Carrollwood, FL

Average · 109

Florida · Population 35,645 · Updated March 2026

$1,512
Median Rent / Month
$76,723
Median Income
$366,200
Median Home Value
$1,454
Owner Costs / Month

Affordability

How far your income goes in Carrollwood

23.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$18,144
Annual Rent
$0
State Income Tax
$3,149
Property Tax (est.)

Cost of Living Overview

Carrollwood is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), Carrollwood residents can expect to pay median rent of $1,512/month while earning a median household income of $76,723/year.

The median home value in Carrollwood, FL is $366,200, with typical monthly owner costs around $1,454 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Carrollwood.

Frequently Asked Questions

Common questions about living costs in Carrollwood

What is the cost of living in Carrollwood, FL?
The cost of living index in Carrollwood, FL is 109 (US average = 100). Median monthly rent is $1,512, median household income is $76,723/year, and the median home value is $366,200.
Is Carrollwood, FL affordable?
No, Carrollwood is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 23.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Carrollwood, FL?
The median gross rent in Carrollwood, FL is $1,512 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,144.
What is the median household income in Carrollwood?
The median household income in Carrollwood, FL is $76,723 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.