Quality of Life in Tampa, FL on a $87,750 Salary

Overview

Living in Tampa, Florida, with an annual salary of $87,750 provides a comfortable lifestyle relative to the city's cost of living and housing market, especially when compared to national averages.

Cost of Living

• General Expenses: Tampa's cost of living is generally aligned with or slightly below the national average. Major expenses such as groceries, utilities, and transportation are comparable to other urban areas in the U.S.
• Sales Tax: The sales tax rate in Tampa is 7.5%, slightly higher than the national average of 7%.
• Healthcare: Healthcare costs are relatively affordable and on par with or slightly below national averages, relieving some financial stress on residents.

Housing Market

• Median Home Price: As of the latest data, the median home price in Tampa is approximately $330,000, which is around the national median. This makes home buying relatively accessible compared to other major cities.
• Renting Options: Rental costs can be moderately high, with median rents slightly exceeding the national median, but still manageable within the given salary range.
• Property Taxes: Florida does not have a state income tax, which can make property taxes more bearable even though they align with national averages.

Quality of Life

• Climate: Tampa offers pleasant weather almost year-round, with mild winters and hot, humid summers. Outdoor activities are abundant, enhancing the quality of life.
• Entertainment and Culture: The area is rich in cultural attractions, dining, and leisure options, including museums, parks, and beaches.
• Safety and Community: Tampa boasts diverse neighborhoods, with numerous safe and vibrant communities suitable for families and young professionals.

Access to Healthcare

• Facility Availability: Tampa has several reputable hospitals and clinics, providing residents with access to quality healthcare services.
• Insurance Options: Multiple insurance providers operate in the area, making it relatively easy for residents to find suitable healthcare plans.

Quality of K-12 Schools

• Public Schools: Tampa has a mix of highly-rated public schools and others with varying performance levels. Investment in education is ongoing, aiming to uplift underperforming schools.
• Private Education: There are numerous private and charter schools offering alternative education options for families, often with specialized curriculums.

Assessment of Lifestyle

Living in Tampa on a salary of