Last updated: 2024 BLS data · Page refreshed:
Carmel has a population of 7,306 with a median age of 47.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 7,306 |
| Median Age | 47.0 |
| White | 81.1% |
| Black or African American | 4.2% |
| Asian | 2.6% |
| Hispanic or Latino | 12.9% |
The median household income in Carmel is $114,954, which is 42.6% above the national median of $80,610. The per capita income is $52,771. The poverty rate is 8.8%.
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In Carmel, 95.0% of residents age 25+ have a high school diploma or higher, and 39.9% hold a bachelor's degree or higher (20.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.0% |
| Bachelor's Degree or Higher | 39.9% |
| Graduate or Professional Degree | 20.6% |
The median home value in Carmel is $488,300, above the national median of $303,400. The median monthly rent is $1,150. The homeownership rate is 75.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $488,300 |
| Median Monthly Rent | $1,150 |
| Homeownership Rate | 75.0% |
| Vacancy Rate | 2.6% |
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