The City of Tampa is the economic hub of west central Florida. Its economy is founded on a diverse base that includes tourism, health care, finance, insurance, technology, construction, and maritime industry.
What is the main industry in Tampa Florida?
Today, Tampa’s economy is driven by tourism, health care, finance, insurance, technology, construction, and the maritime industry. The bay’s port is the largest in the state, responsible for over $15 billion in economic impact.
How is the economy in Tampa Florida?
The US average is 7.3%. – The Income Tax Rate for Tampa is 0.0%. The US average is 4.6%.
Income and Salaries for Tampa.
| ECONOMY | Tampa, Florida | United States |
|---|---|---|
| Unemployment Rate | 5.0% | 6.0% |
| Recent Job Growth | -4.3% | -6.2% |
| Future Job Growth | 42.7% | 33.5% |
| Sales Taxes | 8.5% | 6.2% |
Why are businesses moving to Tampa?
“We’re able to hire more people and compensate them well because of the caliber of the projects we’re getting here.” Moore has also seen the benefits of larger companies and industries moving in. “The biggest advantage that Tampa Bay offers our business is the ease of access to key influencers in our community.
Why is Tampa so popular?
Known for being one of the hippest cities in America, Tampa is home to a substantial number of bars, restaurants, events, and activities to choose from depending on any vibe you’re looking for.
Who is the largest employer in Tampa?
1. TD Synnex. For years, Largo technology distribution company Tech Data was the largest public company in Tampa Bay. Then in 2020, it sold for $6 billion to a private equity group.
What is a good salary in Tampa?
A good salary in Tampa, FL is anything over $44,000. That’s because the median income in Tampa is $44,000, which means if you earn more than that you’re earning more than 50% of the people living in Tampa. The average salary in Tampa is $54,507. A good hourly wage in Tampa is $21.15 per hour.
What are the top industries in Tampa Florida?
- Defense & Security. Tampa Bay is home to MacDill Air Force Base and a $14 billion (with a “b”) military industry.
- Financial & Professional Services.
- Information Technology.
- Life Sciences & Health Care.
- Manufacturing, Distribution & Logistics.
Why is Tampa Bay economically important?
The City of Tampa is the economic hub of west central Florida. Its economy is founded on a diverse base that includes tourism, health care, finance, insurance, technology, construction, and maritime industry. The City of Tampa is experiencing unprecedented growth in both development and population.
Is Tampa a poor city?
The poverty rate in Tampa is 20.0%. One out of every 5 residents of Tampa lives in poverty. How many people in Tampa, Florida live in poverty? 71,425 of 356,855 Tampa residents reported income levels below the poverty line in the last year.
Is Tampa the new Silicon Valley?
Forbes says Tampa could shape up to be the next Silicon Valley, with Tampa ranking higher on Forbes’ list than Miami, New York City, Austin, Texas, and San Francisco, which respectively placed second through fifth. “Tampa is quickly turning into Florida’s tech capital,” Forbes’ article states.
Is Tampa becoming a tech hub?
Tampa among top 10 fastest growing U.S. tech hubs for IT talent – Dice, 2022. Florida #2 for tech job growth in 2021 – CompTIA, 2022. Tampa #1 emerging tech city in the U.S. – Forbes, 2021.
What companies are moving to Tampa FL?
Tech Company Relocations to the Tampa Bay Soar in 2021
- Pfizer. Pfizer opened a large operations hub in Tampa and, based on the amount of office space leased (100,000 Square feet), it is estimated that Pfizer may be hiring as many as 600 people locally.
- CodeBoxx.
- Suzuki Marine USA.
- TrustLayer.
- Procoto.
- Signode.
Why is Tampa growing so fast?
There’s steady job growth being created by higher-paying professional and business services. In turn, these business expansions are spurring economic growth in Tampa. The result is that there’s a rapidly rising demand for housing in Tampa and Hillsborough County, where Tampa is located.
Why do people want to live in Tampa?
The Best of Tampa, FL. With an estimated population of 392,890 as of 2018, Tampa is one of the most populated areas in Florida. The lack of income tax makes living here quite affordable, and people love the sunny weather. Not to mention, the local attractions and beaches are also very attractive to people out of state.
What is the best area in Tampa to live?
12 Best Neighborhoods in Tampa | (2022) Where to Live in Tampa
- Downtown Tampa – Best Amenities in Town.
- Palma Ceia – Safest Among Tampa Neighborhoods.
- Beach Park – An Affluent Neighborhood in Tampa.
- Hyde Park – Popular Community for Families.
- Westshore – Among Most Affordable Neighborhoods in Tampa.
Are there any Fortune 500 companies in Tampa?
Tampa Bay is home to 20 corporate headquarters, five of which have been named to the Fortune 500 list for 2021: Publix Super Markets (No. 69); Jabil (No. 104); Mosaic (No. 346); Raymond James Financial (No.
Where is Pfizer located in Tampa Florida?
Heights Union
Pfizer’s new facility will be located just north of downtown Tampa in Heights Union, one of Tampa’s first new Class-A office buildings in three decades. Pfizer will join life sciences company Axogen, which chose Tampa for its second headquarters office in 2018 and will occupy three floors at Heights Union.
Who is the largest employer in Pinellas County?
St. Petersburg based-Raymond James Financial has 18,550 employees and is the third-best employer in the state, and the top employer in Tampa Bay.
Is Tampa expensive to live?
Tampa is a reasonably priced city. It is more expensive than the median American city but less expensive than metros like San Diego or New York. For example, a family of four will need an income of $50,000 to $90,000 to live in Tampa; a single adult can live in the city for about $32,000 a year.
How livable is Tampa?
Tampa, Florida’s cost of living is 5% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.