Good news for Carmel residents -- your city was named the No. 1 place to live in the Hoosier state.
The personal finance site NerdWallet lookat at household income, home values, percent of homes without a mortgage and average credit limits when coming up with its list of wealthiest cities (image source: carmelcitycenter.com)
The ranking was done by Niche.com, and looked at the following factors:
Cost of living was weighted at 15 percent of the methodology.
Carmel received A's or B's in every category, except for outdoor activities, where it received a C+.
Indianapolis was ranked at No. 41, taking a big hit for the "crime and safety" category.
In Niche.com's national ranking, Carmel was listed as the No. 13 place to live in the country.
The top 10 of the rankings are:
To see the top 100, click here.
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