Carrabelle, FL vs Micco, FL

Carrabelle, FL and Micco, FL have a very similar cost of living, with only a 3.9% difference in their overall index. Carrabelle scores 85 while Micco scores 89 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Carrabelle is $1,231/month compared to $1,340/month in Micco — a 8% difference. Home values follow the same pattern: Carrabelle is more affordable at $149,600 median vs $156,400.

Median household income in Carrabelle is $57,143 compared to $46,809 in Micco (+22.1%). Carrabelle offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carrabelle spend roughly 25.9% of their income on rent, less than the 34.4% in Micco. The Carrabelle ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.