Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Carmel, IN Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

101,651

Median Agei

40.6

Race & Ethnicityi

White

75.4%76,606

Asian

11.6%11,807

Hispanic/Latino

5.5%5,572

Two or More

3.8%3,857

Black

3%3,087

Other

0.7%691

American Indian/Alaska Native

0%21

Native Hawaiian/Pacific Islander

0%10

Educational Attainment (Age 25+)i

GED/Alternative

0.9%644

High School Diploma

6.9%4,748

Some College (<1 yr)

3%2,049

Some College (1+ yr)

7.8%5,347

Associate's Degree

4.7%3,245

Bachelor's Degree

42.6%29,168

Master's Degree

20.5%14,021

Professional Degree

6.8%4,652

Doctorate

4.4%3,035

HS or Higher

97.8%

BA or Higher

74.4%

Graduate+

31.7%

Housingi

Median Home Valuei

$486,800

Median Renti

$1,712

Tenure

Owner-Occupied

74.3%28,551

Renter-Occupied

25.7%9,875

Total Units

40,859

Homeownership

74.3%

Vacancy Rate

Home Values

Under $50K

1.1%306

$50K–$100K

0.5%150

$100K–$150K

0.7%212

$150K–$200K

1.9%537

$200K–$300K

8.7%2,490

$300K–$500K

40%11,427

$500K–$1M

39.1%11,163

$1M+

7.9%2,266

Rent Distribution

Under $500

$500–$750

$750–$1,000

196

$1,000–$1,250

854

$1,250–$1,500

2,079

$1,500–$2,000

3,863

$2,000+

2,614

Year Built

2020 or later

3.8%1,572

2010–2019

19%7,759

2000–2009

22%8,980

1990–1999

20.9%8,538

1980–1989

12.5%5,122

1970–1979

12.1%4,926

1960–1969

4.7%1,928

1950–1959

3%1,225

1940–1949

1%427

1939 or earlier

0.9%382

Heating Fuel

Utility Gas

66%25,359

Electricity

32.9%12,634

Bottled/LP Gas

0.7%287

Other

0.2%70

No Fuel

0.1%40

Wood

0.1%22

Fuel Oil

0%14

Economyi

Median Household Incomei

$141,505

Mean Household Incomei

$191,688

Per Capita Incomei

$73,549

Poverty Ratei

3.9%

Unemploymenti

2.7%

Labor Forcei

55,723

Household Income Distribution

Under $10K

2.2%838

$10K–$15K

0.7%280

$15K–$20K

0.8%316

$20K–$25K

1.2%447

$25K–$30K

1.2%443

$30K–$35K

1.1%435

$35K–$40K

1.9%721

$40K–$45K

2%786

$45K–$50K

2.5%969

$50K–$60K

3.9%1,517

$60K–$75K

7.4%2,857

$75K–$100K

10.4%4,000

$100K–$125K

9.4%3,593

$125K–$150K

7.7%2,969

$150K–$200K

13.1%5,028

$200K+

34.4%13,227

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

Residentsi

Avg. Tenant Renti

$409/mo

Avg. Waitlisti

2 months

Programs in this community

Housing Choice Vouchers55 homes87% occupied$409/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Household Incomei

Based on area median of $141,505/yr

Extremely low incomeUnder $42K/yr

82%

Very low income$42K–$71K/yr

18%

Who Receives This Housing

60% of subsidized households are headed by a single mother

34% of subsidized households are minority

50% of subsidized households include someone with a disability

6% of subsidized households include a senior (62+)

Ancestry & Heritage

Self-reported ancestry groups. Residents may report multiple ancestries, so totals may exceed 100%.

Foreign-Born Populationi

Foreign-Borni

14,31614.1%

By Region

Top Countries

India

3,505

China

2,084

Korea

579

Canada

415

United Kingdom

389

Mexico

344

Philippines

258

Germany

144

Commute & Transportationi

Workersi

53,591

Avg. Commutei

24.6 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

54,101

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

3,185(4.2% of civilian adults)

Health Insurancei

96.7%Insured

3.3%Uninsured