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2024 Compare Cities Economy:
Carmel, IN vs Elgin, IL

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Highlights
- Household income in Elgin, is 33% less than it is in Carmel and is 13% above the National Average.
- Carmel unemployment rate is 3.0%.
- Elgin unemployment rate is 9.9%.

Economy
 Carmel, INElgin, ILUnited States
 Unemployment Rate3.0%9.9%6.0%
 Recent Job Growth2.5%1.7%1.6%
 Future Job Growth43.8%28.3%33.5%
 Sales Taxes7.0%8.5%6.2%
 Income Taxes4.2%5.0%4.6%
 Income per Cap.$64,078$31,673$37,638
 Household Income$119,772$79,757$69,021
 Family Median Income$157,200$88,684$85,028
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 Est. Households By Income
 Carmel, INElgin, ILUnited States
 Income Less Than 15K3.0%6.8%9.4%
 Income between 15K and 20K1.2%2.2%3.8%
 Income between 20K and 30K2.7%6.0%8.1%
 Income between 30K and 40K4.3%7.8%8.0%
 Income between 40K and 50K4.9%6.9%7.6%
 Income between 50K and 60K6.2%7.0%7.2%
 Income between 60K and 75K9.0%9.8%9.6%
 Income between 75K and 100K10.4%16.1%12.8%
 Income between 100K and 150K17.8%21.8%16.3%
 Income between 150K and 200K13.2%9.0%7.8%
 Income greater than 200K27.2%6.7%9.5%
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 Population By Occupation
 Carmel, INElgin, ILUnited States
 Management, business, finance28.0%13.6%16.4%
 Engineering, computers, science13.4%5.3%6.5%
 Community, social services1.8%1.4%1.8%
 Legal2.9%0.7%1.2%
 Education, library5.9%4.5%6.2%
 Arts, design, media, sports, entertainment2.8%1.4%2.0%
 Healthcare practitioners and technology9.7%4.1%6.2%
 Healthcare support0.9%2.8%3.3%
 Firefighters, law enforcement0.8%2.0%2.1%
 Food preparation, serving5.3%4.9%5.4%
 Building maintenance1.5%4.8%3.6%
 Personal care1.7%2.7%2.6%
 Sales, office, administrative support18.7%21.9%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair2.1%8.9%8.1%
 Production, transportation, material moving4.5%21.0%13.1%

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Reviews for Carmel    26 Reviews

I moved to Carmel from France and I lived there for 20 years. I moved to Indianapolis recently (I miss Carmel). I liked Carmel because it is clean, safe, pretty, it has  More

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This place has just about every corporate chain hotel imaginable. I come for business, and it is a nice place to do business. Carmel seems to sucking the corporate  More

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Over 9 years ago

Carmel is hands down the best place to live in  More

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Reviews for Elgin    9 Reviews

When I first moved to Elgin 2 years ago I did not like it. I lived in a mobile home park near the river and highway 90 in a senior community that over prices it's lot  More

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Hi, as a way of updating the post for Elgin and providing a rebuttal for some of the negative reviews, I've decided to post on this board. I've lived in Elgin since  More

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Over 14 years ago

I have lived in Elgin my whole life and it is very sad to read these comments about my town.... I'm a senior at South Elgin High School and I will be graduating this  More

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ZIPS IN CARMEL, INDIANA
46032 46033 46290
ZIPS IN ELGIN, ILLINOIS
60120

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