Carmel Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Carmel, Indiana? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Carmel, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Carmel is $132,859.00.

The chart below shows the average household income by age in Carmel.

• Under 25
  $57,125.00
• 25 to 44
  $136,484.00
• 45 to 64
  $180,057.00
• 65 and over
  $78,442.00

Average Household Income

A very commonly asked question is "what is the average household income in Carmel, Indiana?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Carmel is $181,667.00.

31.39% of households in Carmel, Indiana are classed as high income households (making $200,000+ per year).

Household Income Tiers for Carmel

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Carmel, Indiana easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  5.83%
• $25,000 to $49,999
  9.53%
• $50,000 to $74,999
  12.13%
• $75,000 to $99,999
  11.61%
• $100,000 to $149,999
  16.45%
• $150,000 to $199,999
  13.07%
• $200,000 or more
  31.39%

Per Capita Income

The per capita income is the average income of all people in Carmel, Indiana. This is calculated by dividing the total income of all people in Carmel by the total number of people in Carmel.

It differs from the average or mean household income because it includes all people in Carmel and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Carmel, Indiana is $70,093.00.

Population in Carmel by Race and Ethnicity

The total population in Carmel is currently 99,453 people.

The race and ethnicity of the population in Carmel can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Carmel, Indiana.

• 1.90% White
  1,862
• 95.60% Black/African American
  95,082
• 76.80% Native
  76,370
• 3.40% Hispanic
  3,360
• 3.50% Asian
  3,452
• 0.10% Hawaiian/Pacific Islander
  71
• 0.10% Two or more races
  83
• 11.30% Other
  11,276

Population of Carmel by Age and Gender

Another very important demographics statistic for Carmel, Indiana is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Carmel, Indiana.

• Master's degree or higher
  27.87%
• Bachelor's degree
  56.63%
• Some college or associate's degree
  4.75%
• High school diploma or equivalent
  10.06%
• Less than high school diploma
  0.70%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Carmel because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Carmel look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Carmel, Indiana that are over the age of 16.

The current population in Carmel that are over the age of 16 is 78,168 people.

The unemployment rate in Carmel is 2.60%, which means 1,401 people are unemployed.

Median Age in Carmel

The median age is an interesting metric because it gives us an idea of the age distribution of people in Carmel, Indiana. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Carmel is 40.6 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Carmel

40.6

Total

40

Male

41.2

Female

Households and Families

There are a total of 37,888 households in Carmel, and the average household size is 2.61 people.

For families, the total number is 27,567, and the average family size is 3.11 people.

2.30% of those families in Carmel, Indiana are living below the poverty line.

The table below shows the poverty thresholds for Carmel in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Carmel, Indiana for each type, as well as the average sizes.

Housing Data in Carmel

There are total of 40,084 housing units in Carmel, Indiana. Of those units, 37,888 (94.52%) are occupied, and 2,196 (5.48%) are vacant.

Rental Rates

Of the 40,084 housing units in Carmel, 9,474 (23.64%) are occupied by renters. The median rent paid by renters is $1,499.00.

Owner occupied housing units make up the remaining 70.53% of housing units, with 28,270 housing units in total.

The table below breaks down how much rent is paid by renters in Carmel, Indiana.

• No rent paid
  144
• Less than $500
  72
• $500 to $999
  498
• $1,000 to $1,499
  4,182
• $1,500 to $1,999
  2,783
• $2,000 to $2,499
  984
• $2,500 to $2,999
  527
• $3,000 or more
  428

Property Values

The median value of a property in Carmel is $425,900.00.

The table below breaks down the range of valuations for all properties in Carmel.

• Less than $50,000
  324
• $50,000 to $99,999
  139
• $100,000 to $149,999
  449
• $150,000 to $199,999
  1,242
• $200,000 to $299,999
  4,359
• $300,000 to $499,999
  12,185
• $500,000 to $999,999
  8,138
• $1,000,000 or more
  1,434

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Carmel, Indiana.

• 1939 or earlier
  328
• 1940 to 1949
  431
• 1950 to 1959
  1,266
• 1960 to 1969
  2,503
• 1970 to 1979
  4,964
• 1980 to 1989
  5,049
• 1990 to 1999
  8,852
• 2000 to 2009
  8,537
• 2010 to 2013
  7,720
• 2014 or later
  434

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Carmel has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  906
• 1 vehicle available
  9,718
• 2 vehicles available
  18,370
• 3 or more vehicles available
  8,894

Commuting to Work in Carmel

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Carmel, Indiana, how they commute, and how that correlates to other data points.

The average travel time is 25.2 minutes, and the chart below covers the range of travel times across the population of Carmel.

• Less than 5 minutes
  1,020
• 5 to 9 minutes
  3,957
• 10 to 14 minutes
  6,007
• 15 to 19 minutes
  7,312
• 20 to 24 minutes
  4,872
• 25 to 29 minutes
  2,204
• 30 to 34 minutes
  6,059
• 35 to 39 minutes
  1,881
• 40 to 44 minutes
  2,635
• 45 to 59 minutes
  3,697
• 60 to 89 minutes
  862
• 90 or more minutes
  721

We can also look at the means of transport in Carmel to see which modes of transport people are using to commute to work.

• Drove alone
  37,561
• Carpooled
  2,423
• Public transportation
  14
• Walked
  769
• Other means
  460
• Worked from home
  11,170

Conclusion

Hopefully this article has given you the demographics data you were looking for in Carmel, Indiana.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Carmel.

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