Living in Carrollwood, Florida
Cost of living, income, home prices, rent and demographics of Carrollwood · Census data 2020–2024
Carrollwood has 36,725 residents with a median age of 39.8. The median household income is $81,959 (10% higher than the Florida median), the median home value is $384,600, the median rent is $1,715/month.
Carrollwood at a glance
- Population
- 36,725
- Median age
- 39.8State: 42.6
- Median household income
- $81,959State: $74,568
- Median home value
- $384,600State: $359,000
- Median rent
- $1,715/moState: $1,669
- Homeowners
- 68.5%
- Bachelor's degree or higher
- 44%
- Average commute
- 27 min
Is Carrollwood a good place to live?
Pros: Median household income 10% higher than the Florida median; an average commute of 27 minutes; unemployment of 4.5%; a poverty rate of 8.4%.
Cons: Home values 7% higher than the state median.
The weather is best in February–March and November–December.
Cost of living in Carrollwood
Housing is the biggest part of the cost of living. In Carrollwood the median home value is $384,600, 16% higher than the U.S. median. Renters pay a median of $1,715 per month, which is 36.4% of household income. Homeowners with a mortgage pay $2,132 a month in housing costs.
Carrollwood median household income
The median household income in Carrollwood is $81,959 and the income per person is $49,389. 8.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Carrollwood: homes for sale and rent
- Housing units
- 15,031
- Owner-occupied
- 68.5%
- Renter-occupied
- 31.5%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.52
Carrollwood demographics
- Population
- 36,725
- Median age
- 39.8
- Under 18
- 21.7%
- 65 and older
- 18.5%
- Households
- 14,543
- Foreign-born
- 16.8%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Carrollwood ›
Education in Carrollwood
44% of adults 25 and older in Carrollwood have a bachelor's degree or higher (Florida: 34.1%), and 14.9% have a graduate or professional degree.
Jobs and commute in Carrollwood
- Unemployment rate
- 4.5%State: 4.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 22.5%
- Drive alone
- 67.4%
- Public transit
- 0.3%
- Walk to work
- 1.2%
- Homes with broadband
- 93.1%
Carrollwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carrollwood | 36,725 | $81,959 | $384,600 | $1,715 |
| Lake Magdalene | 32,083 | $75,594 | $371,800 | $1,434 |
| Egypt Lake-Leto | 35,873 | $54,032 | $315,100 | $1,482 |
| Citrus Park | 28,804 | $93,457 | $385,000 | $1,891 |
| Northdale | 25,710 | $94,926 | $418,900 | $1,797 |
| Town 'n' Country | 85,928 | $73,538 | $337,100 | $1,734 |
| University | 48,127 | $37,207 | $164,900 | $1,295 |
| Westchase | 24,885 | $124,434 | $559,500 | $2,174 |
| Cheval | 13,969 | $101,907 | $525,700 | $1,442 |
More for people moving to Carrollwood
Carrollwood ZIP code ›Weather and climate ›Living in Carrollwood: FAQ
What is the median household income in Carrollwood, FL?
The median household income in Carrollwood is $81,959, 10% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Carrollwood?
The median home value in Carrollwood is $384,600, compared with $359,000 in Florida.
How much is rent in Carrollwood?
The median gross rent in Carrollwood is $1,715 per month, about 36.4% of household income.
Is Carrollwood, FL a good place to live?
Pluses: median household income 10% higher than the Florida median; an average commute of 27 minutes; unemployment of 4.5%; a poverty rate of 8.4%. Minuses: home values 7% higher than the state median.
What is the median age in Carrollwood?
The median age in Carrollwood is 39.8 years (Florida: 42.6).
How long is the commute in Carrollwood?
The average commute to work in Carrollwood is 27 minutes; 22.5% of workers work from home.
What is the unemployment rate in Carrollwood?
The unemployment rate in Carrollwood is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carrollwood?
44% of adults in Carrollwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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