Retirement Savings Calculator for Tampa, FL
Updated 2026 · Local data pre-filled
The median household income in Tampa is $63,800. With a cost of living index of 108, your retirement needs will be higher than average. Planners generally recommend saving 10–15% of income; at Tampa's median income that's $7,656–$9,570 per year.
✓ Calculator below is pre-filled with Tampa local data
How Tampa Compares to the National Average
Understanding how Tampa stacks up helps you calibrate your financial planning.
| Metric | Tampa, FL | US Average | Difference |
|---|---|---|---|
| Median Home Price | $390,000 | $420,800 | -7.3% |
| Median Monthly Rent | $1,435 | $1,713 | -16.2% |
| Median Household Income | $63,800 | $74,580 | -14.5% |
| Property Tax Rate | 0.91% | 1.10% | -17.3% |
| Cost of Living Index | 108 | 100 | +8.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Tampa Financial Snapshot
- Population (Metro)
- 3,250,000
- Unemployment
- 3.3%
- Avg Commute
- 27 min
- Median Age
- 39.2
- Price-to-Rent Ratio
- 22.6x
- Annual Property Tax
- $3,549
Retirement Savings Calculator in Other Florida Cities
Frequently Asked Questions — Tampa
What is the median home price in Tampa, FL?
The median home price in Tampa is $390,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Tampa?
Median monthly rent in Tampa is $1,435. That works out to $17,220/year, or 27% of the median household income — within the commonly recommended 30% of income guideline.
Is Tampa affordable?
Tampa's cost of living index is 108 vs. the national average of 100. With a median household income of $63,800/year and a median home price of $390,000, the price-to-income ratio is 6.1x. This makes homeownership a significant stretch for the typical Tampa household.
What is the property tax rate in Tampa?
The effective property tax rate in Tampa is 0.91% of assessed value. On the median home of $390,000, that's roughly $3,549/year ($296/month).