A family household will need about $120,000 income to live comfortably in Tampa. The average home prices are around $400,000, utilities will be around $250-$300 monthly, homeowner's insurance if fairly high right now and property taxes are over 1% of the homes assessed value. Overall the housing costs other than home prices are fairly high.
Believe it or not the average rent in Tampa FL is around $2,100. The reason for that is most of the rental properties are north of Interstate-4 and so is most of the affordable housing. The median household income here is similar to the national average but we do have some very expensive areas just like many major cities do.
Tampa Bay is very similar in pricing compared to the national average. One of the reasons is the Tampa Bay area is just so large. To live comfortably near the water is much more expensive than in for example New Tampa which is to the northeast, and still very nice. The St Petersburg Clearwater Beach areas even have more affordable parts just like other cities.
Over 2,000 people a month move to Tampa Bay. The reason it is expensive is demand for housing. If you want to live close to the ocean, pay not state income tax, have world class sports, museums, entertainment and culture you just have to pay for it. Contact us if your planning to move to Tampa FL.
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