2025 Compare Cities Economy:
Carmel, IN vs New Albany, IN

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Highlights
- Household income in New Albany, is 59% less than it is in Carmel and is 40% below the National Average.
- Carmel unemployment rate is 3.0%.
- New Albany unemployment rate is 4.8%.
 Carmel, INNew Albany, INUnited States
 Unemployment Rate  Unlock4.8%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth43.8%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock4.4%4.6%
 Income per Cap.$64,078  Unlock$37,638
 Household Income  Unlock$49,429$69,021
 Family Median Income$157,200  Unlock$85,028
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 Est. Households By Income
 Carmel, INNew Albany, INUnited States
 Income Less Than 15K  Unlock12.4%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock10.0%8.1%
 Income between 30K and 40K4.3%  Unlock8.0%
 Income between 40K and 50K  Unlock11.1%7.6%
 Income between 50K and 60K6.2%  Unlock7.2%
 Income between 60K and 75K  Unlock12.5%9.6%
 Income between 75K and 100K10.4%  Unlock12.8%
 Income between 100K and 150K  Unlock12.4%16.3%
 Income between 150K and 200K13.2%  Unlock7.8%
 Income greater than 200K  Unlock1.9%9.5%
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 Population By Occupation
 Carmel, INNew Albany, INUnited States
 Management, business, finance28.0%  Unlock16.4%
 Engineering, computers, science  Unlock4.3%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library5.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock4.0%2.0%
 Healthcare practitioners and technology9.7%  Unlock6.2%
 Healthcare support  Unlock3.1%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock5.9%5.4%
 Building maintenance1.5%  Unlock3.6%
 Personal care  Unlock2.3%2.6%
 Sales, office, administrative support18.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair2.1%  Unlock8.1%
 Production, transportation, material moving  Unlock19.7%13.1%
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 10 years ago

Carmel is hands down the best place to live in  More

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Reviews for New Albany    2 Reviews

Over 9 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Over 18 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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