Carola is an unincorporated community in southeastern Butler County, in the U.S. state of Missouri.
The community is on Missouri Route N southwest of Oglesville; the Missouri-Arkansas border is approximately to the south. The Black River flows past the west side of the community.
A post office called Carola was established in 1882 and remained in operation until 1913. The community was named after a boat belonging to a group of German first settlers.