Salary Needed to Live in Tampa as a Family

A family of four (2 adults, 2 children) needs approximately $59,280/year to live comfortably in Tampa, FL — including 15% savings.

Comfortable Salary
$59,280
with 15% savings
Bare Minimum
$47,424
no savings buffer
Monthly Expenses
$2,964
1% above national avg

Detailed Monthly Budget for a Family in Tampa

ExpenseTampaNat'l AvgDiff
🏠 3BR Apartment/House Rent$234$209+12%
🛒 Groceries$49$44+11%
⚡ Utilities$26$28-7%
🚗 Transportation$42$44-5%
🛡️ Car Insurance$182$223-18%
🏥 Health Insurance$54$56-4%
Childcare/After-school$1,224$1,200+2%
Internet + Phones$184$180+2%
Children Activities$255$250+2%
Dining Out$357$350+2%
School Supplies & Clothing$204$200+2%
Healthcare Co-pays$153$150+2%
Total Monthly$2,964$2,934+1%

How We Calculated the Salary

Monthly expenses:$2,964
Target savings (15%):$654/mo
Monthly after-tax needed:$3,618
Effective tax rate:25%

Gross annual salary needed:$59,280

Other Household Types in Tampa

Single Person
$19,883/yr
$1,077/mo expenses
Couple (No Kids)
$27,714/yr
$1,455/mo expenses
Retiree
$20,640/yr
$1,204/mo expenses

Related Pages

Living Alone in TampaCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a family with kids need in Tampa?
A family with kids needs approximately $59,280/year ($4,940/month gross) to live comfortably in Tampa with a 15% savings rate.
How much is rent for a family with kids in Tampa?
A 3br apartment/house in Tampa costs approximately $234/month, which is the largest single expense at 8% of the total budget.
Is Tampa affordable for a family with kids?
Tampa is roughly average for family with kids costs, requiring a salary close to the national median.
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