Carmel, IN Census Data
The 6th largest city in Indiana by population · 21 cities ranked
Carmel is the 6th largest city in Indiana by population and ranks 1st of 21 for median household income. With 100,501 residents, it has a lower poverty rate than 19 other Indiana cities. This snapshot draws from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-04-13 · Source: U.S. Census Bureau, ACS 2023
Population
100,501
48.1% male · 51.9% female
Median Age
40.5
1.8 above the national average (38.7 yrs)
Median Household Income
$134,602
$56,064 above the national average ($78,538)
Bachelor's Degree or Higher
74.5%
39.5% above the national average (35.0%)
HS diploma or higher: 97.9%
Poverty Rate
3.7%
8.7% below the national average (12.4%)
Uninsured: 3.3%
Broadband Access
98.3%
8.6% above the national average (89.7%)
Median Home Value
$455,500
Median rent: $1,607 · 75% owner-occupied
Unemployment Rate
2.7%
Labor force participation: 67.7%
Per Capita Income
$70,876
Individual average income (not household)
Veteran Population
4.4%
Disability rate: 6.3%
How Carmel Compares to Other Indiana Cities
Rankings among all 21 Indiana cities tracked in the 2023 ACS.
| Ranking | Position | Tier |
|---|---|---|
| Largest by Population | 6th of 21 | Top half |
| Highest Median Income | 1st of 21 | Top 10% |
| Lowest Poverty Rate | 2nd of 21 | Top 10% |
| Highest Bachelor's Attainment | 1st of 21 | Top 10% |
| Highest Home Value | 1st of 21 | Top 10% |
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Carmel, IN Frequently Asked Questions
What is the population of Carmel, IN?
The population of Carmel, IN is 100,501 according to the 2023 American Community Survey 5-year estimates. The median age is 40.5 years.
What is the median household income in Carmel?
The median household income in Carmel, IN is $134,602, above the national average of $78,538. Per capita income is $70,876.
What is the poverty rate in Carmel?
The poverty rate in Carmel, IN is 3.7%, compared to the national average of 12.4%. About 3.3% of residents lack health insurance.
What percentage of Carmel residents have a college degree?
74.5% of adults (25+) in Carmel hold a bachelor's degree or higher, and 97.9% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Carmel?
The median home value in Carmel, IN is $455,500. Median rent is $1,607 per month, with 75% of housing units owner-occupied.
What is the racial makeup of Carmel?
Carmel's population is 77.5% White, 3.7% Black, 5.0% Hispanic or Latino, and 11.6% Asian (source: 2023 ACS).
How does Carmel rank among Indiana cities?
Carmel is the 6th largest city in Indiana by population, the 1st highest for median household income, the 2nd lowest for poverty rate, the 1st highest for bachelor's degree attainment among 21 ranked Indiana cities.
What is the unemployment rate in Carmel?
The unemployment rate in Carmel, IN is 2.7%, with a labor force participation rate of 67.7%. Per capita income is $70,876.
Cities Similar to Carmel
Other Indiana cities with comparable population and income levels.