Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.6 yrs |
|---|---|
| Avg HH Size | 2.63 |
| Below Poverty | 3.5% ▼ 65% below avg |
| College Grads | 78.7% ▲ 103% above avg |
| Unemployment | 2.9% ▼ 41% below avg |
| No HS Diploma | 375 (0.7%) |
| HS Graduate | 4,534 (7.9%) |
| Some College | 2,575 (4.5%) |
| Associates | 4,761 (8.3%) |
| Bachelors | 3,062 (5.3%) |
| Graduate Degree | 42,265 (73.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $135,348 ▲ 77% above avg |
|---|---|
| Median Home Value | $461,738 ▲ 66% above avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,555/mo |
| Total Housing Units | 36,843 |
| Vacant Units | 2,059 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Carmel is a city in Indiana, located in Hamilton County. The city spans 3 ZIP codes and is home to approximately 91,334 residents. It is a middle-aged city, with a median age of 40.62 years.
Economically, Carmel is a upper-middle-income community. The median household income of $135,347 is significantly above the national average. Approximately 3.5% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in Carmel is a premium housing market. Median home values stand at $461,738, which is significantly above the national average. Renters typically pay around $1,554 per month. Homeownership is high at 75.8%, typical of suburban and family-oriented communities.
The population of Carmel is highly educated. 78.7% of adults hold a bachelor's degree or higher — more than double the national average. The community is primarily White (77.84%).
Carmel, IN offers residents above-average earning potential within Indiana. Spread across 3 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.