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 | New York | Difference |
|---|---|---|---|
| Median rent | $1,499/mo | $1,714/mo | 12.5% lower in A |
| Median home value | $425,900 | $732,100 | 41.8% lower in A |
| Median household income | $132,859 | $76,607 | 73.4% higher in A |
| Groceries index | 96.3 | 103.2 | 6.6% lower in A |
| Utilities index | 91.7 | 147.4 | 37.8% lower in A |
| Transportation index | 96.9 | 100.7 | 3.8% lower in A |
| Healthcare index | 99.1 | 99.9 | 0.9% 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 $114,338 in New York to maintain your standard of living.
Climate, safety, and demographics side by side.
Carmel, IN is about 12.5% cheaper overall than New York, NY, based on our cost-of-living index. Housing costs are roughly 13% lower in Carmel than in New York. If you earn $80,000 in Carmel, you'd need about $91,470 in New York to keep the same standard of living.