Tampa and Hillsborough County Cost of Living
The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
A figure of 100 points is used as an average both for the USA and Florida. For example:
Boise Idaho is ranked at a 99
Boston Mass is rated at 240
San Francisco at 217
Statewide, Florida cities come in from a low of 90 and up.
One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate 1s 94.0) to Orlando, and you currently make $50,000 per year, the formula is as follows
Take the destination index, in this case Orlando-94.0 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $39,166 which would be required to make in Orlando to have the same quality of life.
See comparable Florida statewide
* Re cost of living–in some areas Real Estate has went up dramatically however costs that factor in such as food, transportation, rents etc have not increased at the same rate-so in some areas, even though housing is expensive, the overall rating may still be low
2007 stats per Sperlings best Places http://www.bestplaces.net/
Boca Raton-154.74
Bradenton-114
Cape Coral-Ft Myers-108.0
Ft Lauderdale-132.0
Fort Walton-Destin-120
Jacksonville metro-94.0
Big Pine Key fl-132.46
Key Largo-146.0
Key West-168.0
Marathon fl-162.06
Miami metro-138.0
Melbourne-92.72
Naples Fl-250.59
Orlando metro-94.0
Palm Bay-84.56
Palm Coast-Flagler-125.01
Panama City-86.35
Pensacola metro-82.0
Sarasota-108.75
Tampa 94.60
Stuart 146.63
St Pete-Clearwater-91.58
Vero-Beach Indian River-122.87
West Palm Beach metro-112.05
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
* New York, NY -164.50
* Long Beach, CA -135.71
* Palo Alto, CA -234.42
* Boston, MA -127.60
* Malibu, CA -492.80
* San Francisco, -187.23
* Greenwich, CT 215
* Chicago, IL -126.45
* Dallas Tx -92,94
* Atlanta Ga -112.21
For more information about cost of living go to either
Sperlings best Places http://www.bestplaces.net/
or Accra’s site at http://www.coli.org
The cost of living across the Tampa area averaged only 94.60% of the national average as of the 4th quarter 2007.
With housing prices substantially below the national average, the Tampa, Hillsborough and Pinellas counties are a great place to live,work and play.
Hillsborough County
Ad Valorem Millage Rates (2004):
Government 7.3120
Schools 8.3609
Special 5.7173
Total 21.3902
Ad Valorem Tax Exemption: No
Retail Sales Tax (Local Option) 1.0
Local Communications Service Tax 2.4
Federal Enterprise Zone Yes
As of 2004, the total Cost of living index was 99.82
Total 98.08
Food 101.07
Health Care 97.70
Housing 94.10
Personal Goods and Services 100.41
Transportation 100.73
Above stats from http://www.eflorida.com/profiles/CountyReport.asp?CountyID=54&Display=al
Housing. Minimum two bedroom (1500 sq ft) single family homes in Tampa, Hillsborough county.
As of August 2005, the median sold price is $215,600.
A typical home insurance policy based on the price of the property?(wind, Flood, Homeowners) A $250,000 home is about $1,400 per year. If in a Flood Zone then add another $700
Utilities.
For water and sewer go to
Water/Sewer (Hillsborough County . . . 813 272-6680
Tampa Bay Water District
Southwest Florida Water Management District
For electric go to
Tampa Electric Company . . . 813 223-0800
Gas Companies:
Peoples Gas (Natural/Propane) . . . 813 275-3892
Telephone Companies
Verizon (Residential) . . . 800 483-4000
In conclusion, the cost of living is really good, especially given the costs of heating in the colder northern states, let alone the change in lifestyle that the Tampa bay area has to offer.
What if you never had to go back from your vacation? You can! You can live the vacation.