Is Carmel, Indiana a Wealthy Area?

Carmel, Indiana is one of the wealthiest cities in the Midwest of the United States. With a median family income almost double the national average and plenty of job opportunities, it's an attractive place to live for those looking for a career in technology.

Is Carmel, Indiana a Wealthy Area?

Carmel, Indiana is one of the wealthiest cities in the Midwest of the United States. A recent study looked at nearly 500 cities and considered household income, home values, the percentage of homes without a mortgage, and average credit limits. The median family income in Carmel is almost double the national average, making it one of the richest cities in the region. The unemployment rate in Carmel is 3.0%, and the labor market has grown by 2.5% over the past year.

Future employment growth over the next ten years is expected to be 43.8%, higher than the US average of 33.5%. Carmel is a decent-sized city, but it doesn't have a public transportation system. If you're looking for a place to live that's a little less hectic than the state capital, Avon could be your perfect match. Year-round, there's the Monon Greenway, an asphalt trail that stretches for five miles in Carmel and is perfect for running, biking and dog watching (pets allowed).

Carmel is ranked as the second richest city in Indiana and Fishers ranks fifth among municipalities with a population of at least 65,000. It's also interesting that Carmel has more people living here who work on computers and mathematics than 95% of places in the United States. Carmel is a decidedly working-class city, with 92.93% of the workforce employed in white-collar jobs, well above the national average. With a population of 99,757 people and 19 constituent neighborhoods, Carmel is the fifth largest community in Indiana.

Carmel real estate is some of the most expensive in Indiana, although it doesn't compare to the most expensive properties in the United States.Overall, Carmel is an affluent area with a high median family income and plenty of job opportunities. It's also home to many people who work on computers and mathematics, making it an attractive place to live for those looking for a career in technology.

Lorene Batteiger
Lorene Batteiger

Unapologetic web scholar. Lifelong zombie ninja. Certified travel evangelist. General pizza aficionado. Devoted beer ninja. Unapologetic travel advocate.

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