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Carmel, IN&

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1.84% growth
Median Age
Median Household Income
0.11% growth
Poverty Rate
Number of Employees
2.94% growth
Median Property Value
0.69% growth

About the photo: Canal walk in downtown Indianapolis.


The economy of Carmel, IN employs 44,991 people. The economy of Carmel, IN is specialized in Professional, Scientific, Tech Services; Wholesale trade; and Finance & Insurance, which employ respectively 1.83; 1.71; and 1.63 times more people than what would be expected in a location of this size. The largest industries in Carmel, IN are Manufacturing (6,262), Healthcare & Social Assistance (6,196), and Professional, Scientific, Tech Services (5,850), and the highest paying industries are Agriculture, Forestry, Fishing, Hunting ($160,793), Utilities ($86,694), and Professional, Scientific, Tech Services ($80,531).

Median household income in Carmel, IN is $106,546. Males in Carmel, IN have an average income that is 1.54 times higher than the average income of females, which is $70,918. The income inequality of Carmel, IN (measured using the Gini index) is 0.489 which is higher than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Carmel, IN. In Hamilton County, IN the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 140 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $9,303. Lake County, IN has the highest prevalence of homicides of any county in Indiana.


Clinician to Patient Rates

The closest comparable data for the census place of Carmel, IN is from the county of Hamilton County, IN.

Insurance Coverage by Age and Gender

Medicare Enrollment and Reimbursements by Location

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Carmel, IN is home to a population of 86,940 people, from which 94.2% are citizens. The ethnic composition of the population of Carmel, IN is composed of 71,238 White residents (81.9%), 8,461 Asian residents (9.7%), 2,845 Hispanic residents (3.27%), 2,258 Black residents (2.6%), and 1,694 Two+ residents (1.95%). The most common foreign languages in Carmel, IN are Chinese (2,297 speakers), Spanish (1,806 speakers), and Other Asian (1,390 speakers), but compared to other places, Carmel, IN has a relative high number of Other Asian (1,390 speakers), Hindi (799 speakers), and Scandinavian (131 speakers).


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In 2015 universities in Indianapolis-Carmel-Anderson, IN Metro Area awarded 39,247 degrees. The student population of Indianapolis-Carmel-Anderson, IN Metro Area is skewed towards females, with 14,588 male students and 24,659 female students. Most students in Indianapolis-Carmel-Anderson, IN Metro Area are White (28,977 and 73.8%), followed by Black or African American (4,042 and 10.3%), Unknown (2,151 and 5.48%), and Hispanic or Latino (1,638 and 4.17%). The largest universities in Indianapolis-Carmel-Anderson, IN Metro Area by number of graduates are Ivy Tech Community College (20,401 and 52%), Indiana University-Purdue University-Indianapolis (7,122 and 18.1%), and University of Indianapolis (1,385 and 3.53%). The most popular majors in Indianapolis-Carmel-Anderson, IN Metro Area are Registered Nursing (1,612 and 4.11%), General Business Administration & Management (1,174 and 2.99%), and Other Liberal Arts & Sciences, General Studies, & Humanities (892 and 2.27%). The median tuition costs in Indianapolis-Carmel-Anderson, IN Metro Area are $29,840 for private four year colleges, and $8,141 and $28,727 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Carmel, IN is $306,500, which is 1.5 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $304,400 to $306,500, a 0.69% increase. The homeownership rate of Carmel, IN is 77.7%, which is higher than the national average of 63.6%. People in Carmel, IN have an average commute time of 22.5 minutes, and they commute by Drove Alone. Car ownership in Carmel, IN is approximately the same as the national average, with an average of 2 cars per household.


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United States
Hamilton County, IN
Indianapolis-Carmel-Anderson, IN Metro Area
metropolitan statistical area
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