Carmel is a city of 101,651 people in Indiana. That is roughly 97% ahead of the Indiana median. 74% of adults hold a bachelor's degree, against 36% nationally. Since 2000 the city has more than doubled, up 63,918 people. That puts it in the top 2% of US cities for household income. Households take in $141,505 a year at the median, 72% more than the country as a whole.
At a glance
Wealthier
median household income $141,505, above the US median
US median: $82,259
Mid-age
median age 40.6
US median: 38.9
More educated
74% hold a bachelor's degree
US average: 36%
Less affordable
home values up 33%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Carmel
What changed most since 1990
Population25,380 → 101,651(+301%)US over the same years: +35%
Adults with a bachelor's degree51.3% → 74.4%(+23.1 pts)US over the same years: +15.3 pts
Asian share2.3% → 11.6%(+9.3 pts)US over the same years: +3.1 pts
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)17.3%(551)
US avg: 26.4%
Gulf War (1990s)22.8%(725)
US avg: 24.3%
Vietnam era36.5%(1,164)
US avg: 33.1%
Korean War7%(223)
US avg: 4.5%
World War II0.2%(6)
US avg: 1%
Share of the 3,185 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Carmel, decade by decade
Carmel population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
25,380
$130,816
$341,290
51.3%
7.6
2000
37,733
$148,616
$366,881
58.4%
20.4
2010
79,191
$146,006
$411,863
66.0%
36.2
2020
99,757
$139,517
$427,123
71.9%
51.0
2024
101,651
$141,505
$486,800
74.4%
51.6
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
