Housing costs in Carmel?
A typical home costs
$459,000, which is 35.8% more expensive than the national average of
$338,100 and 107.1% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Carmel costs
$1,460 per month, which is 49.0% more than the national average of
$980 and 28.1% more than the state average of
$1,050.
Can I afford Carmel?
To live comfortably in Carmel (zip 46032), Indiana, a minimum annual income of
$87,840 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Carmel?
The cost of living in 46032 Carmel, IN is fairly high compared to the national average. According to the most recent data, Carmel has an overall cost of living index of 97.2, which is roughly 3% higher than the national average. Housing expenses make up a large portion of the index, with housing costs being as much as 32% higher than the national average. Other factors such as food and groceries, health care and transportation are also relatively expensive when compared to other areas in the United States. Despite this, many people are drawn to Carmel due to its high quality of life and great amenities such as shopping, entertainment and activities for families.