Carmel, Indiana has an overall cost of living index of 94.7, which is 5.3 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,712 per month, while the typical home is valued around $486,800. Households earn a median of $141,505 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$141,505
Median Income / yr
Census ACS
$1,712
Median Rent / mo
Census ACS
$486,800
Median Home Value
Census ACS
94.7
Cost of Living Index
Studio FMR
$1,118
HUD · FY2024
1BR Fair Market Rent
$1,267
HUD · FY2024
2BR Fair Market Rent
$1,473
HUD · FY2024
3BR Fair Market Rent
$1,907
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
94.7
Goods
94.8
Rents / Housing
87.0
Services
85.6
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $112,680 |
| Registered Nurse | $89,290 |
| Elementary Teacher | $61,380 |
| Electrician | $67,730 |
| Accountant | $86,150 |
| Plumber | $69,600 |
| Nurse Practitioner | $322,240 |
| Civil Engineer | $99,880 |
| Operations Manager | $150,240 |
| Market Research Analyst | $75,140 |
| Health Services Manager | $118,750 |
| Truck Driver | $63,870 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $103,900 |
Source: BLS OEWS 2023 (metro-level data)
Population
101,651
Latest estimate
Median Age
40.6 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
10
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,350
Per month
Avg Home Value
$376,110
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 46032 | — | $1,472 | $434,000 |
| ZIP 46033 | — | $1,499 | $430,500 |
| ZIP 46062 | — | $1,305 | $317,300 |
| ZIP 46074 | — | $1,433 | $373,300 |
| ZIP 46077 | — | $1,586 | $489,100 |
| ZIP 46240 | — | $1,163 | $295,900 |
| ZIP 46260 | — | $1,016 | $247,400 |
| ZIP 46268 | — | $1,148 | $188,800 |
| ZIP 46280 | — | $1,526 | $268,500 |
| ZIP 46290 | — | — | $716,300 |
January Avg
28°F
July Avg
76°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
32.4
poor
Hospitals
4
Doctors per 1,000
1.00
Insurance Coverage
96.7%
Carmel has a Regional Price Parity (RPP) index of 94.7. The US national average is 100, so Carmel is 5.3 points below the national average.
The median gross rent in Carmel is $1,712 per month according to US Census ACS data.
The median household income in Carmel is $141,505 per year.
The median home value in Carmel is $486,800 based on the latest Census ACS survey.
Air quality data for Carmel is not yet available.
Tax data for Indiana is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
