Last updated: 2024 BLS data · Page refreshed:
Lake Carmel has a population of 7,854 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 7,854 |
| Median Age | 40.3 |
| White | 62.0% |
| Black or African American | 6.0% |
| Asian | 1.7% |
| Hispanic or Latino | 30.7% |
The median household income in Lake Carmel is $109,243, which is 35.5% above the national median of $80,610. The per capita income is $48,424. The poverty rate is 8.3%.
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In Lake Carmel, 92.2% of residents age 25+ have a high school diploma or higher, and 34.6% hold a bachelor's degree or higher (13.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.2% |
| Bachelor's Degree or Higher | 34.6% |
| Graduate or Professional Degree | 13.0% |
The median home value in Lake Carmel is $363,700, above the national median of $303,400. The median monthly rent is $1,565. The homeownership rate is 85.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $363,700 |
| Median Monthly Rent | $1,565 |
| Homeownership Rate | 85.9% |
| Vacancy Rate | 5.1% |
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