Cost of Living in Carmel, NY
Population 7,222 · New York · Data vintage 2023
(100 = US avg)
Carmel sits on the smaller end of the New York city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Carmel sits roughly 25 miles northwest of Stamford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 20% lower than Stamford's $614,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Carmel
The median home value in Carmel is $491,300 — 61% above the national median of $305,000. Median rent runs $1,160/month, 12% lower than the national median of $1,314/month. The median household income of $126,224/year is 69% higher than the US median of $74,580. The local unemployment rate is 5.8%, above the national average of 4.8%. New York's top state income tax rate is 10.9% and the combined sales tax is 8.5%. The climate averages highs of 59.8°F and lows of 39.5°F. Overall, Carmel has a cost of living index of 132 versus the US average of 100, meaning it is 32% more expensive.
Carmel has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 39 | 47 | 59 | 69 | 78 | 82 | 80 | 74 | 62 | 51 | 41 |
| Low °F | 18 | 20 | 27 | 37 | 46 | 56 | 62 | 60 | 52 | 41 | 31 | 24 |
| Precip" | 3.06 | 2.69 | 3.89 | 3.74 | 3.78 | 4.48 | 4.46 | 4.62 | 4.81 | 4.48 | 3.78 | 4.24 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Carmel, NY?
Carmel has a cost index of 132 (100 = national average). It is 32% above the national average.
What is average rent in Carmel, NY?
The median gross rent in Carmel is $1,160 per month based on 2023 Census data.
What is the average home price in Carmel?
The median home value in Carmel is $491,300 according to 2023 Census ACS data.
What is the median income in Carmel?
The median household income in Carmel is $126,224 per year (2023 ACS 5-year estimates).
What is the sales tax in Carmel, NY?
The combined state and local sales tax rate in Carmel is 8.5%. The New York state income tax top rate is 10.9%.
Is Carmel, NY affordable?
Carmel is above average in cost of living, with an index of 132 — about 32% higher than the national average.
What is the weather like in Carmel?
Carmel has average high temperatures of 59.8°F and average lows of 39.5°F. Annual precipitation is 48". Data from NOAA 1991–2020 Climate Normals.
Carmel at a Glance
- Population
- 7,222
- Median Income
- $126,224
- Home Value
- $491,300
- Median Rent
- $1,160/mo
- Unemployment
- 5.8%
- Avg High Temp
- 59.8°F
- Sales Tax
- 8.5%
Nearby Cities
Explore county-level cost of living data
New York Rankings
Similar Cost Cities
Cities in other states with comparable housing costs