Housing costs in Carmel?
A typical home costs
$642,700, which is 90.1% more expensive than the national average of
$338,100 and 190.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Carmel costs
$1,340 per month, which is 36.7% more than the national average of
$980 and 21.6% more than the state average of
$1,050.
Can I afford Carmel?
To live comfortably in Carmel (zip 46290), Indiana, a minimum annual income of
$123,120 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Carmel?
The cost of living in 46290 Carmel, IN is high compared to the national average. This is due to the fact that it has a high median household income, and high property taxes. The median home value in 46290 Carmel, IN is around $255,400 which is significantly higher than the national median of $184,700. Additionally, the average price for a gallon of gas in this area is over $3 per gallon, while the national average is closer to $2 per gallon. Though there are some more affordable areas within this zip code, overall the cost of living in 46290 Carmel, IN is much higher than most other areas throughout the United States.