Cost of Living in Carmel, IN
Overall index: 130 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 131 | +31% | $1,125 |
| Transportation | 98 | -2% | $3.50 |
| Food | 180 | +80% | $738 |
| Utilities | 116 | +16% | $236 |
| Healthcare | 116 | +16% | $170 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Carmel?
A single adult living comfortably in Carmel, IN needs approximately $45,500 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Carmel, IN?
The overall cost of living in Carmel, IN is 30% higher than the US national average (index: 130 where 100 = national average).
How much is rent in Carmel, IN?
Average rent for a 1-bedroom apartment in Carmel, IN is about $1,125/month.
Is Carmel, IN expensive to live in?
Yes, Carmel, IN is considered expensive (index above national average).
What salary do I need to live in Carmel, IN?
A single adult needs roughly $45,500/year to cover basic living costs in Carmel, IN.