Most Expensive Carmel Neighborhoods
Carmel is a very small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 3,876 people and five constituent neighborhoods, Carmel is the 551st largest community in California.
Carmel home prices are not only among the most expensive in California, but Carmel real estate also consistently ranks among the most expensive in America.
Carmel is a decidedly white-collar city, with fully 89.43% of the workforce employed in white-collar jobs, well above the national average. Overall, Carmel is a city of professionals, sales and office workers and managers. There are especially a lot of people living in Carmel who work in sales jobs (18.00%), healthcare (10.84%) and office and administrative support (9.54%).
Of important note, Carmel is also a city of artists. Carmel has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Carmel’s character.
Also of interest is that Carmel has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.97% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Carmel is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
One of the nice things about Carmel is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
If knowledge is power, Carmel is a pretty powerful place. 57.58% of the adults in Carmel have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Carmel in 2010 was $45,928, which is wealthy relative to California and the nation. This equates to an annual income of $183,712 for a family of four. However, Carmel contains both very wealthy and poor people as well.
The people who call Carmel home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Carmel residents report their race to be White, followed by Asian. Important ancestries of people in Carmel include English, German, Irish, French, Scots-Irish and Italian.
The most common language spoken in Carmel is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||1,750|
|CARMEL HOME OWNERSHIP|
|% OWNER OCCUPIED||64.85%|
|% RENTER OCCUPIED||35.15%|
|TYPE OF CARMEL HOMES|
|SINGLE FAMILY DETACHED||85.06%|
|ROWHOUSES AND ATTACHED HOMES||3.41%|
|SMALL APARTMENT BUILDINGS||2.43%|
|COMPLEXES OR HIGH RISE APARTMENTS||7.46%|
|SIZE OF CARMEL HOMES|
|5 OR MORE BEDROOMS||3.44%|
|AGE OF CARMEL HOMES|
|NEWER HOMES (2000 OR LATER)||5.86%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||22.90%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||41.92%|
|HISTORIC (1939 OR BEFORE)||29.32%|
|CARMEL REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,532,000|
|MEDIAN RENTAL PRICE||$2,047|
|HOME VALUE RANGE|
|$0 - $74,000||0.97%|
|$74,001 - $148,000||0.00%|
|$148,001 - $296,000||0.00%|
|$296,001 - $444,000||2.46%|
|$444,001 - $592,000||1.67%|
|$592,001 - $740,000||0.00%|
|$740,001 - $1,110,000||2.99%|
|$1,110,001 - $1,480,000||25.11%|
|PEOPLE OF CARMEL||DETAILS|
|UNDER 5 YEARS||6.46%|
|5 TO 17||11.22%|
|18 TO 24||4.36%|
|25 TO 34||6.41%|
|35 TO 54||21.43%|
|55 TO 64||16.02%|
|65 YEARS AND OVER||34.10%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||95.69%|
|MEDIAN HOUSEHOLD INCOME||$62,460|
|PER CAPITA INCOME||$45,928|
|INDIVIDUALS BELOW POVERTY LEVEL||7.87%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (17.11%)
Real estate (8.52%)
Professional, scientific, and technical services (5.73%)
Public Service (5.04%)
|BLACK OR AFRICAN AMERICAN||0.00%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.24%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.29%|
|TWO OR MORE RACES||3.20%|
|HISPANIC OR LATINO (OF ANY RACE)||9.51%|
|ETHNICITIES PRESENT||English (24.74%)
|LANGUAGES SPOKEN||English (93.23%)
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