Households in Tampa, FL have a median annual income of $57,709, which is less than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $54,599 in 2018, which represents a 5.7% annual growth.
What is a good salary for Tampa Florida?
How much money does a person working in Tampa make? A person working in Tampa typically earns around 87,900 USD per year. Salaries range from 22,200 USD (lowest average) to 392,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
What is a liveable wage in Tampa Florida?
The living wage in Tampa is $15.08 per hour, which is the basic wage required to pay for essentials such as housing, food, and necessities.
What is the median income in Tampa Bay Florida?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 24.9 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $55,634 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $37,834 |
How much do I need to make to live comfortably in Tampa?
The group estimates a family of two adults and two children in the Tampa/St. Pete area would need to earn a combined $ 77,064 per year — or $ 6,422 a month — to live comfortably.
Is Tampa cheap to live?
Tampa Bay is more affordable than any other urban area in Florida, according to a new report. With lower-than-average rents and utilities, Tampa Bay is one of the most affordable areas of its size in the nation.
Is it cheaper to live in Orlando or Tampa?
Orlando is 4.0% more expensive than Tampa. Orlando housing costs are 11.8% more expensive than Tampa housing costs. Health related expenses are 1.3% less in Orlando.
Is it cheaper to live in Tampa or Miami?
The cost of living in Tampa, FL is -15.4% lower than in Miami, FL. You would have to earn a salary of $50,751 to maintain your current standard of living. Employers in Tampa, FL typically pay -2.2% less than employers in Miami, FL.
Why is rent so high in Tampa?
The problem is especially acute in the Tampa Bay market, where the population is about 3.1 million. The pandemic beckoned thousands more people to its beachside communities and the rental vacancy rate fell, creating a pronounced housing shortage that experts don’t expect to improve any time soon.
Is Tampa a poor city?
In parts of the region, almost half of children live in poverty, new study finds. TAMPA — About 20 percent of Hillsborough County children live in poverty, according to U.S. Census data, roughly the same as the average across Florida.
What is the average home price in Tampa FL?
The area’s median listing price has been steadily on the rise. As of January 2020, the median list price for a home was $279,450—a year-over-year (YOY) increase of 5.7%, according to realtor.com.
Is Tampa becoming overpopulated?
Look out, Tampa-St. Petersburg, FL. Population growth is bearing down on you. The population of the four-county metro area is projected to grow more than 20 percent from 2015 to 2030, with Pasco County leading the way but Hernando and Hillsborough counties nipping at its heels.
What is middle class income Florida?
Income needed to be considered middle class: $27,359 – $132,662. Median family income: $71,348 (11th lowest) Share of income held by “middle class”: 44.8% (3rd lowest) Share of income held by wealthiest 5% of households: 24.1% (3rd highest) Cost of living in Florida: 1.0% more expensive than U.S. avg.
Is 70 000 a good salary in Florida?
A new study from How Much, a finance information website, states that Floridians needs to make roughly $70,360 a year in order to afford the average home.
What qualifies as low income in Florida?
As of 2022, the federal poverty line, which applies to Florida, is $13,590 for one person. That number increases by $4,720 for each additional family member, making $27,750 the 2022 federal poverty line for a family of four, according to HealthCare.gov.
Where should I not live in Tampa?
Some popular Tampa neighborhoods to avoid include:
- Orient Park: Crime rates 60% higher than the rest of Tampa.
- Live Oaks Square: 1 in 20 chance of becoming a victim of a crime.
- Highland Pines: Crime rates 233% higher than the rest of Tampa.
- Woodland Terrace: Crime rates 170% higher than the rest of Tampa.
What part of Tampa is best to live in?
Best Suburbs of Tampa, Florida
- Citrus Park. Population: 24,252. Median Home Value: $215,400.
- Land O’ Lakes. Population: 31,996.
- Westchase. Population: 21,747.
- East Lake. Population: 30,962.
- Valrico. Population: 35,545.
- Wesley Chapel. Population: 44,092.
- Oldsmar. Population: 14,841.
- Palm Harbor. Population: 57,439.
Is Tampa Better than Miami?
On the whole, Tampa beats out Miami in terms of housing affordability: Miami’s average housing costs loom 44% above national averages, with the median rent surpassing Tampa’s by $300 per month. However, utility bills for Miamians are cheaper than those of Tampa residents—and, remarkably, 1% below the national average.
Which is the best place to live in Florida?
Here are the 14 Best Places to Live in Florida:
- Daytona Beach.
- Port St. Lucie.
- Ocala.
- Fort Myers.
- Tallahassee.
- Lakeland.
- Orlando.
- Miami.
What is safer Tampa or Orlando?
According to the experts, Tampa—in general—is a safer place to live than Orlando. The violent crime rate is half that of Orlando’s crime rate. Orlando came in with a whopping 4,800 crimes per 100,000 people. Tampa came in with just 1,600 violent crimes per 100,000.
Whats the coldest month in Tampa?
January
The cool season lasts for 2.7 months, from December 8 to February 27, with an average daily high temperature below 74°F. The coldest month of the year in Tampa is January, with an average low of 52°F and high of 71°F.