Carrollwood, FL vs Goldenrod, FL

Carrollwood, FL and Goldenrod, FL have a very similar cost of living, with only a 1.6% difference in their overall index. Carrollwood scores 112 while Goldenrod scores 114 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 $1,673/month in Goldenrod — a 10% difference. Interestingly, home values tell a different story: while Carrollwood has cheaper rent, Goldenrod actually has lower median home values ($332,700 vs $366,200).

Median household income in Carrollwood is $76,723 compared to $62,410 in Goldenrod (+22.9%). Carrollwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carrollwood spend roughly 23.6% of their income on rent, less than the 32.2% in Goldenrod. The Carrollwood ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.