Tampa, FL variant. This is a Tampa, FL-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in Tampa pits the $64,048 median income against a $405,000 median price - a price-to-income ratio of 6.3x.
Can you afford Tampa?
The 28% rule caps housing at $1,494/month on the local median income, supporting roughly $295,548 in price - versus the $405,000 Tampa median.
Tampa is a stretch on the median income; many buyers need higher earnings, more down, or co-borrowers.
About Tampa, FL
Tampa is in Florida, which has no state personal income tax.
Tampa's home prices sit above the national average after strong regional growth.
Tampa's economy includes finance, healthcare, tourism, and its port, with a cost of living above the national average.
Worked example: max price on $64,048
28% of $64,048 ÷ 12 ≈ $1,494/month supports about $295,548 at 6.5% with 20% down - compared with the $405,000 median.
Quick reference
- Median home value: $405,000
- Median rent: $2,050/mo
- Median household income: $64,048
- Local sales tax: 7.5%
- Effective property tax rate: 0.97%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in Tampa?
To afford the $405,000 median home, you'd typically need well above the $64,048 local median income at current rates.
What is the price-to-income ratio in Tampa?
About 6.3x (median home ÷ median income).