Housing costs in Carmel?
A typical home costs
$480,300, which is 42.1% more expensive than the national average of
$338,100 and 116.7% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Carmel costs
$1,530 per month, which is 56.1% more than the national average of
$980 and 31.4% more than the state average of
$1,050.
Can I afford Carmel?
To live comfortably in Carmel (zip 46033), Indiana, a minimum annual income of
$92,160 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Carmel?
The cost of living in 46033 Carmel, IN is higher than the United States average. According to BestPlaces's Cost of Living Index, the average monthly rent for a one bedroom apartment in Carmel, IN is around $1,215 per month. Groceries are roughly 3% higher than the national average, and transportation costs are about 6% higher. The overall cost of living index score for this zip code is 106.73 which is 6.7% higher than the US average index score of 100. As such, any individuals considering moving to Carmel should plan to budget accordingly as they will need more money for their expenses than other parts of the country.