Carmel, IN is a vibrant city located in Hamilton County. The median two bedroom rent for the area is $1,460, which is slightly higher than the US average of $1,430. In addition to the rent costs, Carmel also has a higher Grocery Cost Index of 101 compared to 100 in the US. This means that grocery prices are typically slightly higher than other places within the US.
Carmel offers many benefits as a city for those wanting to live there. Residents can enjoy access to popular local businesses such as West Clay Provisions, Mixology Boutique Consignment and Gallery and Dapper Pig Cafe & Deli. Despite having higher rental costs and groceries prices than other places in the US, Carmel still offers an affordable cost of living and provides plenty of opportunities for residents to save money through local establishments.
Carmel (zip 46032) has an unemployment rate of 3.0%. The US average is 6.0%.
Carmel (zip 46032) has seen the job market increase by 2.5% 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 (zip 46032)
- The Sales Tax Rate for Carmel (zip 46032) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carmel (zip 46032) 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 (zip 46032)
- The average income of a Carmel (zip 46032) resident is $53,050 a year. The US average is $28,555 a year.
- The Median household income of a Carmel (zip 46032) resident is $108,368 a year. The US average is $69,021 a year.