Carrabelle, FL vs Palm Beach, FL

The cost of living difference between Carrabelle, FL and Palm Beach, FL is dramatic. Carrabelle is 67% cheaper than Palm Beach, a gap that translates to thousands of dollars per year in household expenses. Carrabelle has a cost index of 85 while Palm Beach sits at 259, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Carrabelle is $1,231/month compared to $1,849/month in Palm Beach — a 33% difference. Home values follow the same pattern: Carrabelle is more affordable at $149,600 median vs $1,996,700.

Median household income in Carrabelle is $57,143 compared to $175,078 in Palm Beach (-67.4%). While Palm Beach 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 12.7% in Palm Beach.