City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Anderson | Carmel | Difference |
|---|---|---|---|
| Median rent | $873/mo | $1,499/mo | 41.8% lower in A |
| Median home value | $101,700 | $425,900 | 76.1% lower in A |
| Median household income | $44,974 | $132,859 | 66.1% lower in A |
| Groceries index | 94.9 | 94.9 | ≈ equal |
| Utilities index | 88.0 | 88.0 | ≈ equal |
| Transportation index | 98.5 | 98.5 | ≈ equal |
| Healthcare index | 99.1 | 99.1 | ≈ equal |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Anderson, you'd need $119,196 in Carmel to maintain your standard of living.
Climate, safety, and demographics side by side.
Anderson, IN is about 16.1% cheaper overall than Carmel, IN, based on our cost-of-living index. Housing costs are roughly 38% lower in Anderson than in Carmel. If you earn $80,000 in Anderson, you'd need about $95,357 in Carmel to keep the same standard of living.