Carmel is a prosperous area, and with that wealth comes great infrastructure. A study conducted by a renowned research firm looked at nearly 500 cities and took into account factors such as household income, home values, the percentage of homes without a mortgage, and average credit limits. The city is home to the Monon Greenway, an asphalt trail that stretches for five miles and is perfect for running, biking and dog watching (pets allowed). Carmel is ranked as the second wealthiest city in the study, while Fishers ranks fifth among municipalities with a population of at least 65,000.
It is located 120 miles south of San Francisco, one of the most expensive real estate markets in the United States. Large tracts of real estate are scarce in Carmel and Fishers, driving up the cost of remaining land and pushing growth towards Noblesville and Westfield. Nationally, Carmel ranked 22nd and Fishers is ranked 58th among the 475 richest cities in the study. Clint Eastwood still lives in Carmel and is primarily responsible for establishing the city's children's library, located on the corner of Mission and 6th.