Quality of Life in Tampa, FL on a $63,975 Income

Overview of Cost of Living

• Median Income: $63,975
• Cost of Living Index: Tampa generally has a cost of living index slightly higher than the national average but lower than other major Florida cities like Miami.
• Necessities: Groceries, utilities, and transportation are relatively affordable compared to national figures.

Housing Market

• Median Home Price: As of late 2023, the median home price in Tampa is approximately $400,000, which is higher than the national median but more affordable compared to major coastal cities.
• Rent: Renting can be more favorable, with average rents for a one-bedroom apartment around $1,600 per month.
• Affordability: While homeownership might be challenging on a $63,975 income, especially without dual income, renting remains a viable option.

Quality of Life

• Climate and Environment: Tampa offers a warm climate year-round with access to beaches, parks, and outdoor recreational activities.
• Cultural and Recreational Activities: A vibrant arts scene, numerous sports venues, and proximity to attractions like Busch Gardens and the Tampa Riverwalk enhance entertainment options.

Healthcare Access

• Healthcare Facilities: Tampa has several highly-rated hospitals and healthcare providers, like Tampa General Hospital and the Moffitt Cancer Center.
• Cost and Access: Healthcare costs can be high but are accessible with a good health insurance plan.

Quality of K-12 Schools

• Public School System: Tampa is home to several well-regarded public schools; however, quality can vary significantly by neighborhood.
• Private Schools: A wide range of private schooling options is available, but they can be costly.
• Higher Education: Proximity to universities such as the University of South Florida provides educational opportunities and local cultural enrichment.

Summary

Living in Tampa with an income of $63,975 offers a quality of life characterized by relatively manageable costs for necessities and recreation but challenges in the housing market. Tampa's vibrant cultural scene, quality healthcare, and variety of educational options enhance resident satisfaction. Access to reasonably priced rental housing can offset the challenges in affording homeownership on a single income, whereas sunny weather and lifestyle opportunities contribute positively to living enjoyment.