Carmel ranked No. 1 City to live in by 24/7 Wall Street

The City of Carmel has been named the No. 1 City in America to live in, according to a new survey by 24/7 Wall Street, a content provider for USA Today, the national media company. In a story posted today at usatoday.com, Carmel ranked highest in an index of more than three dozen socioeconomic measures used to compare the cities.

The article stated: “Sometimes, we live in a place simply because it is where we grew up — it is familiar and where we feel at ease. Still, a range of factors can help compare U.S. cities objectively. Low crime, a healthy economy and affordability are just a few examples of universally desirable attributes in any community.”

“The results of this statistical analysis show us that we are on the right track by investing in our community and providing amenities that have helped us succeed on a number of levels,” said Carmel Mayor Jim Brainard. “We have always strived to do things differently in Carmel, to be innovative in our approach to the quality of life and its importance to economic development, which is why we continue to be recognized nationally while keeping our tax rates the lowest of any major city in Indiana.”

Carmel ranked No. 1 based on several factors, including its median home value, low poverty rate and a top-10 showing in the percentage (69.7 %) of residents with at least a bachelor’s degree. According to 24/7 Wall St.’s analysis, “there is no better city to live in the United States than Carmel, Indiana. People who live there are healthy, wealthy, and well educated — almost 70% of the adult population has a bachelor’s degree. Carmel is also one of the safest places in the country.”

Carmel was also noted for being relatively inexpensive, making the already high incomes of its residents go even further. The typical household earns $113,194 per year, but because goods and services cost only about 90 cents on the dollar in Carmel compared to the national average, the effective median household income is equivalent to more than $125,000 when adjusted for cost of living, the article stated.

Read the USA Today story here.

See the entire report here.