Carmel, IN
101,651Residents
$141,505Median household income
$1,712/moMedian gross rent
$486,800Median home value
40.6Median age
74%Adults with a bachelor’s degree or higher
74%Homes lived in by their owners
3.4×Home value to household income
Median rent takes about 15% of the median household income in Carmel.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $68,000 a year. In Indiana that leaves roughly $4,552 a month after tax. See the full paycheck breakdown for $70,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.