Carrollwood, FL vs Florida City, FL

Carrollwood, FL and Florida City, FL have a very similar cost of living, with only a 3% difference in their overall index. Carrollwood scores 112 while Florida City scores 108 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 Carrollwood is $1,512/month compared to $1,328/month in Florida City — a 14% difference. Home values follow the same pattern: Florida City is more affordable at $353,200 median vs $366,200.

Median household income in Carrollwood is $76,723 compared to $47,754 in Florida City (+60.7%). While Carrollwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carrollwood spend roughly 23.6% of their income on rent, less than the 33.4% in Florida City. The Carrollwood ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.