Tampa, FL Cost Of Living
Cost Of Living In Tampa, FL Summary
Cost of living in Tampa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Tampa is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Tampa is 99, with 100 being the average.
The cost of living index in Tampa is 1.0x lower than the national average.
Tampa ranks as the #231 cheapest in Florida out of 459.
Tampa ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Tampa is $277,700.
The median income in Tampa is $59,893.
Table Of Contents
Tampa's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Tampa, FL?
According to the most recent data on the cost of living, Tampa has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Florida, Tampa has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Tampa ranks as #231 most affordable out of the 459 places we measured in Florida. By definition, that implies Tampa ranks as the #228 most expensive place in the Sunshine State.
For more reading on life in Tampa, check out:
- Living In Tampa
- Tampa Crime Report
- Search Homes For Sale In Tampa, FL
In Florida
In America
Tampa Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Tampa. Here is how it fairs on each of the criteria:
The Services index in Tampa is 97.
The Groceries index in Tampa is 105.
The Health index in Tampa is 97.
The Housing index in Tampa is 97.
The Transportation index in Tampa is 100.
The Utilities index in Tampa is 102.
| Living Expense | Tampa | Florida | National Average | |
|---|---|---|---|---|
| Overall | 99 | 101 | 100 | |
| Services | 97 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 97 | 108 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 102 | 100 | 100 | |
Tampa, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Tampa is $277,700.
The Median Rent in Tampa is $1,249.
The Median Income in Tampa is $59,893.
The Home Value To Income in Tampa is 4.6x.
The Rent To Monthly Income in Tampa is 0.25x.
| Statistic | Tampa | Florida | United States |
|---|---|---|---|
| Median Home Value | $277,700 | $248,700 | $244,900 |
| Median Rent | $1,249 | $1,301 | $1,163 |
| Median Income | $59,893 | $61,777 | $69,021 |
| Home Value To Income | 4.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Tampa, FL Costs By Category
Detailed Tampa Services Costs Vs. Florida
Detailed Tampa Groceries Costs Vs. Florida
Detailed Tampa Health Costs Vs. Florida
Detailed Tampa Transportation Costs Vs. Florida
Detailed Tampa Utilities Costs Vs. Florida
Tampa SnackAbility
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Cost Of Living In Cities Around Tampa
The cost of living varies in the cities and towns around Tampa. Here's a quick look at the cost of living in the most populous nearby places:
Palm Harbor, FL has a cost of living index of 100, 1.0x Tampa.
Pinellas Park, FL has a cost of living index of 93, 0.9x Tampa.
Valrico, FL has a cost of living index of 106, 1.1x Tampa.
| City | Population | Cost Of Living | Vs. Tampa |
|---|---|---|---|
| Palm Harbor, FL | 60,682 | 100 | 1.0x |
| Pinellas Park, FL | 53,130 | 93 | 0.9x |
| Valrico, FL | 39,632 | 106 | 1.1x |
| Egypt Lake-Leto, FL | 36,157 | 94 | 0.9x |
| Carrollwood, FL | 35,846 | 100 | 1.0x |
| Lake Magdalene, FL | 31,211 | 101 | 1.0x |
| East Lake-Orient Park, FL | 30,002 | 89 | 0.9x |
| Citrus Park, FL | 27,440 | 101 | 1.0x |
| Temple Terrace, FL | 26,585 | 99 | 1.0x |
| Palm River-Clair Mel, FL | 25,492 | 90 | 0.9x |
