Tampa, FL — Cost of Living & Relocation Guide
Population: 398,173
📍 Some data sourced from nearby metro area
About Tampa, FL
Welcome to our comprehensive guide to Tampa, FL. With a population of 398,173, Tampa features a cost of living index of 104.05 (4.0% above the national average of 100). The local economy supports a median household income of $66,802 (11% below the national average), while the real estate market offers homes at a median price of $449,750.
Explore our detailed crime and safety data (8% below the national average), school ratings, tax information, and climate data below. Compare Tampa with Palm Beach or other cities.
📅 Data last updated: February 2026 | Sources: U.S. Census Bureau ACS, FBI UCR, BLS
Tampa, FL Quick Facts & Key Statistics
💡City Insights
Tampa scores 4/10 for affordability, 6/10 for safety, and 5/10 for family-friendliness — an good overall profile. However, affordability is a weaker area that prospective residents should consider carefully.
Living in Tampa, FL
Tampa, Florida, situated on the west coast of the state along the Gulf of Mexico, is known for its vibrant culture, rich history, and diverse economy. It features a warm, humid subtropical climate, attracting both residents and tourists year-round. The city is home to a mix of modern skyscrapers and historic architecture, most notably in the Ybor City district, a former cigar-manufacturing center that reflects Tampa's Cuban and Spanish heritage. Tampa Bay offers a variety of recreational opportunities, including parks, beaches, and waterfront activities. Popular attractions include Busch Gardens, an African-themed amusement park, and the Florida Aquarium. The city also boasts a thriving arts scene, with numerous galleries, theaters, and music venues. Economically, Tampa is a hub for finance, healthcare, and tourism, with major employers like the University of South Florida and various healthcare institutions. The city has a diverse population and is known for its lively events, including the Gasparilla Pirate Festival and the Tampa Bay Lightning NHL games. Overall, Tampa combines a rich cultural tapestry with modern amenities, making it a dynamic place to live and visit.
How Tampa Compares
Black line indicates US average
💵 Affordability Calculator
Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,802.
Income Needed to Buy
Income Needed to Rent
Pros & Cons of Moving to Tampa, FL
Pros
- • Diverse cultural scene
- • Great weather year-round
- • Active outdoor lifestyle
- • Growing tech industry
- • Vibrant nightlife options
- • Affordable cost of living
- • Strong sports community
- • Family-friendly activities
- • Job market is improving
- • Proximity to beaches
Cons
- • Risk of hurricanes
- • Property insurance costs
- • Traffic congestion issues
- • Schools vary greatly in quality
- • Limited public transport
- • Sparse community feel
- • Political polarization exists
- • Higher crime in some areas
- • Some neighborhoods feel unsafe
- • High humidity in summer
Frequently Asked Questions
What is the cost of living in Tampa, FL? ▼
The cost of living in Tampa, FL is 4% higher than the national average, with a cost of living index of 104 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Tampa, FL? ▼
In Tampa, FL, The median home price is $449,750. requiring approximately $139,232 annual income to afford. Average rent is $2,752/month (requiring ~$110,074/year income). The local median household income is $66,802, making homeownership challenging for typical residents. Explore Tampa real estate data →
Is Tampa, FL a safe place to live? ▼
Tampa, FL is average in terms of safety, with crime rates near the national average. The crime rate is 21.3 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Tampa crime statistics →
What salary do you need to live comfortably in Tampa, FL? ▼
To live comfortably in Tampa, FL and afford a median-priced home of $449,750, you would typically need a household income of $112,438 to $140,547 per year. The local median household income is $66,802. Renting requires approximately $110,074/year (at $2,752/month). See full affordability analysis →
What are the job opportunities like in Tampa, FL? ▼
Tampa, FL has an unemployment rate of 3.7%, which is above the national average of 3.7%. The median household income is $66,802, suggesting moderate local economic conditions. View Tampa employment & demographics →
Is Tampa, FL growing? ▼
Tampa, FL has a population of 398,173. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The moderately priced housing market and competitive job market shape migration patterns. See Tampa population demographics →
What are the best neighborhoods in Tampa, FL? ▼
The best neighborhoods in Tampa, FL depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Tampa on our interactive map →
What is the commute like in Tampa, FL? ▼
Commute times in Tampa, FL vary by neighborhood and workplace location. As a larger metro area, most residents rely on personal vehicles, though public transit options may be available. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Tampa, FL? ▼
Tax rates in Tampa, FL include state and local components. The cost of living index of 104 reflects a moderate cost environment compared to the national average. View detailed Tampa tax information →
How does Tampa, FL compare to Palm Beach? ▼
Tampa, FL offers comparable costs to nearby communities. With a cost of living index of 104, median home prices of $449,750, and a crime rate of 21.27 per 1,000 residents, you can compare these metrics side-by-side. Compare Tampa vs Palm Beach →
What is the weather like in Tampa, FL? ▼
Weather in Tampa, FL varies by season. Climate data varies by season. View detailed Tampa climate & environment data →
Explore Tampa in Detail
📅 Last Updated: February 2026
Sources: U.S. Census Bureau (ACS), FBI Uniform Crime Reports, Bureau of Labor Statistics