Carmel city, Indiana Demographics & Population 2026
As of 2026, Carmel city, Indiana has a total population of 100,501, the 6th largest city in Indiana, with a median household income of $134,602, which is 92% higher than the state average. The poverty rate is 3.7%.
Key Takeaways
- Household income is 92% above the state average — one of the wealthiest communities in Indiana.
- An exceptionally low poverty rate of 3.7% — among the lowest in Indiana.
- 74.5% of adults hold a bachelor's degree or higher — top 10% in Indiana.
Carmel city Quick Facts
How Carmel city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Carmel city Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Carmel city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fishers city | 100,918 | $128,141 | $370,200 | 66.2% | 3.6% |
| Noblesville city | 71,940 | $102,319 | $321,800 | 51.4% | 5.6% |
| South Bend city | 102,866 | $52,512 | $124,500 | 29.4% | 22.6% |
| Evansville city | 116,441 | $52,251 | $129,100 | 22.3% | 18.6% |
| Greenwood city | 64,237 | $78,765 | $248,700 | 31.0% | 7.1% |
Population Overview
Carmel city is a major urban center located in Indiana. The total population is 100,501. It ranks as the 6th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Carmel city is 40.5 years. This is 7% higher than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Carmel city is $134,602. This is 92% higher than the state median of $70,051. Compared to the national median of $78,538, household income here is 71% higher. The poverty rate stands at 3.7%. This is 69% lower than the state poverty rate of 12.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.7%. This is 37% lower than the state rate of 4.3%. The median home value is $455,500. Housing costs are 126% higher than the state median of $201,600. The home-value-to-income ratio is 3.4x. 74.6% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 70.3%.
Race & Ethnicity
The largest racial or ethnic group in Carmel city is White (non-Hispanic), making up 75.7% of the population. Asian residents account for 11.6%. The Black or African American population (3.6%) is well below the state average of 9.1%. The Asian population is significantly higher than the state average (11.6% vs 2.5%).
Education
74.5% of residents aged 25 and older hold a bachelor's degree or higher. This places Carmel city in the top 10% of all cities in the state for educational attainment. This is 159% higher than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.9%. Notably, 32.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Carmel city, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Carmel city, Indiana?
Carmel city, Indiana has a population of 100,501 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Carmel city, IN?
The median household income in Carmel city is $134,602, which is 71% higher the national median of $78,538.
What is the poverty rate in Carmel city, IN?
The poverty rate in Carmel city is 3.7%. This means approximately 3,738 residents live below the federal poverty line.
What is the racial makeup of Carmel city, Indiana?
Carmel city's population is 75.7% White, 3.6% Black, 5.0% Hispanic/Latino, and 11.6% Asian.
What is the median home value in Carmel city, IN?
The median home value in Carmel city is $455,500. The home-value-to-income ratio is 3.4x.
How educated is Carmel city, Indiana?
74.5% of adults (25+) in Carmel city hold a bachelor's degree or higher, and 32.0% hold a graduate or professional degree.