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CITY

Lake Carmel

New York · 7,854 residents · 5.225 sq mi
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The short version

Lake Carmel is significantly wealthier than the US average, with a median household income of $109,243. Population has declined 9% since 2000. Median home value has more than doubled since 2000, reaching $363,700. It ranks in the top 5% of US cities for household income. Households here earn about 27% more than the New York median.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.3
US median: 38.9
Average education
35% hold a bachelor's degree
US average: 36%
Less affordable
home values up 34%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
7,854
−9%since 2000
from 8,663 in 2000
1990 – 2024
Population density
1,503 / sq mi
−9%since 2000
from 1,658 / sq mi in 2000
US average: 281
Median age
40.3
+10%since 2000
from 36.7 in 2000
US average: 38.9
Population, 1990 – 2024
8K8K8K8K9K1990201020202024Lake Carmel
20248K
1990201020202024
Section 02

Income & economy

Median household income
$109,243
−15%inflation adjusted, since 2000
from $70,678 in 2000
US average: $82,259
1990 – 2024
Per capita income
$48,424
+78%since 2000
from $27,253 in 2000
US average: $44,673
Households earning $100K+
64.0%
+9.8 ptssince 2009
from 54.2% in 2009
US average: 53.3%
Poverty rate
8.3%
+4.5 ptssince 2000
from 3.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.428
+20%since 2010
from 0.356 in 2010
US average: 0.476
Workforce by industry, 2024
Wholesale trade10.6%
US avg: 6.9%
Retail trade7%
US avg: 9.9%
Information7%
US avg: 10.8%
Finance & insurance6.9%
US avg: 5.9%
Professional, scientific, technical5.9%
US avg: 5.1%
Other services4.7%
US avg: 6.7%
Public administration2.6%
US avg: 4.8%
Arts, entertainment, food1.3%
US avg: 1.9%
Education & health services0.9%
US avg: 0.9%
Transportation & warehousing0.8%
US avg: 2.2%
Agriculture, forestry, fishing0.4%
US avg: 1.6%
Manufacturing0.4%
US avg: 0.4%
Construction0%
US avg: 1.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$363,700
+34%inflation adjusted, since 2000
from $149,300 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,565
−9%inflation adjusted, since 2000
from $949 in 2000
US average: $1,442
Owner-occupied
85.9%
+1.9 ptssince 2000
from 84.0% in 2000
14.1% rent
Vacancy rate
5.1%
+1.8 ptssince 2009
from 3.3% in 2009
US average: 10.0%
Owner cost-burdened
25.1%
−23.6 ptssince 2009
from 48.7% in 2009
US average: 22.9%
Renter cost-burdened
79.7%
+38.6 ptssince 2009
from 41.1% in 2009
US average: 47.4%
Afford Score
3.3
+58%since 2000
from 2.1 in 2000
1990 – 2024
Gentrification Score
40
RELATED:See current rent listings in Lake Carmel on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic90.1%(7,802)
Black1.5%(126)
Hispanic / Latino6.2%(539)
Asian0.8%(67)
Other0%
Diversity Score20%(1,732)
2024
White, non-Hispanic59.4%(4,669)
Black3.9%(307)
Hispanic / Latino30.7%(2,411)
Asian1.7%(133)
Other4.3%(334)
Diversity Score68.6%(5,387)
Diversity Score
69
+243%since 2000
from 20 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
34.6%
+11.0 ptssince 2000
from 23.6% in 2000
US average: 35.6%
High school or higher
92.2%
+4.5 ptssince 2000
from 87.7% in 2000
US average: 89.6%
Graduate degree
13.0%
+3.2 ptssince 2000
from 9.9% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
35.8 min
+16%since 2000
from 30.8 min in 2000
US average: 26.5
Drive alone to work
74.7%
−2.2 ptssince 2009
from 76.9% in 2009
US average: 68.9%
Carpooled to work
10.4%
+0.2 ptssince 2009
from 10.3% in 2009
US average: 8.5%
Public transit
2.4%
−6.5 ptssince 2009
from 8.9% in 2009
US average: 3.2%
Worked from home
10.6%
+8.0 ptssince 2009
from 2.6% in 2009
US average: 15.0%
Walked to work
0.0%
−0.9 ptssince 2009
from 0.9% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
6.3%
+3.5 ptssince 2009
from 2.8% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.9%
−0.2 ptssince 2011
from 4.1% in 2011
US average: 5.2%
Labor force participation
69.0%
−1.7 ptssince 2011
from 70.7% in 2011
US average: 63.5%
Self-employed
16.7%
−3.5 ptssince 2009
from 20.2% in 2009
US average: 13.1%
Management & professional
41.9%
−19.7 ptssince 2009
from 61.6% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
−2.8 ptssince 2009
from 52.4% in 2009
Female
50.4%
+2.8 ptssince 2009
from 47.6% in 2009
Foreign born
17.3%
+7.8 ptssince 2009
from 9.5% in 2009
US average: 14.1%
Veterans
6.2%
−43.6 ptssince 2009
from 49.8% in 2009
US average: 6.2%
With a disability
10.8%
+3.4 ptssince 2012
from 7.4% in 2012
US average: 13.3%
Uninsured
3.0%
−87.7 ptssince 2013
from 90.7% in 2013
US average: 8.4%
Broadband at home
91.6%
+5.7 ptssince 2017
from 85.9% in 2017
US average: 91.0%
English only at home
75.2%
−3.1 ptssince 2016
from 78.3% in 2016
US average: 77.7%
Spanish at home
19.7%
+7.0 ptssince 2016
from 12.7% in 2016
US average: 13.6%
Drill deeper

Places similar to Lake Carmel

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Pop 7,181
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Head to head

Compare Lake Carmel to nearby cities

LAKE CARMEL VS
Mahopac
Income$110,023+1%
Home value$470,900+29%
Population9,039+15%
SEE FULL COMPARISON →
LAKE CARMEL VS
Danbury
Income$83,393−24%
Home value$411,200+13%
Population89,033+1034%
SEE FULL COMPARISON →
LAKE CARMEL VS
Jefferson Valley-Yorktown
Income$157,083+44%
Home value$591,800+63%
Population14,154+80%
SEE FULL COMPARISON →
LAKE CARMEL VS
Myers Corner
Income$105,718−3%
Home value$419,700+15%
Population10,877+38%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lake Carmel, New York?

Lake Carmel, New York has about 7,854 residents according to the 2024 American Community Survey.

What is the median household income in Lake Carmel, New York?

The typical household in Lake Carmel, New York earns about $109,243 a year. Half of households make more than that, and half make less.

Is Lake Carmel, New York expensive?

In Lake Carmel, New York, the median home is worth about $363,700, and the typical rent is about $1,565 a month.

How educated are people in Lake Carmel, New York?

About 34.6% of adults age 25 and over in Lake Carmel, New York hold a bachelor's degree or higher.

What is the poverty rate in Lake Carmel, New York?

About 8.3% of people in Lake Carmel, New York live below the federal poverty line.

Has Lake Carmel, New York grown since 1990?

Yes, Lake Carmel, New York has shrunk since 1990. The population has lost about 635 residents, a change of about -7 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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