The Tampa Bay area is the most affordable Top 20 U.S. metro, outranking metros such as Dallas, Miami, Atlanta, and Phoenix. While more than half of the major markets saw an above-average cost of living, Tampa Bay was 8.5 points below the national average at the end of 2016, showing that residents are able to live a higher quality of life without high expenses.
For example, a 2,400 square foot, four-bedroom, two-bathroom costs an average of $222,127 in Tampa, but the national average for the same house rings up at $328,533. Meanwhile, a similar home in our nation’s capital would cost nearly $800,000. Renting options in the Tampa Bay area are also more affordable, with the area recently being voted as the seventh best city in the nation for renters. For a 950 square foot, two-bedroom apartment, the local average hovers around $983, while the national average is more than $1,000 a month. More information is available in our Tampa housing section.
Other expenses such as groceries, utilities, and health care also rang in less than the national average. For a visit to the doctors, the national average was more than $107, but in Tampa, the average doctor’s office visit cost slightly more than $94. Similar differences in price can be seen in items and services ranging from eggs to dry cleaning.
With below average living expenses, Tampa not only offers residents a higher quality of life and less stress, but it also makes sense.