Carrabelle, FL vs North Merritt Island, FL

There is a significant gap in the cost of living between these two cities. Carrabelle is 26.5% cheaper than North Merritt Island. With a cost index of 85 vs 116, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carrabelle to North Merritt Island should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carrabelle is $1,231/month compared to $1,328/month in North Merritt Island — a 7% difference. Home values follow the same pattern: Carrabelle is more affordable at $149,600 median vs $495,400.

Median household income in Carrabelle is $57,143 compared to $113,897 in North Merritt Island (-49.8%). While North Merritt Island is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carrabelle spend roughly 25.9% of their income on rent, more than the 14% in North Merritt Island.