Carrollwood, FL
Population 35,645 · Florida
About Carrollwood, FL
Carrollwood is a mid-sized city located in Florida with a population of 35,645 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,723 per year, which is 2% above the national median of $75,149. The median age of 40.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carrollwood features a median home value of $366,200, which is 50% above the national median of $244,900. This positions Carrollwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,512, 30% above the national average of $1,163/month. Of the 14,952 total housing units, 69% are owner-occupied (9,836 units) and 31% are renter-occupied (4,412 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carrollwood shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carrollwood have an average one-way commute time of 27.1 minutes.
Education & Demographics
44.1% of Carrollwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.1% White, 1.6% Hispanic or Latino, 7.7% Black or African American, and 15.0% Asian residents, with 16.1% of the population being foreign-born.
Cost of Living in Carrollwood, FL
Compared to national averages, Carrollwood has a median household income of $76,723 (2% above the national median of $75,149). Home values average $366,200, which is 50% above the national median. Monthly rent at $1,512 is 30% above the US average of $1,163. Within Florida, Carrollwood's income is 1% above the state average of $75,893, and home values are 4% above the state median of $353,675.
Why Live in Carrollwood, FL?
Carrollwood offers a strong local economy with a median household income of $76,723, well above the national average, and a well-educated community where 44.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.3%, better than the national average.
Carrollwood has a population of 35,645 with a median age of 40.6 years. Compare Carrollwood with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Carrollwood
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fruit Cove | 35,609 | $137,906 | $451,600 | Compare |
| Egypt Lake-Leto | 35,709 | $53,599 | $296,100 | Compare |
| Kendall West | 35,492 | $66,858 | $377,800 | Compare |
| Parkland | 35,799 | $200,156 | $896,300 | Compare |
| Lauderdale Lakes | 35,924 | $44,333 | $203,100 | Compare |
| Richmond West | 35,988 | $96,282 | $448,900 | Compare |
| Dunedin | 36,060 | $68,068 | $341,700 | Compare |
| Golden Glades | 35,042 | $49,932 | $346,900 | 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 Carrollwood With Other Cities
Frequently Asked Questions about Carrollwood
What is the population of Carrollwood, FL?
The population of Carrollwood, FL is 35,645 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Carrollwood?
The median household income in Carrollwood, FL is $76,723 per year, which is 2% above the national median of $75,149.
What is the median home value in Carrollwood?
The median home value in Carrollwood, FL is $366,200, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carrollwood?
The median monthly rent in Carrollwood, FL is $1,512, which is 30% above the national average of $1,163/month.
What is the unemployment rate in Carrollwood?
The unemployment rate in Carrollwood, FL is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carrollwood, FL a good place to live?
Carrollwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 35,645 and a median age of 40.6, the city appeals to a broad range of residents.
How educated is Carrollwood, FL?
44.1% of residents in Carrollwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Carrollwood?
Key cost-of-living indicators for Carrollwood, FL: median home value is $366,200 (50% above national), median rent is $1,512/month, and median household income is $76,723. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Carrollwood?
The poverty rate in Carrollwood, FL is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carrollwood, FL?
Carrollwood's population is 2.1% White, 1.6% Hispanic or Latino, 7.7% Black or African American, 15.0% Asian, and 5.8% two or more races. 16.1% of residents are foreign-born.