Tampa, Florida (33616) is an excellent place to live for those seeking a balance between affordability and amenities. The median rent for a two-bedroom apartment in Tampa is $1,970, roughly $540 more than the national average of $1,430. Grocery prices in Tampa are also higher than the US average; the Grocery Cost Index in Tampa is 105 versus 100 nationally. Despite higher costs of living than some other cities in Florida, Tampa offers access to some of the state's best attractions and outdoor activities including kayaking along the Hillsborough River or visiting Lowry Park Zoo. Additionally, Tampa boasts an ever-growing list of local businesses like Cafe Hey or Cigar City Brewing that offer unique experiences for residents and visitors alike.
Tampa (zip 33616) has an unemployment rate of 5.0%. The US average is 6.0%.
Tampa (zip 33616) 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 (zip 33616)
- The Sales Tax Rate for Tampa (zip 33616) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tampa (zip 33616) 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 (zip 33616)
- The average income of a Tampa (zip 33616) resident is $31,436 a year. The US average is $28,555 a year.
- The Median household income of a Tampa (zip 33616) resident is $74,245 a year. The US average is $69,021 a year.