How Much Does It Cost To Live In Tampa Florida?

Is Tampa FL expensive to live?

The cost of living in Tampa, FL is 5% lower than the state average and 4% lower than the national average. Tampa, FL housing is 9% cheaper than the U.S average, while utilities are about 0% .

Is Tampa affordable to live?

The Big Guava is one of the most affordable cities in the U.S., and comes with the added perk of no state income tax. The cost of living in Tampa is also 3% lower than Florida’s state average and over 10% lower than Miami’s cost of living.

What is the minimum wage in Tampa?

On September 30, 2022, the minimum wage in Florida will increase from $10 per hour to $11 per hour for standard employees and from $6.98 per hour to $7.98 per hour for tipped workers. This increase is part of the state’s plan to raise the rate to $15 per hour by 2026.

What part of Tampa is best to live in?

Bayshore Beautiful is one of Tampa’s most desirable neighborhoods. It’s centrally located, close to major highways, and just a few minutes from Downtown Tampa. The neighborhood gets its name from the scenic Bayshore Boulevard, which runs along the Hillsborough Bay waterfront.

What are the pros and cons of living in Tampa Florida?

Quiet neighborhoods. Good schools and jobs. Year-round outdoor activities. Great food and drinks. Reasonable cost of living. Costs and requirements of HOAs. Tough to get around. Extreme weather.

Is Tampa a safe area to live?

Some of Tampa’s crime statistics are: There is 19% less crime overall in Tampa than the national average. Property crime is 24% lower in Tampa than when compared to the national average. Violent crime is 7% higher in Tampa than the national average, meaning more murders and assaults occur.

What is a good salary in Tampa Florida?

Most salaries in Tampa range between $44,252 (25th percentile) to $73,881 (75th percentile) annually.

Why is rent in Tampa so expensive?

Tampa Bay is becoming more expensive because there’s not enough housing to meet the demand, said YIMBY Tampa leader Nathan Hagen. Vacancy rates in the region are also at a record low of 4 percent, according to CoStar.

Why people are moving to Tampa?

Those responding to the survey, which wasn’t scientific, often cited lower taxes and more affordable homes, along with the sunny weather, as reasons for moving to Florida. A few mentioned COVID-19 restrictions. Many said they chose Tampa Bay because of fond vacation memories.

What is middle class income Tampa Florida?

In Florida, households must earn a minimum of $26,023 per year to be considered middle class, with the upper earnings boundary set at $117,719, according to a new 24/7 Wall St. analysis. The total share of household income in Florida controlled by middle-class earners is 44.8%, 24/7 Wall St. reports.