Cost of Living in Carmel, IN - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,063 (excluding rent), and $2,562 including rent.

Family of 3: Estimated monthly costs are $2,770 (excluding rent), and $4,896 including rent.

Meal at Budget Restaurant

$25.24 $25.24

$15.14 $15.14

$50.5 $50.5

Three-Course Dinner for Two, Mid-Range

$74.1 $74.1

$43.48 $43.48

$98.8 $98.8

Fast Food Meal (McDonalds, etc)

$11.02 $11.02

$8.01 $8.01

$13.80 $13.80

Cappuccino

$4.87 $4.87

$4.10 $4.10

$8.21 $8.21

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.77 $2.77

$2.04 $2.04

$4.08 $4.08

Water (0.33 liter bottle)

$2.07 $2.07

$1.54 $1.54

$4.11 $4.11

Local Beer (0.5 liter draught)

$6.04 $6.04

$4.02 $4.02

$8.05 $8.05

Imported Beer (0.33 liter bottle)

$6.57 $6.57

$6.07 $6.07

$10.11 $10.11

Milk (1 liter)

$0.76 $0.76

$0.65 $0.65

$1.04 $1.04

White Bread (500g)

$2.66 $2.66

$1.08 $1.08

$4.33 $4.33

Rice (white) (1kg)

$4.71 $4.71

$1.61 $1.61

$6.44 $6.44

Eggs

$3.53 $3.53

$1.35 $1.35

$6.03 $6.03

Local Cheese (1kg)

$9.80 $9.80

$6.78 $6.78

$18.10 $18.10

Chicken Fillets (1kg)

$10.78 $10.78

$4.38 $4.38

$15.29 $15.29

Beef Round Steak (1kg)

$14.39 $14.39

$8.30 $8.30

$19.69 $19.69

Apples (1kg)

$5.23 $5.23

$1.33 $1.33

$8.90 $8.90

Banana (1kg)

$1.56 $1.56

$0.85 $0.85

$3.63 $3.63

Oranges (1kg)

$4.58 $4.58

$1.09 $1.09

$8.66 $8.66

Tomato (1kg)

$4.14 $4.14

$1.07 $1.07

$8.76 $8.76

Potato (1kg)

$2.35 $2.35

$0.63 $0.63

$3.80 $3.80

Onion (1kg)

$2.66 $2.66

$1.11 $1.11

$4.46 $4.46

Lettuce (1 head)

$1.85 $1.85

$1.02 $1.02

$3.59 $3.59

Water (1.5 liter bottle)

$2.07 $2.07

$0.98 $0.98

$2.95 $2.95

Cigarettes 20 Pack (Marlboro, Camel)

$8.75 $8.75

$7.05 $7.05

$20.41 $20.41

Wine (Bottle)

$15.53 $15.53

$9.96 $9.96

$19.91 $19.91

Local Beer (0.5 liter bottle)

$2.06 $2.06

$1.69 $1.69

$2.77 $2.77

Imported Beer (0.33 liter bottle)

$3.96 $3.96

$1.23 $1.23

$5.11 $5.11

One-way Ticket (Public Transport)

$2.29 $2.29

$2.11 $2.11

$2.46 $2.46

Taxi Start (Normal Tariff)

$2.03 $2.03

$5.07 $5.07

Taxi (Normal Tariff) (1km)

$1.44 $1.44

$3.20 $3.20

Taxi 1hour Waiting (Normal Tariff)

$34.65 $34.65

$24.46 $24.46

$34.65 $34.65

Gasoline (1 liter)

$0.90 $0.90

$0.74 $0.74

$1.03 $1.03

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$24.9K $24.9K

$23.5K $23.5K

$36.1K $36.1K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$23.4K $23.4K

$20.3K $20.3K

$25.9K $25.9K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$234 $234

$158 $158

$346 $346

SIM Card Monthly Plan (Calls and 10GB+ Data)

$62.6 $62.6

$29.56 $29.56

$98.5 $98.5

Internet (50+ Mbps, Unlimited Data)

$66.9 $66.9

$50.3 $50.3

$90.6 $90.6

Gym Membership (Monthly)

$69.0 $69.0

$49.27 $49.27

$88.7 $88.7

Tennis Court (1 Hour on Weekend)

$32.28 $32.28

Cinema Ticket

$12.39 $12.39

$9.91 $9.91

$19.83 $19.83

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,770 $1,770

$1,419 $1,419

$2,103 $2,103

International Primary School, 1 Child (Yearly)

$27.0K $27.0K

$39.5K $39.5K

Jeans (Levis 501 Or Similar)

$47.94 $47.94

$30.28 $30.28

$90.3 $90.3

Summer Dress (H&M, Zara, etc)

$40.57 $40.57

$11.87 $11.87

$89.0 $89.0

Sport Shoes (Adidas, Nike)

$87.4 $87.4

$60.7 $60.7

$127 $127

Men's Leather Business Shoes

$107 $107

$40.16 $40.16

$201 $201

1-bedroom Apartment, City Center (Monthly)

$1,516 $1,516

$1,017 $1,017

$2,645 $2,645

1-bedroom Apartment, Outside City Center (Monthly)

$1,232 $1,232

$985 $985

$1,971 $1,971

3-bedroom Apartment, City Center (Monthly)

$2,565 $2,565

$2,035 $2,035

$4,274 $4,274

3-bedroom Apartment, Outside City Center (Monthly)

$1,916 $1,916

$1,692 $1,692

$3,782 $3,782

Buy Apartment in City Center (m2)

$1,865 $1,865

$1,699 $1,699

$2,178 $2,178

Buy Apartment Outside City Center (m2)

$1,769 $1,769

$1,611 $1,611

$2,135 $2,135

Average Monthly Net Salary (After Tax)

$6,236 $6,236

20-Year Fixed Mortgage Interest Rate (Annual %)

6.56

6.19

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update: January 12, 2026

Carmel, IN Median Internet Speeds (Updated December 2025)

Mobile

Mbps

Fixed Broadband

354

Mbps

155

Mbps

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

City tags:

🌎 North america

Cost of Living in Carmel, IN - Frequently Asked Questions

Carmel tends to balance affordability with quality of life for a Midwest town: you’ll find a steady mix of housing, dining, and services that don’t push budgets to coastal levels. The Cost of Living in Carmel, IN, United States is generally moderate for the region, with choices ranging from affordable rentals to newer, well-equipped homes in family-friendly neighborhoods. You can stretch your dollars by choosing walkable areas, shopping at farmers markets, and using local transit or bike routes. Seasonality affects energy use and leisure costs, but everyday needs remain predictable. Tip: set a simple monthly budget and track major categories to stay on track.

For daily life, you can find a range of housing – from newer subdivisions to comfortable townhomes – without straying far from essential amenities. Grocery stores, farmers markets, and diverse dining keep meals convenient and relatively affordable for a suburban area. When it comes to transport, a car is common, but there are bike-friendly streets and walkable village centers near the downtown area; commuting to Indianapolis is feasible if you need city access. Co-working spaces and cafes support remote work, with reliable internet across most neighborhoods. Note Carmel, IN, United States living cost helps you map how everyday expenses stack up against other spots. Tip: pick a neighborhood that fits your pace and daily routine.

Quality of life hinges on a practical budgeting framework and neighborhood fit. Try a simple 50/30/20 approach where housing and transportation take priority while leaving room for experiences. You’ll appreciate well-planned suburbs with parks, trails, and a compact downtown that hosts markets and events. Seasonality shapes energy needs, wardrobe, and recreation calendars, so build a buffer for heating or cooling. In Carmel you can explore walkable centers and family-friendly streets that suit different rhythms, from quiet mornings to weekend outings. Tip: map a few candidate neighborhoods against your daily patterns to test comfort before you commit.