Temple Terrace, FL is a great place to live with many amenities. It’s close to Tampa and offers plenty of outdoor activities, shopping, and entertainment. On average, it costs 2 Bedroom Rent in Temple Terrace $1,630 compared to the US median rent at $1,430. The Grocery Cost Index is 103 in Temple Terrace compared to 100 in the US which shows that living expenses are slightly higher here. There are several local companies such as H&M IT Solutions Inc., CMIT Solutions of North Tampa Bay, and more that offer technology services and support. In general, the cost of living in Temple Terrace is slightly higher than the national average but also comes with lots of great amenities and employment opportunities.
Temple Terrace has an unemployment rate of 5.1%. The US average is 6.0%.
Temple Terrace 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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Temple Terrace
- The Sales Tax Rate for Temple Terrace is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Temple Terrace 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 Temple Terrace
- The average income of a Temple Terrace resident is $27,444 a year. The US average is $28,555 a year.
- The Median household income of a Temple Terrace resident is $58,853 a year. The US average is $69,021 a year.