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.
|Living Expense||Carmel||Indiana||National Average|
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.
|City||Population||Cost Of Living||Vs. Carmel|
|Beech Grove, IN||14,990||86||0.8x|