Cost of Living in Tampa, Florida
Tampa has a population of about 401,618. The median household income is $75,475, median gross rent is $1,701/month, and the median home value is $420,400. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Tampa expensive to live in?
Compared with the national median in this dataset, rent in Tampa is about the national median and home values are 12% above the national median. Household income here is 10% below the national median. Monthly rent represents roughly 27% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Tampa?
The median gross rent in Tampa, Florida is $1,701 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Tampa?
The median owner-occupied home value in Tampa is $420,400 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Tampa?
The median household income in Tampa is $75,475 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.