Quality of Life for a Tampa Resident Earning $118,050 Annually

Cost of Living

• Comparison to National Average: Tampa's cost of living is slightly higher than the national average, primarily due to housing costs.
• Index Breakdown:
  • Groceries and Utilities: Marginally higher than the U.S. average.
  • Transportation: Lower than many major cities, aided by lower-than-average gas prices.
  • Overall Affordability: An annual salary of $118,050 positions a resident comfortably above the median U.S. household income, making Tampa manageable in terms of overall cost of living.

Housing Market

• Current Home Prices: The median home price in Tampa is slightly above the national median but still offers relatively good value compared to other major metropolitan areas.
• Market Trends: The real estate market in Tampa has been seeing steady growth, driven by demand and an influx of out-of-state buyers.
• Affordability: With an income of $118,050, purchasing a median-priced home is feasible, although some budget planning is advisable to manage housing costs efficiently.

Quality of Life

• Outdoor and Recreational Activities: Tampa offers ample opportunities for outdoor activities, including beaches, parks, and a vibrant arts scene.
• Climate: Favorable climate with warm weather throughout the year, though summers can be humid and prone to storms.
• Cultural and Social Scene: Diverse cultural and social offerings provide residents with numerous entertainment options and events.

Access to Healthcare

• Healthcare Facilities: Tampa is home to several highly regarded hospitals and healthcare facilities.
• Insurance and Cost: Healthcare costs are slightly above the national average, but many employers offer competitive health insurance plans.

Quality of K-12 Schools

• Public School System: The quality varies by district, with some schools rated highly and others needing improvement.
• Private and Charter Schools: Numerous private and charter school options are available, often with strong academic programs.
• Educational Resources: There are abundant resources and extracurricular activities available to students, enhancing educational opportunities.

Summary

Tampa offers a high quality of life to residents earning $118,050 annually. The cost of living, while slightly elevated due to housing, is manageable with this income level. The city provides diverse cultural and recreational amenities, good access to healthcare, and a range of educational options, making it an attractive