Carrabelle is located in northwest Florida. Carrabelle is part of Franklin County. Carrabelle has 4.50 square miles of land area and 1.13 square miles of water area. As of 2010-2014, the total Carrabelle population is 2,790, which has grown 114.12% since 2000. The population growth rate is much higher than the state average rate of 21.14% and is much higher than the national average rate of 11.61%. Carrabelle median household income is $25,714 in 2010-2014 and has grown by 8.27% since 2000. The income growth rate is much lower than the state average rate of 21.62% and is much lower than the national average rate of 27.36%. Carrabelle median house value is $108,700 in 2010-2014 and has grown by 40.99% since 2000. The house value growth rate is lower than the state average rate of 48.06% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Carrabelle is worse than the state average in quality. The Carrabelle area code is 850.