Living in Carmel, Maine
Cost of living, income, home prices, rent and demographics of Carmel · Census data 2020–2024
Carmel has 2,941 residents with a median age of 46.4. The median household income is $82,188 (10% higher than the Maine median), the median home value is $256,800, the median rent is $1,276/month.
Carmel at a glance
- Population
- 2,941
- Median age
- 46.4State: 44.8
- Median household income
- $82,188State: $74,733
- Median home value
- $256,800State: $296,600
- Median rent
- $1,276/moState: $1,139
- Homeowners
- 87.9%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 25 min
Is Carmel a good place to live?
Pros: Median household income 10% higher than the Maine median; home values 13% lower than the state median; unemployment of 1.9%.
Cons: An average commute of 25 minutes; a poverty rate of 13.6%.
The weather is best in June to September.
Cost of living in Carmel
Housing is the biggest part of the cost of living. In Carmel the median home value is $256,800, 23% lower than the U.S. median. Renters pay a median of $1,276 per month, which is 32.3% of household income. Homeowners with a mortgage pay $1,716 a month in housing costs.
Carmel median household income
The median household income in Carmel is $82,188 and the income per person is $39,752. 13.6% of residents live below the poverty line (Maine: 10.7%).
Housing in Carmel: homes for sale and rent
- Housing units
- 1,362
- Owner-occupied
- 87.9%
- Renter-occupied
- 12.1%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 2.30
Carmel demographics
- Population
- 2,941
- Median age
- 46.4
- Under 18
- 18.6%
- 65 and older
- 16.5%
- Households
- 1,276
- Foreign-born
- 2.2%
- Veterans
- 14.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Carmel ›
Education in Carmel
17.2% of adults 25 and older in Carmel have a bachelor's degree or higher (Maine: 36.2%), and 4.7% have a graduate or professional degree.
Jobs and commute in Carmel
- Unemployment rate
- 1.9%State: 3.8%
- Average commute
- 25 minState: 25 min
- Work from home
- 6.5%
- Drive alone
- 74.4%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 96.5%
Carmel vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carmel | 2,941 | $82,188 | $256,800 | $1,276 |
| Hermon | 6,727 | $96,629 | $333,600 | $1,406 |
| Levant | 3,069 | $86,071 | $268,500 | $1,370 |
| Etna | 1,252 | $72,379 | $183,000 | — |
| Newburgh | 1,475 | $76,750 | $244,600 | $950 |
| Hampden | 7,896 | $111,959 | $301,300 | $1,286 |
| Stetson | 1,151 | $76,023 | $205,700 | $800 |
| Kenduskeag | 1,333 | $79,792 | $177,900 | $1,033 |
| Dixmont | 1,207 | $75,952 | $190,700 | $1,348 |
More for people moving to Carmel
Carmel ZIP code ›Weather and climate ›Living in Carmel: FAQ
What is the median household income in Carmel, ME?
The median household income in Carmel is $82,188, 10% higher than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Carmel?
The median home value in Carmel is $256,800, compared with $296,600 in Maine.
How much is rent in Carmel?
The median gross rent in Carmel is $1,276 per month, about 32.3% of household income.
Is Carmel, ME a good place to live?
Pluses: median household income 10% higher than the Maine median; home values 13% lower than the state median; unemployment of 1.9%. Minuses: an average commute of 25 minutes; a poverty rate of 13.6%.
What is the median age in Carmel?
The median age in Carmel is 46.4 years (Maine: 44.8).
How long is the commute in Carmel?
The average commute to work in Carmel is 25 minutes; 6.5% of workers work from home.
What is the unemployment rate in Carmel?
The unemployment rate in Carmel is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carmel?
17.2% of adults in Carmel have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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