Temple Terrace, FL

Average · 101

Florida · Population 26,922 · Updated March 2026

$1,489
Median Rent / Month
$65,756
Median Income
$306,200
Median Home Value
$1,417
Owner Costs / Month

Affordability

How far your income goes in Temple Terrace

27.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$17,868
Annual Rent
$0
State Income Tax
$2,633
Property Tax (est.)

Cost of Living Overview

Temple Terrace has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 101 (where 100 equals the national median), Temple Terrace residents can expect to pay median rent of $1,489/month while earning a median household income of $65,756/year.

The median home value in Temple Terrace, FL is $306,200, with typical monthly owner costs around $1,417 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.2%, Temple Terrace 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 Temple Terrace.

Frequently Asked Questions

Common questions about living costs in Temple Terrace

What is the cost of living in Temple Terrace, FL?
The cost of living index in Temple Terrace, FL is 101 (US average = 100). Median monthly rent is $1,489, median household income is $65,756/year, and the median home value is $306,200.
Is Temple Terrace, FL affordable?
No, Temple Terrace is more expensive than the national average with a cost index of 101. The rent-to-income ratio is 27.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Temple Terrace, FL?
The median gross rent in Temple Terrace, FL is $1,489 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,868.
What is the median household income in Temple Terrace?
The median household income in Temple Terrace, FL is $65,756 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.