Carmel

Population: 100,501
Median household income: $134,602
Median home value: $455,500

Carmel is a community in Hamilton County, Indiana, home to 100,501 residents. The median household income of $134,602 is above the Hamilton County median ($117,957).

From 2019 to 2023, Carmel's population grew 3.1% from 97,464 to 100,501, while its median home value rose 36.7% from $333,200 to $455,500.

The median gross rent is $1,607. 74.5% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 100,501
Median age: 40.5 yrs
Median household income: $134,602
Median home value: $455,500
Median gross rent: $1,607
Housing units: 40,477
Homeownership rate: 74.6%
Bachelor's degree or higher: 74.5%
Unemployment rate: 2.7%

Trends

ACS 5-year · 2019–2023

Population

97,464100,501

Median household income

$112,765$134,602

Median home value

$333,200$455,500

Median gross rent

$1,207$1,607

Year	Population	Median household income	Median home value	Median gross rent
2019	97,464	$112,765	$333,200	$1,207
2020	99,130	$115,109	$352,400	$1,247
2021	98,137	$119,772	$372,100	$1,348
2022	99,453	$132,859	$425,900	$1,499
2023	100,501	$134,602	$455,500	$1,607

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.1%

5 to 1720.0%

18 to 247.9%

25 to 3410.5%

35 to 4413.1%

45 to 5415.1%

55 to 6413.4%

65 to 749.2%

75 and over5.8%

	Count	Share
Under 5	5,144	5.1%
5 to 17	20,111	20.0%
18 to 24	7,927	7.9%
25 to 34	10,505	10.5%
35 to 44	13,186	13.1%
45 to 54	15,169	15.1%
55 to 64	13,450	13.4%
65 to 74	9,197	9.2%
75 and over	5,812	5.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	76,107	75.7%
Black or African American	3,636	3.6%
American Indian & Alaska Native	69	0.1%
Asian	11,654	11.6%
Native Hawaiian & Pacific Islander	26	0.0%
Some other race	464	0.5%
Two or more races	3,524	3.5%
Hispanic or Latino (any race)	5,021	5.0%

Educational attainment (age 25+)

No high school diploma2.1%

High school graduate8.0%

Some college or associate's15.5%

Bachelor's degree42.5%

Graduate or professional degree32.0%

	Count	Share
No high school diploma	1,404	2.1%
High school graduate	5,359	8.0%
Some college or associate's	10,409	15.5%
Bachelor's degree	28,598	42.5%
Graduate or professional degree	21,549	32.0%

Commute to work

Mean travel time to work: 25 min

Drove alone69.1%

Carpooled4.0%

Public transit0.1%

Walked1.3%

Bicycle0.2%

Worked from home25.0%

Other means0.4%

How workers get to work

	Count	Share
Drove alone	36,496	69.1%
Carpooled	2,094	4.0%
Public transit	27	0.1%
Walked	682	1.3%
Bicycle	110	0.2%
Worked from home	13,204	25.0%
Other means	225	0.4%

Travel time

	Count	Share
Under 15 min	11,134	28.1%
15 to 29 min	13,238	33.4%
30 to 44 min	10,362	26.1%
45 to 59 min	3,252	8.2%
60+ min	1,648	4.2%

Households

Average household size: 2.62
Poverty rate: 3.7% (3,738 of 99,894)

	Count	Share
Family households	27,758	72.7%
Nonfamily households	10,402	27.3%

Housing

Median year structure built: 1997

Occupancy

	Count	Share
Occupied	38,160	94.3%
Vacant	2,317	5.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	28,450	74.6%
Renter-occupied	9,710	25.4%

1-unit, detached70.4%

1-unit, attached5.2%

2 to 4 units3.6%

5 to 19 units12.1%

20 or more units8.3%

Mobile home & other0.3%

Units in structure

	Count	Share
1-unit, detached	28,479	70.4%
1-unit, attached	2,116	5.2%
2 to 4 units	1,468	3.6%
5 to 19 units	4,913	12.1%
20 or more units	3,373	8.3%
Mobile home & other	128	0.3%

Geography

Place GEOID: 1810342
Type (LSAD): 25
Land area: 49 sq mi
Water area: 1.08 sq mi
Center point: 39.9655, -86.1484