carmel city, IN in context

How this area compares with national benchmarks.

Carmel city is a mid-size city in Indiana, with 100,501 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #6 of 976 ranked by population — larger than 99% of them. The median age here is 40.5 years against 39.1 nationally, a slightly older profile than the country as a whole. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.

Households in Carmel city earn a median of $134,602 a year, 71.4% above the national figure of $78,538 and 119% above the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 3.7% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Carmel city is valued at $455,500, 50.1% above the national figure and 213% above the $145,600 peer median, while median gross rent runs $1,607 a month, 14.3% above the national figure, or roughly $19,284 across a full year. A household on the local median income would put about 14.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.4×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 74.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Carmel city?: Carmel city has 100,501 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #6 of 976 in Indiana.
What is the median household income in Carmel city?: Median household income in Carmel city is $134,602 a year, 71.4% above the national figure of $78,538.
How much does it cost to rent or buy in Carmel city?: Median gross rent is $1,607 a month and the median home value is $455,500, so rent absorbs about 14.3% of median household income.
Is Carmel city affordable compared with the rest of the US?: Homes cost about 3.4× the local median income here versus roughly 3.9× nationally, so Carmel city is more affordable to buy in than the typical US market, and rent takes 14.3% of median income against the 30% cost-burden line.
How current is this Carmel city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.