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Cost of Living: New York vs Tampa

How expensive is Tampa compared with New York City? Overall prices, rent, goods, utilities and services in the Tampa-St. Petersburg-Clearwater, FL metro area versus the New York metro area, plus the salary you’d need to live the same way.

Tampa is 10% cheaper than New York
Cost of living index 90 (New York metro = 100) · 2024

Salary converter

Same lifestyle in Tampa
$89,630
You’d need $10,370 less per year
≈ $100,413 in New York buys the same standard of living.

Before taxes. Income tax, sales tax and benefits differ a lot between places and aren’t included.

Where the difference comes from

Rent & housing
15% cheaper
Goods (groceries, clothing, etc.)
13% cheaper
Utilities
30% cheaper
Other services (healthcare, dining, transport…)
8% cheaper
New York metroTampa metro

Bars show each category’s price level relative to the US average (BEA Regional Price Parities, 2024). Rent is usually the biggest driver.

The numbers

Metro area
Tampa-St. Petersburg-Clearwater, FL
Price level vs US average
100.9 (New York: 112.6)
Rent vs US average
125.8 (New York: 148.6)
Source
U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Frequently asked questions

Is Tampa cheaper than New York?

Yes. Tampa is 10% cheaper than the New York metro area overall (index 90, New York = 100).

What salary in Tampa equals $100,000 in New York?

About $89,630 a year buys the same standard of living in Tampa as $100,000 in the New York metro area, before taxes.

How do rents in Tampa compare with New York?

Rents and housing costs in the Tampa-St. Petersburg-Clearwater, FL metro area are 15% cheaper than the New York metro area (BEA, 2024).

Where does this data come from?

U.S. Bureau of Economic Analysis Regional Price Parities for 2024, which compare the price of the same basket of goods, rents, utilities and services across US metro areas.

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