How much money do you need to live comfortably in Tampa Florida?

  • Skipper Denton by Skipper Denton
  • 2 weeks ago
  • TAMPA
  • 0
THINKING Tampa

To live comfortably in Tampa, Florida in 2024, you should consider a range of costs that cover housing, food, transportation, and other daily necessities.

Housing

The median home price in Tampa as of 2024 is approximately $380,774 (RentCafe), aligning with the overall upward trend in the real estate market. Properties featured on GulfCoastalLiving.com often exemplify the higher end of this market, showcasing luxury amenities, prime locations, and exclusive community features that cater to discerning buyers. These properties typically offer enhanced privacy, superior design, and access to local attractions such as golf courses, waterfront views, and private docks, making them ideal for those seeking a prestigious and comfortable lifestyle in Tampa.

Renting in Tampa varies significantly based on location and size of the accommodation:

    • A furnished 900 sqft accommodation in an expensive area costs around $3,018 per month, whereas in a more average area it drops to about $2,130.

    • For smaller spaces, like a 480 sqft studio, expect to pay about $1,759 in an expensive area and $1,375 in a normal area (Numbeo).

Buying a home also requires substantial investment, with average home prices hovering around $380,774 (RentCafe).

Food

The cost of groceries for one person includes items like:

    • Milk at approximately $4.56 per gallon

    • A dozen eggs around $3.49

    • Fresh vegetables such as potatoes for about $5.34 per pound (RentCafe).

Dining out can also vary, with a basic lunchtime menu in the business district averaging about $21 (Numbeo).

Transportation

For those commuting or traveling around Tampa:

    • Gasoline costs about $3.43 per gallon

    • A monthly public transport pass is priced at around $64 (RentCafe).

Healthcare

Routine healthcare costs include:

    • A visit to a doctor around $122.32

    • A dental check-up costing approximately $103.33 (RentCafe).

Miscellaneous

Daily living expenses can also include internet and mobile plans, with basic internet services costing around $75.87 per month, and significant mobile plans averaging $64.41 (Numbeo).

Overall

To live comfortably, considering all these costs, a single person might need around $3,000 to $4,000 per month, while a family of four could expect monthly costs around $7,000 to $9,000, depending on lifestyle choices and specific needs. These estimates can help you budget effectively for living in Tampa.

 

For those interested in purchasing real estate in Tampa, Florida, Skipper Denton, a seasoned real estate broker and lifestyle expert with over $300,000,000 in sold properties, is a valuable resource. Working with RE/MAX Alliance Group, Skipper Denton offers expertise specifically in luxury lifestyle properties in the region. More information about available properties can be found on the website GulfCoastalLiving.com, which features a range of luxury homes that cater to a comfortable and upscale lifestyle.

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