Living in Lake Carmel, New York

Cost of living, income, home prices, rent and demographics of Lake Carmel · Census data 2020–2024

Lake Carmel has 7,854 residents with a median age of 40.3. The median household income is $109,243 (27% higher than the New York median), the median home value is $363,700, the median rent is $1,565/month.

Lake Carmel at a glance

Population
7,854
Median age
40.3State: 39.8
Median household income
$109,243State: $85,974
Median home value
$363,700State: $423,800
Median rent
$1,565/moState: $1,621
Homeowners
85.9%
Bachelor's degree or higher
34.6%
Average commute
36 min

Is Lake Carmel a good place to live?

Pros: Median household income 27% higher than the New York median; home values 14% lower than the state median; unemployment of 3.9%; a poverty rate of 8.3%.

Cons: An average commute of 36 minutes.

The weather is best in June to September.

Cost of living in Lake Carmel

Housing is the biggest part of the cost of living. In Lake Carmel the median home value is $363,700, 9% higher than the U.S. median. Renters pay a median of $1,565 per month, which is 39.9% of household income. Homeowners with a mortgage pay $2,634 a month in housing costs.

Median home value

Lake Carmel$363,700
New York$423,800
United States$332,700

Median monthly rent

Lake Carmel$1,565
New York$1,621
United States$1,413

Lake Carmel median household income

The median household income in Lake Carmel is $109,243 and the income per person is $48,424. 8.3% of residents live below the poverty line (New York: 14%).

Median household income

Lake Carmel$109,243
New York$85,974
United States$80,734

Housing in Lake Carmel: homes for sale and rent

Housing units
2,946
Owner-occupied
85.9%
Renter-occupied
14.1%
Vacant
5.1%Includes seasonal homes
Median year built
1957
Average household size
2.81

Lake Carmel demographics

Population
7,854
Median age
40.3
Under 18
22.7%
65 and older
14.3%
Households
2,795
Foreign-born
17.3%
Veterans
6.2%Adults 18+

Race and ethnicity

White62%
Hispanic or Latino30.7%
Black6%
Asian1.7%

Hispanic or Latino can be of any race. Population history of Lake Carmel ›

Education in Lake Carmel

34.6% of adults 25 and older in Lake Carmel have a bachelor's degree or higher (New York: 40.2%), and 13% have a graduate or professional degree.

Bachelor's degree or higher

Lake Carmel34.6%
New York40.2%
United States35.7%

Jobs and commute in Lake Carmel

Unemployment rate
3.9%State: 6.4%
Average commute
36 minState: 33 min
Work from home
10.6%
Drive alone
74.7%
Public transit
2.4%
Walk to work
0%
Homes with broadband
91.6%

Lake Carmel vs nearby towns

TownPopulationMedian incomeHome valueRent
Lake Carmel7,854$109,243$363,700$1,565
Carmel7,306$114,954$488,300$1,150
Brewster Heights1,196$144,485$384,300—
Brewster Hill2,149$107,875$464,400—
Brewster2,512$62,886$398,200$1,657
Putnam Lake3,664$103,561$337,000$1,750
Mahopac9,039$110,023$470,900$1,931
Ball Pond2,627$130,417$396,100$1,884
Peach Lake1,038$147,083$513,800$2,157

More for people moving to Lake Carmel

Lake Carmel ZIP code ›Weather and climate ›

Living in Lake Carmel: FAQ

What is the median household income in Lake Carmel, NY?

The median household income in Lake Carmel is $109,243, 27% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

What is the average home price in Lake Carmel?

The median home value in Lake Carmel is $363,700, compared with $423,800 in New York.

How much is rent in Lake Carmel?

The median gross rent in Lake Carmel is $1,565 per month, about 39.9% of household income.

Is Lake Carmel, NY a good place to live?

Pluses: median household income 27% higher than the New York median; home values 14% lower than the state median; unemployment of 3.9%; a poverty rate of 8.3%. Minuses: an average commute of 36 minutes.

What is the median age in Lake Carmel?

The median age in Lake Carmel is 40.3 years (New York: 39.8).

How long is the commute in Lake Carmel?

The average commute to work in Lake Carmel is 36 minutes; 10.6% of workers work from home.

What is the unemployment rate in Lake Carmel?

The unemployment rate in Lake Carmel is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

How educated is Lake Carmel?

34.6% of adults in Lake 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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