Carrollwood, FL vs Shady Hills, FL

There is a significant gap in the cost of living between these two cities. Shady Hills is 29.4% cheaper than Carrollwood. With a cost index of 86 vs 112, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Shady Hills to Carrollwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carrollwood is $1,512/month compared to $1,054/month in Shady Hills — a 44% difference. Home values follow the same pattern: Shady Hills is more affordable at $225,600 median vs $366,200.

Median household income in Carrollwood is $76,723 compared to $63,250 in Shady Hills (+21.3%). The higher salaries in Carrollwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Carrollwood spend roughly 23.6% of their income on rent, more than the 20% in Shady Hills.