According to World Population Review, as of 2024, the city is home to 103,093 residents. With its picturesque neighborhoods, top-rated schools, and a thriving local economy, it has grown steadily over the years. But numbers only tell part of the story. What’s really happening behind that growth?
Let’s explore the dynamics of Carmel’s population, its diversity, lifestyle, and what makes it such an attractive place to live.
Key Takeaways
- Population Growth: Carmel’s population is 103,093, growing at a sustainable 0.78% per year.
- Diversity: The population is 78.77% White, 11.34% Asian, and 5.06% multiracial.
- Economy: With a median income of $181,667 and 3.62% poverty, Carmel has a strong economy.
- Housing: Homeownership is high at 74.6%, with an average household size of 2.61.
Carmel’s Growth and Population Trends
*We collected the following data from the latest U.S. Census Bureau estimates and other government sources. Population estimates and growth rates are calculated based on the most recent data available, while income, housing, and demographic details are derived from surveys and other statistical analyses.
As we found out from the available data, Carmel has been experiencing steady growth, with a current annual growth rate of 0.78%. While it might not be the rapid surge seen in some other booming cities, this growth feels sustainable and gradual. It reflects a city that’s steadily gaining more residents while maintaining its community charm.
Racial Composition
According to Data USA, the 3 largest ethnic groups in Carmel, IN are White (Non-Hispanic), Asian (non-Hispanic), and Black or African American (non-Hispanic).
While the city is predominantly White (78.77%), it also has a significant Asian population (11.34%), followed by 5.06% who identify as being of two or more races.
| Race/Ethnicity | Percentage of Population |
| White | 78.77% |
| Asian | 11.34% |
| Two or more races | 5.06% |
Median Income and Low Poverty Rates
As stated on the Point2homes, one of Carmel’s standout features is its high median household income, which sits at $181,667. That figure speaks volumes about the economic strength of the city. The local job market has been fueled by a mixture of tech, healthcare, and education sectors, creating stable, well-paying jobs for many residents.
You may also like Indianapolis Population 2024 – A Closer Look at the Numbers
Life in Carmel – Housing and Household Sizes
Carmel is a city where homeownership is cherished. About 74.6% of homes are owner-occupied, making it clear that people don’t just move to Carmel—they settle in for the long haul. It’s easy to see why, with quiet streets, ample green space, and plenty of activities for families.
Plus, with an average household size of 2.61, Carmel seems to be a city where families thrive.
A Family-Friendly Environment
As a parent, you’ll appreciate the excellent school system, while as a kid, you’ll love all the playgrounds and community events.
Carmel’s downtown is packed with local shops, and some of the best ice cream you’ll ever taste (seriously, try the local spots).
Plus, the city’s parks and trails make it easy to get outside, whether you’re biking as a family or going on a walk with your dog.
What Draws People to Carmel?
The reasons people are drawn to Carmel are varied, but a few key factors stand out:
- Proximity to Indianapolis: Carmel is a short drive away from Indianapolis, which makes it perfect for those who want to be close to a larger city without the hustle and bustle.
- Top-notch schools: Families often move to Carmel for its highly-rated schools, which rank among the best in the state.
- Recreation opportunities: From golf courses to fitness centers, Carmel offers a wealth of recreational activities that cater to all age groups.
- Safety: Carmel consistently ranks as one of the safest cities in Indiana, which is a huge draw for families and retirees alike.
If you find this topic interesting read about Evansville Population in 2024 – 10 Things You Should Know
Where Do We Go From Here?
While growth may be steady, there’s still a focus on maintaining the quality of life that makes Carmel so attractive. The city is investing in infrastructure, making it easier for new residents to integrate while preserving the character of its neighborhoods.
🏡French Country inspired stone mansion in Carmel, Indiana.
1077.36 sqm.
Built in ‘04 on just over 2 acres with lake and golf course views. 6 beds, 6.5 bathrooms.
$2.5 million USD. What do you think? pic.twitter.com/JRu0woqgaZ— 🎩Laird of the Manor🎩 (@LairdOfTheManor) August 3, 2024
At the same time, there’s a growing focus on sustainability. Carmel is working on reducing its carbon footprint and promoting green spaces, all while making the city more walkable and bike-friendly. It’s exciting to think about what Carmel could look like in five or ten years.
Sources
1. World Population Review – Carmel, Indiana Population 2024
2. Data USA – Carmel, IN
3. Point 2 homes – Carmel, IN Demographics
