Cost of Living in Tampa

Tampa has an overall cost-of-living index of 98.5 (national average = 100). This is lower the Florida statewide average of 101.4. Median home prices are $370,000 and average 2BR rent is $1,650/month.

Tampa is near the national average with an index of 98.5.

Average 2-bedroom rent in Tampa is $1,650/month, compared to the national average of $1,400/month and the Florida statewide average of $1,449/month.

Groceries in Tampa have an index of 103 (national average = 100). A typical monthly grocery basket costs about $422 compared to the national average of $410. A dozen eggs costs around $5.10.

Center-based infant childcare in Tampa averages $13,021/year ($1,085/month). This is near the national average of $13,500/year. Data from Child Care Aware of America (2024).

Tampa's housing index is 102 vs the Florida statewide average of 103.5. Median home prices are $370,000 in Tampa vs $385,000 statewide, and 2BR rent averages $1,650/month vs $1,449/month statewide.

Tampa's transportation cost index is 99.8 (national average = 100). Regular gas averages $3.63/gallon. Transportation costs are near the national average.

Tampa's utility cost index is 98.1 (national average = 100). The estimated average monthly electric bill is $111, compared to the national average of $137/month and the Florida statewide average of $111/month. Utility rates are based on EIA 2024 residential electricity data.

A $75,000 salary at the national average cost of living is equivalent to $73,875 in Tampa. Your money goes about as far or further than the national average.

Based on Tampa's cost-of-living index of 98.5, a single adult needs approximately $49,250–$59,250/year to cover basic expenses (housing, food, transportation, healthcare). For a family of four, roughly double that. These estimates scale the national baseline by Tampa's local costs — actual needs vary by household size and lifestyle.

Metro-level data combines BEA Regional Price Parities (2024), C2ER COLI metro indices (2025), Zillow ZHVI/ZORI metro data (2024-2025), and state-level data from MERIC, AAA, EIA, and Child Care Aware.