Carrabelle, FL
Population 3,145 · Florida
About Carrabelle, FL
Carrabelle is a small town located in Florida with a population of 3,145 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,143 per year, which is 24% below the national median of $75,149. The median age of 41.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carrabelle features a median home value of $149,600, which is 39% below the national median of $244,900. This positions Carrabelle in a moderately priced market relative to the rest of the country. Median monthly rent is $1,231, 6% above the national average of $1,163/month. Of the 1,124 total housing units, 70% are owner-occupied (535 units) and 30% are renter-occupied (227 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carrabelle shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carrabelle have an average one-way commute time of 24.8 minutes.
Education & Demographics
11.7% of Carrabelle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.7% White, 2.9% Hispanic or Latino, 4.8% Black or African American, and 3.2% Asian residents, with 7.7% of the population being foreign-born.
Cost of Living in Carrabelle, FL
Compared to national averages, Carrabelle has a median household income of $57,143 (24% below the national median of $75,149). Home values average $149,600, which is 39% below the national median. Monthly rent at $1,231 is 6% above the US average of $1,163. Within Florida, Carrabelle's income is 25% below the state average of $75,893, and home values are 58% below the state median of $353,675.
Why Live in Carrabelle, FL?
Carrabelle offers affordable housing with a median home value of $149,600, below the US average of $244,900, and a low poverty rate of 11.6%, better than the national average, and short commute times averaging just 24.8 minutes.
Potential considerations include median household income ($57,143) that falls below the national average. However, Carrabelle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carrabelle has a population of 3,145 with a median age of 41.6 years. Compare Carrabelle with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Carrabelle
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bushnell | 3,148 | $52,723 | $109,200 | Compare |
| Dover | 3,157 | $42,222 | $215,500 | Compare |
| San Castle | 3,159 | $51,615 | $256,400 | Compare |
| Holden Heights | 3,108 | $44,506 | $189,100 | Compare |
| South Beach | 3,081 | $188,095 | $860,000 | Compare |
| Blountstown | 3,077 | $44,013 | $147,000 | Compare |
| Williston Highlands | 3,213 | $69,249 | $187,400 | Compare |
| Port Richey | 3,229 | $45,435 | $256,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Carrabelle With Other Cities
Frequently Asked Questions about Carrabelle
What is the population of Carrabelle, FL?
The population of Carrabelle, FL is 3,145 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Carrabelle?
The median household income in Carrabelle, FL is $57,143 per year, which is 24% below the national median of $75,149.
What is the median home value in Carrabelle?
The median home value in Carrabelle, FL is $149,600, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carrabelle?
The median monthly rent in Carrabelle, FL is $1,231, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Carrabelle?
The unemployment rate in Carrabelle, FL is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carrabelle, FL a good place to live?
Carrabelle offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,145 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Carrabelle, FL?
11.7% of residents in Carrabelle aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Carrabelle?
Key cost-of-living indicators for Carrabelle, FL: median home value is $149,600 (39% below national), median rent is $1,231/month, and median household income is $57,143. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carrabelle?
The poverty rate in Carrabelle, FL is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carrabelle, FL?
Carrabelle's population is 2.7% White, 2.9% Hispanic or Latino, 4.8% Black or African American, 3.2% Asian, and 21.0% two or more races. 7.7% of residents are foreign-born.