Tampa, Florida has an overall cost of living index of 99.9, which is 0.1 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,567 per month, while the typical home is valued around $375,300. Households earn a median of $71,302 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 29. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$71,302
Annual · Census ACS
Median Gross Rent
$1,567
Per month · Census ACS
Median Home Value
$375,300
Census ACS
Cost of Living Index
99.9
BEA RPP · US avg = 100
Studio FMR
$1,593
HUD Fair Market Rent
1BR Fair Market Rent
$1,696
HUD FMR
2BR Fair Market Rent
$1,977
HUD FMR
3BR Fair Market Rent
$2,527
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
99.9
Goods
97.6
Rents / Housing
118.6
Services
92.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $117,010 |
| 🏥Registered Nurse | $86,060 |
| 📚Elementary Teacher | $66,980 |
| ⚡Electrician | $51,580 |
| 📊Accountant | $84,560 |
Source: BLS OEWS 2023 (metro-level data)
Population
393,389
Latest estimate
Median Age
35.6 yrs
Census ACS
Average AQI
29.0
Source: EPA AirNow
What is the cost of living index for Tampa?
Tampa has a Regional Price Parity (RPP) index of 99.9. The US national average is 100, so Tampa is 0.1 points below the national average.
What is the median rent in Tampa?
The median gross rent in Tampa is $1,567 per month according to US Census ACS data.
What is the median household income in Tampa?
The median household income in Tampa is $71,302 per year.
What is the median home value in Tampa?
The median home value in Tampa is $375,300 based on the latest Census ACS survey.
How is the air quality in Tampa?
Tampa has an average Air Quality Index (AQI) of 29.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Tampa?
Florida has no state income tax on wages and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology