Carrabelle, FL vs St. Pete Beach, FL

The cost of living difference between Carrabelle, FL and St. Pete Beach, FL is dramatic. Carrabelle is 39.6% cheaper than St. Pete Beach, a gap that translates to thousands of dollars per year in household expenses. Carrabelle has a cost index of 85 while St. Pete Beach sits at 141, 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 $1,753/month in St. Pete Beach — a 30% difference. Home values follow the same pattern: Carrabelle is more affordable at $149,600 median vs $639,900.

Median household income in Carrabelle is $57,143 compared to $108,931 in St. Pete Beach (-47.5%). While St. Pete 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 19.3% in St. Pete Beach.