What is middle class income in Tampa FL ?

According to the US Census Bureau the current median household income is $55,634. The median individual income is of course lower at $30,675. You will see this number vary throughout the year and it might not accurately include those who receive tips etc.

Tampa FL

Why The Median Household Income?

The average household income is to greatly influenced by extremes. For example if someone who is a billionaire moves into your community the average household income would shoot through the roof but the median would remain almost undisturbed. If your community had 21 home owners and they were listed from richest to poorest the median income would be number 11. Trust me, this works best in most instances.

The National Average Household Income Vs Tampa FL

The national average median individual income is $44,225 and household income is $87,864. With population growth of over 1% per year the median value of housing units is on the rise faster than the middle class's wages are growing.

Average Income Disparity

Tampa FL has vastly different worlds all connected and short distances apart. Just north of downtown Tampa FL the price of housing goes down significantly. Not only that but the crime rate is also higher in several parts of north Tampa where most of the total population resides. Davis Islands usually has the most expensive homes and South Tampa follows closely. I would estimate a household should average $120,000 per year to live an average household income lifestyle in Tampa FL.