Carrollwood, FL vs South Miami, FL

There is a significant gap in the cost of living between these two cities. Carrollwood is 26.1% cheaper than South Miami. With a cost index of 112 vs 151, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carrollwood to South Miami should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carrollwood is $1,512/month compared to $1,700/month in South Miami — a 11% difference. Home values follow the same pattern: Carrollwood is more affordable at $366,200 median vs $736,900.

Median household income in Carrollwood is $76,723 compared to $88,313 in South Miami (-13.1%). The higher salaries in South Miami 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 23.1% in South Miami.