Carrabelle, FL vs Welaka, FL

Carrabelle, FL and Welaka, FL have a very similar cost of living, with only a 1.6% difference in their overall index. Carrabelle scores 85 while Welaka scores 87 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 $949/month in Welaka — a 30% difference. Interestingly, home values tell a different story: while Welaka has cheaper rent, Carrabelle actually has lower median home values ($149,600 vs $271,200).

Median household income in Carrabelle is $57,143 compared to $51,528 in Welaka (+10.9%). 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, more than the 22.1% in Welaka.