Can A Financial Analyst Afford Rent in Carmel, IN?
Comfortably affordable — rent takes 23.4% of gross income.
Carmel rent: June 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).
About rent and a financial analyst salary
Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.
Cheaper rent nearby
These Indiana cities have lower median rent than Carmel, which improves the affordability math on a financial analyst salary:
Compare with full rent data for Carmel
View full rent data for Carmel, IN →Frequently asked questions
Can a financial analyst afford rent in Carmel, IN?
Median rent in Carmel is $1,854 a month. A typical financial analyst in Indiana earns about $95,073 a year, which makes that rent 23.4% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a financial analyst afford in Carmel?
Using the 30% rule, a financial analyst salary in Indiana (~$95,073/yr) supports up to $2,377 a month in rent. Carmel's current median rent is $1,854/mo, which leaves a $523/mo buffer.
How many hours does a financial analyst work to cover rent in Carmel?
At an hourly equivalent of about $46 an hour, a financial analyst in Indiana works roughly 40.6 hours a month to cover Carmel's median rent of $1,854.
Where is rent cheaper than Carmel for a financial analyst?
Nearby Indiana cities with lower median rent include West Lafayette ($1,853/mo), West Lafayette ($1,850/mo), Westfield ($1,850/mo). Each shifts the affordability math materially on a financial analyst salary.