Last updated: 2024 BLS data · Page refreshed:
Carmel has a population of 101,651 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 101,651 |
| Median Age | 40.6 |
| White | 76.5% |
| Black or African American | 3.1% |
| Asian | 11.7% |
| Hispanic or Latino | 5.5% |
| Other / Two or More Races | 3.2% |
The median household income in Carmel is $141,505, which is 75.5% above the national median of $80,610. The per capita income is $73,549. The poverty rate is 3.9%.
The unemployment rate in Carmel is 3.3%, compared to the national rate of 4.1%.
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In Carmel, 97.8% of residents age 25+ have a high school diploma or higher, and 74.4% hold a bachelor's degree or higher (31.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.8% |
| Bachelor's Degree or Higher | 74.4% |
| Graduate or Professional Degree | 31.7% |
The median home value in Carmel is $486,800, above the national median of $303,400. The median monthly rent is $1,712. The homeownership rate is 74.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $486,800 |
| Median Monthly Rent | $1,712 |
| Homeownership Rate | 74.3% |
| Vacancy Rate | 6.0% |
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