Tampa, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
99
Tampa's Overall Cost Of Living
1.0x
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:

231 out of 459
In Florida
3,027 out of 6,412
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
For more reading on cost of living around Florida, check out:
Tampa Cost of Living Vs. FL

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
Search Homes For Sale In Tampa, FL
$277,700
Median Home Value
$1,249
Median Rent
$59,893
Median Income

Tampa, FL Costs By Category

Detailed Tampa Services Costs Vs. Florida

Item Tampa Florida
Shampoo $1.04 $1.06
Movie $12.72 $10.68
Bowling $16.33 $14.67
Haircut $15.08 $18.62
Beauty Salon $37.26 $39.05

Detailed Tampa Groceries Costs Vs. Florida

Item Tampa Florida
Ground Beef $5.29 $4.22
Fried Chicken $1.74 $1.39
Milk $2.66 $2.05
Potatoes $3.51 $3.29
Pizza $10.25 $10.62
Beer $10.69 $9.38
Toothpaste $2.82 $2.34

Detailed Tampa Health Costs Vs. Florida

Item Tampa Florida
Optometrist $99.12 $108.57
Doctor $99.22 $116.17
Dentist $105.57 $99.13

Detailed Tampa Transportation Costs Vs. Florida

Item Tampa Florida
Gasoline $2.11 $2.22
Tire Balancing $55.26 $50.07

Detailed Tampa Utilities Costs Vs. Florida

Item Tampa Florida
All Electricity $165.98 $167.67
Phone $189.52 $175.64

Tampa SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
4
Diversity
10
Safety
6
Amenities
9.5
Education
8
Commute
7

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

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