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.
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%).
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+
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.
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
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Carmel | 7,854 | $109,243 | $363,700 | $1,565 |
| Carmel | 7,306 | $114,954 | $488,300 | $1,150 |
| Brewster Heights | 1,196 | $144,485 | $384,300 | — |
| Brewster Hill | 2,149 | $107,875 | $464,400 | — |
| Brewster | 2,512 | $62,886 | $398,200 | $1,657 |
| Putnam Lake | 3,664 | $103,561 | $337,000 | $1,750 |
| Mahopac | 9,039 | $110,023 | $470,900 | $1,931 |
| Ball Pond | 2,627 | $130,417 | $396,100 | $1,884 |
| Peach Lake | 1,038 | $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.
Last updated: