Troy, Michigan vs. Carmel, Indiana

Cost of Living Comparison

The cost of living in Carmel, Indiana is 2.9% more expensive than Troy, Michigan.

You would need a salary of $144,025 in Carmel, Indiana to maintain the standard of living you have in Troy, Michigan.
Comparison highlights
• Overall, Carmel, Indiana is more expensive than Troy, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
30% more expensive in Carmel
than in Troy, Michigan
Troy, MI vs. Carmel, IN
Compared to Troy, Carmel is:
  Homeowner
      No Child Care, Taxes not Considered
  2.9% higher
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  0.3% higher
  Housing (Homeowner)
  12.1% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  8.4% lower
  Commute
  23.4% lower
  Health
  24.5% higher
  Taxes
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  Childcare
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  Personal
  0.4% higher
Cost of Food
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