Carrabelle, FL Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Florida / No Metro Area / Franklin County / Carrabelle / Zip Codes
Carrabelle, FL is a beautiful coastal town located on the eastern edge of the Florida Panhandle. Long known for its stunning beaches and scenic fishing spots, Carrabelle also boasts an abundance of local businesses ranging from seafood restaurants to retail shopping and more. Some of the most popular local businesses include the Carrabelle Beach Marina & Resort, The Dock at Carrabelle, and Walter Marine Center. Tourist attractions in Carrabelle are plentiful as well - visitors can explore St. Vincent Island National Wildlife Refuge or take part in some of the area's most popular festivals such as the Annual Scallop Festival. Finally, with 2 bedroom rents costing only $820 per month and a grocery cost index lower than the national average at 98 versus 100, it’s no wonder why Carrabelle is becoming increasingly popular among locals and tourists alike!

Carrabelle has an unemployment rate of 4.2%. The US average is 6.0%.

Carrabelle has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.

Tax Rates for Carrabelle
- The Sales Tax Rate for Carrabelle is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carrabelle is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Carrabelle
- The average income of a Carrabelle resident is $11,305 a year. The US average is $28,555 a year.
- The Median household income of a Carrabelle resident is $37,105 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarrabelle, FloridaUnited States
  4.26
  -1.3%-6.2%
  26.7%33.5%
  7.0%6.2%
  0.0%4.6%
  $10,838$37,638
  $37,105$69,021
  $41,607$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  18.5%6.8%
  2.1%10.0%
  0.7%2.5%
  12.3%11.0%
  2.5%4.8%
  2.1%0.8%
  0.9%1.9%
  6.4%4.7%
  0.7%1.9%
  0.7%7.6%
  0.0%0.1%
  0.0%4.2%
  9.3%9.3%
  8.4%14.0%
  0.5%2.1%
  13.9%7.0%
  5.2%4.8%
  15.0%4.7%
Health
Compare Carrabelle, FL
cost of living
Compare food, housing, utilities, and more in Carrabelle, Florida to any other city in the US.