CarmelIndiana

Carmel Population Demographics

According to US population projections for 2022, the estimated population of Carmel is 100,780. 24.11% is under 18, while 18.01% is over 65.

A closer look at the age demography reveals that 4.93% of the population was five years old or younger, 24.11% were 18 years or younger and 32.58% were aged 65 years and over. The gender split in the state was nearly even, with 52.05% female and 47.95% male.

Carmel Housing

According to the US Census, Carmel has 42,773 housing units. The average owner-occupied housing unit rate in Carmel was 93.50%. At the same time, the city's median value of owner-occupied homes was $391,300

Carmel Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 88.57% of Carmel's population. Residents of the city who were Black Or African American Alone, made up 3.34% of the total population.

Other racial groups include Some Other Race Alone, constituting 1.41% of the city's population and White Black Or African American at 0.75%

How Educated is Carmel

According to Census estimates, in 2021, 42.3% of Carmel residents had a bachelor's degree, while 31.4% had a graduate or professional degree.

Overall, 73.70% of residents have a bachelor's degree or higher.

Average Income in Carmel

The median household income in Carmel is $106,990. This figure is significantly (approximately 0.00%) less than the state average of $106,990.

Estimates by family type revealed that families earned an average of $155,115 per year, while married-couple families earned an average of $165,344.

A closer examination of the income groups of Carmel households revealed that the largest income group consisted of households with an annual income between $200,000. Other groups with yearly high household incomes include those between $100,000 and $149,999 (17.7%) and those with incomes exceeding $200,000 (25.0%). 3.5% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family