Living in Tampa, Florida
Cost of living, income, home prices, rent and demographics of Tampa · Census data 2020–2024
Tampa has 401,618 residents with a median age of 35.9. The median household income is $75,475 (about the same as the Florida median), the median home value is $420,400, the median rent is $1,701/month.
Tampa at a glance
- Population
- 401,618
- Median age
- 35.9State: 42.6
- Median household income
- $75,475State: $74,568
- Median home value
- $420,400State: $359,000
- Median rent
- $1,701/moState: $1,669
- Homeowners
- 50.3%
- Bachelor's degree or higher
- 45.7%
- Average commute
- 25 min
Is Tampa a good place to live?
Pros: Median household income about the same as the Florida median; an average commute of 25 minutes.
Cons: Home values 17% higher than the state median; unemployment of 4.9%; a poverty rate of 15.5%.
The weather is best in February–March and November–December.
Cost of living in Tampa
Housing is the biggest part of the cost of living. In Tampa the median home value is $420,400, 26% higher than the U.S. median. Renters pay a median of $1,701 per month, which is 33.5% of household income. Homeowners with a mortgage pay $2,179 a month in housing costs.
Tampa median household income
The median household income in Tampa is $75,475 and the income per person is $52,528. 15.5% of residents live below the poverty line (Florida: 12.6%).
Housing in Tampa: homes for sale and rent
- Housing units
- 182,425
- Owner-occupied
- 50.3%
- Renter-occupied
- 49.7%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.31
Tampa demographics
- Population
- 401,618
- Median age
- 35.9
- Under 18
- 19.4%
- 65 and older
- 13.7%
- Households
- 166,278
- Foreign-born
- 19.4%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Tampa ›
Education in Tampa
45.7% of adults 25 and older in Tampa have a bachelor's degree or higher (Florida: 34.1%), and 19% have a graduate or professional degree.
Jobs and commute in Tampa
- Unemployment rate
- 4.9%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 22%
- Drive alone
- 63.4%
- Public transit
- 1.3%
- Walk to work
- 2.2%
- Homes with broadband
- 93.6%
Tampa vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tampa | 401,618 | $75,475 | $420,400 | $1,701 |
| Egypt Lake-Leto | 35,873 | $54,032 | $315,100 | $1,482 |
| Palm River-Clair Mel | 27,844 | $71,787 | $271,700 | $1,525 |
| Carrollwood | 36,725 | $81,959 | $384,600 | $1,715 |
| Town 'n' Country | 85,928 | $73,538 | $337,100 | $1,734 |
| East Lake-Orient Park | 29,213 | $56,573 | $233,200 | $1,555 |
| Lake Magdalene | 32,083 | $75,594 | $371,800 | $1,434 |
| University | 48,127 | $37,207 | $164,900 | $1,295 |
| Temple Terrace | 27,275 | $69,252 | $334,800 | $1,594 |
More for people moving to Tampa
Tampa ZIP code ›Weather and climate ›Living in Tampa: FAQ
What is the median household income in Tampa, FL?
The median household income in Tampa is $75,475, about the same as the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Tampa?
The median home value in Tampa is $420,400, compared with $359,000 in Florida.
How much is rent in Tampa?
The median gross rent in Tampa is $1,701 per month, about 33.5% of household income.
Is Tampa, FL a good place to live?
Pluses: median household income about the same as the Florida median; an average commute of 25 minutes. Minuses: home values 17% higher than the state median; unemployment of 4.9%; a poverty rate of 15.5%.
What is the median age in Tampa?
The median age in Tampa is 35.9 years (Florida: 42.6).
How long is the commute in Tampa?
The average commute to work in Tampa is 25 minutes; 22% of workers work from home.
What is the unemployment rate in Tampa?
The unemployment rate in Tampa is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tampa?
45.7% of adults in Tampa have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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