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Lake Carmel, New York Demographics & Population 2026

During the 2020–2024 ACS period, Lake Carmel, New York had a total population of 7,854, the 247th largest community in New York, with a median household income of $109,243, which is 27% higher than the state average. The poverty rate is 8.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Lake Carmel Quick Facts

Population 7,854
Median Household Income $109,243
Median Home Value $363,700
Poverty Rate 8.3%
Unemployment Rate 3.9%
Median Age 40.3 years
Homeownership Rate 85.9%
Affordability Ratio 3.3x
Bachelor's Degree or Higher 34.6%
High School Graduation Rate 92.2%
Diversity Index 55/100
Population 7,854 247th of 1,289
Median Income $109,243 above average
Poverty Rate 8.3% 34% lower than national
Median Home Value $363,700 above average

How Lake Carmel Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population8,0907,854-2.9%
Median household income$121,402$109,243-10.0%
Median home value$357,500$363,700+1.7%

How Lake Carmel Compares

Economy & Housing

Household Income Distribution

Under $25K 15.2%
$25K-$50K 10.1%
$50K-$100K 20.7%
$100K+ 54.1%
Detailed income brackets
Under $10K
3.1%
$10K-$15K
5.1%
$15K-$20K
1.9%
$20K-$25K
5.1%
$25K-$30K
1.2%
$30K-$35K
0.2%
$35K-$40K
3.4%
$40K-$45K
1.9%
$45K-$50K
3.3%
$50K-$60K
7.5%
$60K-$75K
3.3%
$75K-$100K
9.9%
$100K-$125K
6.6%
$125K-$150K
9.9%
$150K-$200K
18.0%
$200K+
19.6%

Employment

3.9% Unemployment Rate State: 6.4%|National: 5.2%
69.0% Labor Force Participation

Housing Overview

Owner 85.9%
Renter 14.1%
Affordability Index Affordable
3.3x home value to income ratio
Median gross rent $1,565/mo 17.2% of median household income annually

People & Demographics

Diversity Index

55out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 65 | National average: 61

Education

Lake Carmel Rankings in New York

#247 Population of 1,289
#389 Median Income of 1,219
#626 Education of 1,288
#460 Home Value of 1,232

Other Cities in Putnam County

CityPopulationMedian IncomePovertyHome Value
Mahopac 9,039 $110,023 4.5% $470,900
Carmel 7,306 $114,954 8.8% $488,300
Putnam Lake 3,664 $103,561 9.0% $337,000
Brewster 2,512 $62,886 14.4% $398,200
Brewster Hill 2,149 $107,875 16.0% $464,400
Cold Spring 1,863 $117,292 4.5% $600,100
Brewster Heights 1,196 $144,485 7.9% $384,300
Nelsonville 714 $153,750 2.9% $599,700

Cities Similar to Lake Carmel

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Colonie7,702$103,983$285,40035.7%7.4%
Binghamton University7,449N/AN/A0.0%N/A
Port Jefferson Station7,676$120,734$507,90041.7%9.8%
Oyster Bay7,308$111,264$695,50046.1%7.4%
Baywood8,176$118,750$456,50025.2%7.9%

Population Overview

Lake Carmel is a small city located in New York, within Putnam County. The total population is 7,854. It ranks as the 247th most populous out of 1,289 Census-designated places in New York.

Age Demographics

The median age in Lake Carmel is 40.3 years. This is 1% higher than the state median of 39.8 years.

Economy, Income & Housing

The median household income in Lake Carmel is $109,243. This is 27% higher than the state median of $85,974. It is also 35% higher than the national median of $80,734. The poverty rate stands at 8.3%. This is 41% lower than the state poverty rate of 14.0%. The unemployment rate is 3.9%. This is 39% lower than the state rate of 6.4%. The median home value is $363,700. Housing costs are 14% lower than the state median of $423,800. The home-value-to-income ratio is 3.3x. 85.9% of occupied housing units are owner-occupied. This homeownership rate is 58% higher than the state average of 54.4%.

Race & Ethnicity

The largest racial or ethnic group in Lake Carmel is White (non-Hispanic), making up 59.5% of the population. Hispanic or Latino residents account for 30.7%. The Black or African American population (3.9%) is well below the state average of 13.4%. The Hispanic or Latino population is significantly higher than the state average (30.7% vs 19.8%). The Asian population (1.7%) is well below the state average of 9.0%.

Education

34.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% lower than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.2%.

Data Sources & Methodology

All demographic data for Lake Carmel, New York is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lake Carmel, New York?

Lake Carmel, New York has a population of 7,854 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake Carmel, NY?

The median household income in Lake Carmel is $109,243, which is 35% higher than the national median of $80,734.

What is the poverty rate in Lake Carmel, NY?

The poverty rate in Lake Carmel is 8.3%. This means approximately 648 residents live below the federal poverty line.

What is the racial makeup of Lake Carmel, New York?

Lake Carmel's population is 59.5% White, 3.9% Black, 30.7% Hispanic/Latino, and 1.7% Asian.

What is the median home value in Lake Carmel, NY?

The median home value in Lake Carmel is $363,700. The home-value-to-income ratio is 3.3x.

How educated is Lake Carmel, New York?

34.6% of adults (25+) in Lake Carmel hold a bachelor's degree or higher, and 13.0% hold a graduate or professional degree.