Carmel, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
114
Carmel's Overall Cost Of Living
1.1x
Higher Than The National Average
124 out of 126
In Indiana
4,426 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Carmel is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Carmel, IN?

According to the most recent data on the cost of living, Carmel has an overall cost of living index of 114 which is 1.1x higher than the national index of 100.

Compared to only Indiana, Carmel has a cost of living index that's 1.3x higher than Indiana's index of 89.

The standard of living in Carmel ranks as #4,428 most affordable out of the 6,522 places we measured in Indiana. By definition, that implies Carmel ranks as the #1,979 most expensive place in the Hoosier State.

For more reading on life in Carmel, check out:

Carmel Cost Of Living Vs. Indiana

Living Expense Carmel Indiana National Average
Overall 114 89 100
Services 97 97 100
Groceries 93 92 100
Health 90 94 100
Housing 152 72 100
Transportation 99 100 100
Utilities 105 99 100
For more reading on cost of living around Indiana, check out:
Carmel Cost of Living Vs. IN

Carmel, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$333,200
Median Home Value
$1,207
Median Rent
$112,765
Median Income
Statistic Carmel Indiana United States
Median Home Value $333,200 $141,700 $217,500
Median Rent $1,207 $826 $1,062
Median Income $112,765 $56,303 $62,843
Home Value To Income 3.0x 2.5x 3.5x
Rent To Monthly Income 0.13x 0.18x 0.2x

Detailed Carmel Services Costs Vs. Indiana

Item Carmel Indiana
Shampoo $1.0 $1.01
Movie $11.17 $10.72
Bowling $16.4 $13.86

Detailed Carmel Groceries Costs Vs. Indiana

Item Carmel Indiana
Ground Beef $3.8 $3.9
Fried Chicken $1.21 $1.4
Milk $1.57 $1.96

Detailed Carmel Health Costs Vs. Indiana

Item Carmel Indiana
Haircut $17.6 $17.49
Beauty Salon $41.0 $38.17
Toothpaste $1.91 $2.32

Detailed Carmel Transportation Costs Vs. Indiana

Item Carmel Indiana
Potatoes $2.75 $3.18
Pizza $10.99 $10.39
Beer $8.85 $9.23
Optometrist $57.8 $106.34
Doctor $91.86 $115.25
Dentist $93.8 $98.38

Detailed Carmel Utilities Costs Vs. Indiana

Item Carmel Indiana
Gasoline $2.78 $2.59
Tire Balancing $43.57 $48.9
All Electricity $183.99 $167.6
Phone $181.43 $163.42

Carmel SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
8
Safety
9
Amenities
9
Education
9.5
Commute
8

Cost Of Living In Cities Around Carmel

City Population Cost Of Living Vs. Carmel
Indianapolis, IN 864,447 90 0.8x
Fishers, IN 88,717 105 0.9x
Noblesville, IN 63,071 98 0.9x
Lawrence, IN 48,699 90 0.8x
Westfield, IN 39,610 105 0.9x
Zionsville, IN 27,463 119 1.0x
Brownsburg, IN 26,046 95 0.8x
Avon, IN 17,453 98 0.9x
Beech Grove, IN 14,990 86 0.8x
Cumberland, IN 5,718 93 0.8x

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