A recent study conducted by a renowned research institute looked into the wealth of nearly 500 cities in the United States, taking into account factors such as household income, home values, the percentage of homes without a mortgage, and average credit limits. The results showed that Carmel, Indiana is one of the wealthiest cities in the Midwest, with a median family income that is almost double the national average. Additionally, the unemployment rate in Carmel is 3.0%, which is lower than the national average. In terms of rankings, Carmel was placed 22nd among the 475 richest cities in the study, while Fishers was ranked 58th.
If you're looking for a city that is close to Indianapolis but less hectic and busy than the state capital, Avon could be a great option. Carmel is often recognized as one of the best places to live in the country and has many advantages to offer its residents. However, it's important to note that living in Carmel and working in Indianapolis may require you to travel by car. Additionally, Carmel is ranked as the second richest city and Fishers ranks fifth among municipalities with a population of at least 65,000.
This could be due to the fact that many cities in Indiana are small and humble. In conclusion, Carmel is an excellent place to live that offers a clean and safe community with great schools and a vibrant city center. If you're looking for a city with all these features, then Carmel could be the perfect place for you.