Cost of Living in Tampa, Florida in 2025

Tampa, Florida, continues to attract residents with its vibrant culture, warm climate, and growing job market. However, understanding the cost of living is crucial for those considering a move or already residing in the area.​

Overall Cost of Living Index

Tampa’s cost of living index stands at approximately 71.1, indicating that it is slightly more affordable than the national average. This index encompasses various factors, including housing, transportation, and healthcare.​

Breakdown of Costs by Categories

Housing and Rent

Housing remains a significant component of living expenses in Tampa. As of 2025, the average rent prices are as follows:​

Apartment Size	Average Monthly Rent
Studio	$1,947
1-Bedroom	$1,956
2-Bedroom	$2,323

These figures reflect a competitive rental market, with prices varying by neighborhood and amenities. For instance, areas like Harbour Island and Downtown Tampa tend to have higher rents, while neighborhoods such as University Square offer more affordable options.​

Utilities and Internet

Utility costs in Tampa are slightly above the national average. Residents can expect the following monthly expenses:​

Utility	Average Monthly Cost
Electricity	$157
Water & Sewer	Varies
Internet (60 Mbps)	$70.91

These costs can fluctuate based on usage, household size, and service providers. It’s worth noting that electricity rates have seen a slight increase due to recent rate adjustments.​

Transportation

Transportation expenses in Tampa encompass fuel, public transit, and vehicle maintenance. Gasoline prices average around $3.32 per gallon. Public transportation is available through the Hillsborough Area Regional Transit Authority (HART), with a monthly pass costing approximately $70. Notably, HART’s Route 1, which connects downtown Tampa to the University of South Florida, is fare-free in 2025, offering cost savings for commuters. ​

Groceries and Dining

Grocery prices in Tampa have experienced a notable increase, with a 4.3% rise between March 2024 and March 2025. The average monthly food budget is estimated as follows:​

Household Size	Average Monthly Food Cost
1 Person	$671
2 People	$1,342
3 People	$1,747

Dining out remains a popular option, with average meal costs as follows:​

Dining Option	Average Cost
Inexpensive Restaurant	$15
Mid-range Restaurant (2)	$60

These expenses highlight the importance of budgeting for food-related costs, especially given recent price increases in essential items like eggs, meats, and dairy products.​

Healthcare Expenses

Healthcare costs in Tampa have been on the rise. In 2025, the average annual premium for individual coverage reached $8,377. This increase underscores the need for adequate health insurance and financial planning. It’s also important to consider out-of-pocket expenses for services such as doctor visits, dental care, and prescription medications.​

Taxes in Tampa

Florida’s tax structure offers certain advantages:​

• State Income Tax: None
• Sales Tax: 6.5%
• Property Tax: Effective rate of 0.79%

While the absence of state income tax is beneficial, property taxes have seen significant increases in recent years. Homeowners should also be aware of potential increases in property insurance premiums, especially in areas prone to natural disasters.​

Education and Childcare

Childcare costs in Tampa are a considerable expense for families. As of 2025, average costs are:​

Childcare Type	Average Monthly Cost
Daycare	$2,421
Infant Care	$2,479

Tampa is also home to several higher education institutions. The University of Tampa, a private university, charges approximately $17,204 per semester for full-time undergraduate students. The University of South Florida, a public university, offers more affordable tuition rates, with in-state undergraduate students paying around $6,410 per semester. Both universities offer a range of programs and financial aid options.​

Entertainment and Leisure

Tampa offers a variety of entertainment options, with costs varying by activity. For instance, general admission to Busch Gardens Tampa Bay is approximately $70 per day. Residents should budget accordingly for leisure activities, including gym memberships, movie tickets, and cultural events. Additionally, Tampa’s proximity to beaches and parks provides opportunities for low-cost or free recreational activities.​

Frequently Asked Questions

Is Tampa Affordable for Families?
Tampa offers a relatively affordable cost of living compared to other major cities. However, rising housing and childcare costs necessitate careful budgeting for families.​

How Much Money Do You Need to Live Comfortably in Tampa?
A single person may require around $3,000 per month, while a family of four might need approximately $6,000 monthly, depending on lifestyle and housing choices.​

Is Rent Cheaper Here than in Other Florida Cities?
Tampa’s rent prices are competitive, though they have seen increases. Compared to cities like Miami, Tampa remains more affordable.​

What Is the Average Salary in Tampa?
The average salary in Tampa varies by industry, but many residents find it aligns with the cost of living, especially when managing expenses like housing and transportation.​

Are living costs rising in Tampa?
Yes, Tampa has experienced increases in various living costs, including groceries, housing, and healthcare, reflecting broader economic trends.​

Disclaimer: The above data is based on authoritative sources such as the U.S. Census Bureau, U.S. Bureau of Labor Statistics, Florida Department of Health, and other government agencies. For the most current and detailed information, please refer to the respective official websites.