Carmel, NY
Full City Profile · New York · Putnam County County
4.0
/5.0
A
Great
7,222
Population
782/sq mi density
$126,224
Median Income
$52,888 per capita
$491,300
Home Value
$596,552 Zillow
$1,160
Median Rent
23.8% income on rent
48°F
Avg Temperature
271 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.8 / 5.0
$126,224 median income, 3.1% unemployment
A
Affordability
4.5 / 5.0
$491,300 home value, $1,160/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A
Education
4.1 / 5.0
38.8% bachelor's degree or higher
Income Overview
Median Household Income
$126,224
68% above
US avg: $75,149
Per Capita Income
$52,888
35% above
US avg: $39,052
Unemployment Rate
3.1%
14% below
US avg: 3.6%
Poverty Rate
3.5%
72% below
US avg: 12.4%
Income Comparison: Carmel vs. U.S. Average
Each bar shows Carmel’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$126,224
168%
Per Capita
US: $39,052
$52,888
135%
IRS Avg AGI
US: $72,000
$112,316
156%
Avg Weekly Wage
US: $1,432
$1,299
91%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,299
9% below US avg ($1,432)
Mean Commute Time
42 min
51% above US avg (28 min)
Work From Home
11.4%
25% below US avg (15.2%)
Drive Alone
71.4%
3% below US avg (73.2%)
Public Transit
5.9%
19% above US avg (5.0%)
County GDP
$5,494M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
71.4%
Public Transit
5.9%
Work From Home
11.4%
Other
11.3%
Average commute time
42 minutes
US avg: 28 min
Business Landscape
Total Establishments
3,328
Restaurants
222
Healthcare
245
Retail
298
Manufacturing
66
Tax & Financial
IRS Avg Adjusted Gross Income
$112,316
56% above US avg ($72,000)
Avg Property Tax
$13,245
278% above US avg ($3,500)
Cost of Living Index
107.9
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $126,224 |
| Per Capita Income | $52,888 |
| IRS Avg Adjusted Gross Income | $112,316 |
| Avg Weekly Wage | $1,299 |
| County GDP | $5,494M |
Hardship Indicators
| Unemployment Rate | 3.1% |
| Poverty Rate | 3.5% |
| Gini Coefficient | 0.417 |
| Cost of Living Index | 107.9 |
Commute
| Mean Commute | 42 minutes |
| Drive Alone | 71.4% |
| Public Transit | 5.9% |
| Work From Home | 11.4% |
Businesses
| Total Establishments | 3,328 |
| Restaurants | 222 |
| Healthcare | 245 |
| Retail | 298 |
| Manufacturing | 66 |
Tax
| IRS Avg AGI | $112,316 |
| Avg Property Tax | $13,245 |
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