Housing costs in Carmel?
A typical home costs
$493,000, which is 45.8% more expensive than the national average of
$338,100 and 122.5% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Carmel costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 32.9% more than the state average of
$980.
Can I afford Carmel?
To live comfortably in Carmel, Indiana, a minimum annual income of
$94,320 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Carmel?
Carmel gives residents a rare chance at great value for economical living placed somewhere inside of Indiana's Hamilton County boasting plenty of features without adversely impacting pocketbooks too heavily. Median housing values come in around $304K and renting normally arrives close by approximately half that amount each month depending upon desired amenities - much lower compared to other parts of the Hoosier State such as Fishers or Avon located closer towards the western coast. Grocery stores also hover slightly above US levels due largely to local taxes & regulations while sales tax provisionally stays constant at 7%.