Quick facts: Tampa, FL

Quick Facts

115.2
Cost of Living
above US average
398,173
Population
21.27
Crime Rate per 1000
below US average
$66,802
Median Income
below US average
$839,000
Median House Price
above US average
$4965.94
Average Rent
above US average
17%
Poverty Rate
above US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,802.

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Income Needed to Buy

βœ— Stretch
$263k/year
Based on $839,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $263k vs median $66,802
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Income Needed to Rent

⚠ Stretch
$213k/year
Based on $4965.94/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $213k vs median $66,802
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tampa, FL

Tampa, Florida, situated on the west coast of the state along the Gulf of Mexico, is known for its vibrant culture, rich history, and diverse economy. It features a warm, humid subtropical climate, attracting both residents and tourists year-round. The city is home to a mix of modern skyscrapers and historic architecture, most notably in the Ybor City district, a former cigar-manufacturing center that reflects Tampa's Cuban and Spanish heritage. Tampa Bay offers a variety of recreational opportunities, including parks, beaches, and waterfront activities. Popular attractions include Busch Gardens, an African-themed amusement park, and the Florida Aquarium. The city also boasts a thriving arts scene, with numerous galleries, theaters, and music venues. Economically, Tampa is a hub for finance, healthcare, and tourism, with major employers like the University of South Florida and various healthcare institutions. The city has a diverse population and is known for its lively events, including the Gasparilla Pirate Festival and the Tampa Bay Lightning NHL games. Overall, Tampa combines a rich cultural tapestry with modern amenities, making it a dynamic place to live and visit.

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