Carrollwood, FL vs Highland City, FL

Carrollwood, FL and Highland City, FL have a very similar cost of living, with only a 1.7% difference in their overall index. Carrollwood scores 112 while Highland City scores 110 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 $1,679/month in Highland City — a 10% difference. Interestingly, home values tell a different story: while Carrollwood has cheaper rent, Highland City actually has lower median home values ($301,600 vs $366,200).

Median household income in Carrollwood is $76,723 compared to $88,628 in Highland City (-13.4%). Highland City 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, more than the 22.7% in Highland City.