Florida · Population 393,389 · Updated March 2026
How far your income goes in Tampa
State-level tax rates that affect your costs
Tampa is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Tampa residents can expect to pay median rent of $1,567/month while earning a median household income of $71,302/year.
The median home value in Tampa, FL is $375,300, with typical monthly owner costs around $1,553 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.4%, Tampa falls within the generally affordable range, though it's approaching the 30% burden threshold.
Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Tampa.
Common questions about living costs in Tampa
Compare the cost of living in Tampa, FL with 299 other major U.S. cities