Carrollwood, FL vs Key Largo, FL

There is a significant gap in the cost of living between these two cities. Carrollwood is 22.7% cheaper than Key Largo. With a cost index of 112 vs 145, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carrollwood to Key Largo should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carrollwood is $1,512/month compared to $1,889/month in Key Largo — a 20% difference. Home values follow the same pattern: Carrollwood is more affordable at $366,200 median vs $626,300.

Median household income in Carrollwood is $76,723 compared to $78,906 in Key Largo (-2.8%). Key Largo does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Carrollwood spend roughly 23.6% of their income on rent, less than the 28.7% in Key Largo.