The cost of living in Carmel, Indiana (IN) is higher than the average cost of living in the state of Indiana but lower than the nationwide city average. The average annual pay in Carmel is $51,114.00, which is $6,524.00 higher than the salary average in Indiana but lower than the U.S. average yearly wages by $2,507.00.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average Carmel annual salary, sales tax rates and the regional consumer price index.
