Data Science Degree in Carmel, IN — Salary & ROI 2026
Data Science degree analysis for Carmel, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$86K
COL-adjusted
Mid-Career
$132K
COL-adjusted
ROI Payback
2 yrs
in Carmel
Cost of Living
105.2
index (100 = avg)
Data Science in Carmel, IN Overview
While Carmel has a smaller college scene with 4 institutions, Data Science students benefit from lower tuition costs. Room and board averages $14,124/year, and the car-friendly layout shapes the student experience. Data Science has seen growing enrollment nationally, reflecting rising employer demand for Python and Machine Learning skills. The adjusted starting salary in Carmel is approximately $86,264, growing to $131,500 by mid-career.
Category
STEM
Local Colleges
4
Public Tuition
$10,200/yr
Private Tuition
$34,000/yr
Room & Board
$14,124/yr
Avg Fin. Aid
$13,619/yr
Unemployment
2.9%
Graduation Rate
46%
Data Science Salary in Carmel (COL-Adjusted)
Salaries adjusted for Carmel's cost of living index of 105.2 (national average = 100).
Note: National average Data Science salary: $82,000 starting, $125,000 mid-career, $155,000 senior level.Carmel adjustment factor: 1.05x based on the local cost of living index.
Data Science ROI Calculator for Carmel
Estimate your return on investment for a Data Science degree using local Carmel tuition and cost of living data.
Public avg: $10,200 | Private avg: $34,000
Carmel avg aid: $13,619/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$97,296
tuition + room & board - aid
Annual Earnings Premium
$49,444
vs HS diploma in Carmel
ROI Payback Period
2 years
to break even
Lifetime Return in Carmel
$1,059,904
Lifetime earnings premium ($1,157,200) minus total education cost ($97,296)
Student Loan Payoff for Data Science in Carmel
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Carmel for Data Science
Carmel State University
public
$10,293/yr
$41,172 total
Community Colleges (2-Year Transfer)
Carmel Community College
$5,781/yr
Top Employers for Data Science in Carmel
Carmel offers opportunities in Tech companies, Research labs, Government agencies for Data Science graduates. National top employers in this field include:
Key Carmel Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Data Science Job Titles
Data Science in Nearby Indiana Cities
Indianapolis, IN
$77K starting · COL 94
25 colleges
Fort Wayne, IN
$84K starting · COL 103
24 colleges
Evansville, IN
$71K starting · COL 86
10 colleges
South Bend, IN
$73K starting · COL 89
9 colleges
Fishers, IN
$82K starting · COL 100.5
4 colleges
Bloomington, IN
$68K starting · COL 83
5 colleges
Hammond, IN
$76K starting · COL 93.1
4 colleges
Lafayette, IN
$70K starting · COL 84.8
3 colleges
Other STEM Majors in Carmel
Prompt Engineering
$53K starting · 1.5 yr ROI
Computational Linguistics
$100K starting · 2 yr ROI
Computer Science
$89K starting · 2.8 yr ROI
Software Engineering
$93K starting · 2.7 yr ROI
Actuarial Science
$53K starting · 3 yr ROI
Cybersecurity
$84K starting · 3 yr ROI
Robotics Engineering
$53K starting · 3 yr ROI
Applied Mathematics
$53K starting · 3.5 yr ROI
Data Science Degree in Carmel — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Data Science ROI in other cities, or explore other majors in Carmel.