Carmel, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
114
Carmel's Overall Cost Of Living
1.1x
Higher Than The National Average
122 out of 124
In Indiana
4,427 out of 6,412
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 86.

The standard of living in Carmel ranks as #4,429 most affordable out of the 6,418 places we measured in Indiana. By definition, that implies Carmel ranks as the #1,990 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 86 100
Services 96 93 100
Groceries 95 93 100
Health 85 94 100
Housing 152 74 100
Transportation 91 95 100
Utilities 103 96 100
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.

$352,400
Median Home Value
$1,247
Median Rent
$115,109
Median Income
Statistic Carmel Indiana United States
Median Home Value $352,400 $148,900 $229,800
Median Rent $1,247 $844 $1,096
Median Income $115,109 $58,235 $64,994
Home Value To Income 3.1x 2.6x 3.5x
Rent To Monthly Income 0.13x 0.17x 0.2x

Detailed Carmel Services Costs Vs. Indiana

Item Carmel Indiana
Shampoo $1.03 $1.06
Movie $11.27 $10.68
Bowling $16.9 $14.67

Detailed Carmel Groceries Costs Vs. Indiana

Item Carmel Indiana
Ground Beef $4.16 $4.22
Fried Chicken $1.37 $1.39
Milk $1.68 $2.05

Detailed Carmel Health Costs Vs. Indiana

Item Carmel Indiana
Haircut $17.8 $18.62
Beauty Salon $37.63 $39.05
Toothpaste $2.02 $2.34

Detailed Carmel Transportation Costs Vs. Indiana

Item Carmel Indiana
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $8.71 $9.38
Optometrist $65.9 $108.57
Doctor $88.25 $116.17
Dentist $92.92 $99.13

Detailed Carmel Utilities Costs Vs. Indiana

Item Carmel Indiana
Gasoline $2.12 $2.22
Tire Balancing $40.89 $50.07
All Electricity $171.81 $167.67
Phone $184.27 $175.64

Carmel SnackAbility

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

Cost Of Living In Cities Around Carmel

City Population Cost Of Living Vs. Carmel
Indianapolis, IN 869,387 88 0.8x
Noblesville, IN 64,430 98 0.9x
Lawrence, IN 49,020 87 0.8x
Westfield, IN 41,652 103 0.9x
Zionsville, IN 28,035 118 1.0x
Brownsburg, IN 26,560 95 0.8x
Avon, IN 18,056 99 0.9x
Beech Grove, IN 15,148 86 0.8x
Cumberland, IN 5,840 93 0.8x

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