At a Glance
Median Income
$121,402
$48,205 per capita
Home Value
$357,500
Zillow: $512,017
Median Rent
$1,479/mo
39.2% of income on rent
Bachelor's Degree+
39.1%
92.7% high school+
Unemployment
2.8%
6.5% poverty rate
Obesity Rate
28.6%
10.8% smoking rate
How Lake Carmel Compares to the U.S. Average
Each bar shows Lake Carmel's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Lake Carmel a Good Place to Live?
A+
4.6 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Lake Carmel residents earn a median household income of $121,402 , which is 62% above the national average of $75,149.
Per capita income is $48,205. The unemployment rate stands at 2.8% (22% below the U.S. rate of 3.6%). 6.5% of residents live below the poverty line. The area is home to 3,328 business establishments, including 222 restaurants.
Housing & Cost of Living
The median home value in Lake Carmel is $357,500 , 27% above the national median of $281,900.
Zillow estimates the typical home at $512,017. Median rent is $1,479/month, with 39.2% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1955.
Education
39.1% of adults in Lake Carmel hold a bachelor's degree or higher
(16% above the national average).
92.7% have completed high school. Local schools score 6.4/10 in standardized testing.
Climate & Weather
Lake Carmel has an average annual temperature of 48°F (9°C).
Winters average 25°F in January while summers reach 70°F in July. Annual precipitation totals 50.4 inches. Air quality is rated Good with a median AQI of 33.
Data Overview
People
Population8,090
Median Age42.4 yrs
Density1,547/mi²
Male / Female50% / 50%
Foreign Born16.0%
Veterans6.3%
Economy
A+
Median Income$121,402
Per Capita$48,205
Unemployment2.8%
Poverty6.5%
County GDP$5,494M
Avg Weekly Wage$1,299
Housing
A+
Home Value$357,500
Rent$1,479
Ownership86.8%
Zillow$512,017
Housing Units3,106
Rent Burden39.2%
Health
Obesity28.6%
Diabetes8.3%
Smoking10.8%
Heart Disease4.7%
Premature Death4,624/100K
Climate
Avg Temp48°F
Rain50.4 in/yr
AQI33 (Good)
Elevation621 ft
Education
A
Bachelor's+39.1%
High School+92.7%
Graduate+14.1%
School Score6.4/10
Community
2024 VoteR 57% / D 43%
Commute39 min
Broadband90.6%
Internet Speed185 Mbps
EV Stations1
Libraries8
Did You Know?
The median home in Lake Carmel was built in 1955.
The nearest airport is Hudson Valley Regional (16 miles).
The Gini coefficient (income inequality) is 0.417 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
12.6% of the population has a disability.
16.0% of residents are foreign-born.
Average internet download speed is 185 Mbps.
There are 222 restaurants in the area.
The county recorded 11 fatal vehicle crashes.