Carmel, IN is a great city to live in and is known for its high quality of life. The 2 bedroom rent in the area is $1,340 which is lower than the US national average of $1,430. In addition to affordable housing, the grocery cost index in Carmel is 103 compared to 100 nationally, adding to its appeal. There are numerous local companies that make up the economic landscape of Carmel, such as Rolls-Royce Aerospace, Siemens Healthineers, and Indiana University Health North Hospital. With its close proximity to Indianapolis and attractive costs of living, it's no wonder why so many people choose to call Carmel home.