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 | Carmel | Homestead | Difference |
|---|---|---|---|
| Median rent | $1,499/mo | $1,527/mo | 1.8% lower in A |
| Median home value | $425,900 | $316,200 | 34.7% higher in A |
| Median household income | $132,859 | $57,739 | 130.1% higher in A |
| Groceries index | 94.9 | 102.1 | 7.0% lower in A |
| Utilities index | 88.0 | 96.5 | 8.8% lower in A |
| Transportation index | 98.5 | 106.5 | 7.6% lower in A |
| Healthcare index | 99.1 | 104.8 | 5.4% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Carmel, you'd need $125,155 in Homestead to maintain your standard of living.
Climate, safety, and demographics side by side.
Carmel, IN is about 20.1% cheaper overall than Homestead, FL, based on our cost-of-living index. Housing costs are roughly 33% lower in Carmel than in Homestead. If you earn $80,000 in Carmel, you'd need about $100,124 in Homestead to keep the same standard of living.