Carmel has a population of 99,453 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 99,453 |
| Median Age | 40.6 |
| White | 78.8% |
| Black or African American | 3.5% |
| Asian | 11.3% |
| Hispanic or Latino | 4.4% |
| Other / Two or More Races | 2.0% |
The median household income in Carmel is $132,859, which is 76.8% above the national median of $75,149. The per capita income is $70,093. The poverty rate is 3.6%.
The unemployment rate in Carmel is 2.6%, compared to the national rate of 5.4%.
In Carmel, 98.1% of residents age 25+ have a high school diploma or higher, and 73.7% hold a bachelor's degree or higher (32.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 98.1% |
| Bachelor's Degree or Higher | 73.7% |
| Graduate or Professional Degree | 32.4% |
The median home value in Carmel is $425,900, above the national median of $281,900. The median monthly rent is $1,499. The homeownership rate is 74.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $425,900 |
| Median Monthly Rent | $1,499 |
| Homeownership Rate | 74.6% |
| Vacancy Rate | 5.5% |
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