Carmel, IN is a city located in the northern part of Indiana. It's home to a wide variety of businesses and organizations ranging from tech startups to traditional retail stores. The cost of living in Carmel is slightly higher than the US average, with the 2 bedroom rent at $1,460 compared to the national average of $1,430. Additionally, the grocery cost index in Carmel is 101 compared to 100 in the US. Popular companies headquartered in Carmel include Rolls Royce, AM General LLC, and Finish Line Inc. It's also home to local tech startups such as Genesys Technology Group and SupplyKick that are finding success through innovative technology solutions.
Carmel has an unemployment rate of 3.0%. The US average is 6.0%.
Carmel has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Carmel
- The Sales Tax Rate for Carmel is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carmel is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Carmel
- The average income of a Carmel resident is $64,078 a year. The US average is $37,638 a year.
- The Median household income of a Carmel resident is $119,772 a year. The US average is $69,021 a year.