Everything You Need to Know About the City of Carmel Indiana

In 2017, Carmel, IN had a population of 88.6k people with a median age of 39.5 and a median household income of $109,201. Between 2016 and 2017 the population of Carmel, IN grew from 86,940 to 88,595, a 1.9% increase and its median household income grew from $106,546 to $109,201, a 2.49% increase.

The number of inhabitants in Carmel, IN is 81.3% White Alone, 10.3% Asian Alone, and 3.19% Hispanic or Latino. N/A% of the people in Carmel, IN speak a non-English language, and 94.6% are U.S. citizens.

The biggest universities in Carmel, IN are Indiana Massage College (36 degrees granted in 2017). 

The median property value in Carmel, IN is $320,400, and the homeownership rate is 77.6%. Most people in Carmel, IN commute by Drove Alone, and the average commute time is 22.2 minutes. The average vehicle possession in Carmel, IN is 2 vehicles for every household.


Education in Carmel

In 2017, universities in Carmel, IN awarded 36 degrees. The student population of Carmel, IN is skewed towards women, with 19 male students and 76 female students.

Most students graduating from Universities in Carmel, IN are White (29 and 80.6%), followed by Black or African American (3 and 8.33%), Hispanic or Latino (3 and 8.33%), and Asian (1 and 2.78%).

The largest universities in Carmel, IN by the number of degrees awarded are Indiana Massage College (36 and 100%).

The most popular majors in Carmel, IN are Massage Therapy (36 and 100%).

The median tuition costs in Carmel, IN are $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Carmel

The economy of Carmel, IN employs 46.1k people and Carmel has an unemployment rate of 2.6%. Carmel has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%. The largest industries in Carmel, IN are Professional, Scientific, & Technical Services (6,633 people), Manufacturing (6,388 people), and Health Care & Social Assistance (6,226 people), and the highest paying industries are Manufacturing ($104,480), Utilities ($94,953), and Wholesale Trade ($90,995).

Households in Carmel, IN have a median annual income of $109,201, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $106,546 in 2016, which represents a 2.49% annual growth.


Tax Rates for Carmel

– The Sales Tax Rate for Carmel is 7.0%. The US average is 7.3%.

– The Income Tax Rate for Carmel is 4.2%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Carmel

– The average income of a Carmel resident is $52,207 a year.

– The Median household income of a Carmel resident is $107,916 a year.