Cost of Living: Tampa, FL vs Newark, NJ (2026)

Tampa

Florida
113
VS

Newark

New Jersey
100

Tampa is 13% more expensive than Newark.

$1,567/mo ↑ 18%
Median Rent
$1,330/mo ↓ 15%
$71,302/yr ↑ 47%
Median Income
$48,416/yr ↓ 32%
$375,300 ↑ 11%
Home Value
$337,800 ↓ 10%
$1,553/mo ↑ 9%
Owner Costs
$1,419/mo ↓ 9%
393,389
Population
307,188

Tax Comparison

0%
Income Tax
10.75%
6.0%
State Sales Tax
6.625%
0.86%
Property Tax
2.23%

Affordability

26.4%
rent-to-income
Affordability
33.0%
rent-to-income

Detailed Comparison

When comparing Tampa, FL and Newark, NJ, the overall cost of living indices are 113 and 100 respectively (national median = 100). Rent is $237/month cheaper in Newark, saving renters about $2,844/year.

Median household income is $22,886/year higher in Tampa. Home values also differ significantly — the median in Tampa is $375,300 compared to $337,800 in Newark.

Florida has no state income tax, giving Tampa residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Tampa vs Newark — common questions

Is Tampa or Newark cheaper to live in?
Based on our cost index, Newark is cheaper to live in with an index of 100 compared to 113 (US average = 100).
What is the rent difference between Tampa and Newark?
Median rent in Tampa is $1,567/month and in Newark it's $1,330/month — a difference of $237/month.
Which city has higher income, Tampa or Newark?
Median household income is $71,302 in Tampa and $48,416 in Newark. Median household income is $22,886/year higher in Tampa.
How do taxes compare between Florida and New Jersey?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Tampa or Newark?
It depends on your priorities. Tampa has a cost index of 113 with median rent of $1,567/mo, while Newark has a cost index of 100 with rent of $1,330/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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