---
title: Carmel, Indiana
description: Settled in 1837 by Quakers, Carmel is now one of the fastest-growing cities in Indiana. Located roughly 20 miles outside Indianapolis, the town features a…
published: '2017-09-14T15:23:45.000Z'
modified: '2024-01-24T04:03:37.000Z'
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![170918_BPL_CARMEL_16](https://img.money.com/2017/08/170918_bpl_carmel_16.jpg)

Settled in 1837 by Quakers, Carmel is now one of the fastest-growing cities in Indiana. Located roughly 20 miles outside Indianapolis, the town features a picturesque Main Street, with storefronts like [Joe’s Butcher Shop and Fish Market](https://joesbutchershop.com/) and [Peace Water Winery](https://www.peacewaterwinery.com/welcome), and art galleries and specialty shops in the town’s [Art & Design district](https://www.carmelartsanddesign.com/).

The economy is thriving, with low unemployment and a projected 11.6% increase in the number of jobs in the area, according to Moody’s Analytics. Large employers headquartered here include [Allegion](https://www.allegion.com/corp/en/index.html), [CNO Financial Group](https://www.cnoinc.com/), and [GEICO](https://www.geico.com/).

Outdoor options also abound. [Coxhall Gardens](https://www.ritzcharles.com/venues/coxhall-gardens-and-mansion/), a 125-acre site, features lush green paths, a fishing lake, and occasional live music shows.

Carmel residents also [tout their safe roads](https://www.carmel.in.gov/department-services/engineering/roundabouts). Since the 1990s, the city has been replacing traditional signalized intersections with roundabouts, and today has 100 of them—more than anywhere else in the U.S. *—Annie Nova*

*This story has been updated to remove an incorrect reference to one of the community amenities in Carmel, Ind.*

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[**Find homes in Carmel, Indiana on**](https://www.realtor.com/realestateandhomes-search/Carmel_IN/?cid=dsp_moneyBPL17_cons_Time_Money_rankings_textlink_srp)

![](https://img.money.com/2017/08/realtorlogofinal.png?w=300)

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