Economy in Tampa, Florida

With its proximity to major state universities and close ties to Latin America through Port Tampa Bay, Tampa flaunts a diverse yet balanced economy with prosperous sectors ranging from healthcare to financial services driving the city’s economic growth. Additionally, the quality of life offered by this Florida city combined with government incentives makes it an attractive location for business investment which contributes further to its financial prosperity.

Tampa has an unemployment rate of 5.0%. The US average is 6.0%.

Tampa has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.

Tax Rates for Tampa
- The Sales Tax Rate for Tampa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tampa is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Tampa
- The average income of a Tampa resident is $29,704 a year. The US average is $28,555 a year.
- The Median household income of a Tampa resident is $43,740 a year. The US average is $53,482 a year.