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ZipNumbers

Indiana · Census place 10342

Carmel city, IN

Quick answer

Carmel city has 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.

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

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

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