Is Temple Terrace Expensive?

Tampa, United States

-18% vs Tampa avg

Living in Temple Terrace, Tampa

Temple Terrace is one of the most affordable neighborhoods in Tampa, with a cost of living index of 52.9 — that is -18% compared to the Tampa average. Ranked #23 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,394/month, compared to a range of $1,156 in Plant City to $2,346 in Palma Ceia.

Monthly Budget Breakdown

For a typical resident of Temple Terrace, housing takes up roughly 37% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $55,760 before tax.

Typical Salaries in Temple Terrace

Salaries in Temple Terrace reflect the local cost of living. Based on the neighborhood COLI of 52.9:

After tax and deductions of 19.1% in United States, take-home pay for someone earning $55,760 would be roughly $45,110/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

52.9
COLI Index
0.82x
vs City Avg
$1,394
Est. 1BR Rent
#23
of 30 Areas
19.1%
Total Deductions

Tax & Deductions in Temple Terrace

Estimated annual deductions on a $39,675 salary in Temple Terrace, Tampa (local employee).

Income Tax
11%
Social Security + Medicare (FICA)
7.6%
Total Deductions: 19.1%
Est. Take-Home: $32,111/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Temple Terrace would need to be elsewhere:

City Currency Equivalent
New York USD $39,675
London GBP £34,144
Dubai AED AED 198,525

Other Neighborhoods in Tampa

Neighborhood COLI Multiplier vs Avg
Palma Ceia 89.0 1.38x +38%
Hyde Park 87.1 1.35x +35%
Davis Islands 85.1 1.32x +32%
Harbour Island 83.9 1.30x +30%
Bayshore 82.6 1.28x +28%

View all 30 neighborhoods in Tampa →

Convert Your Salary

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Temple Terrace:

Al Ain, Abu Dhabi Mohamed Bin Zayed City, Abu Dhabi North York, Toronto Don Mills, Toronto Tai Po, Hong Kong Dalry, Edinburgh

Frequently Asked Questions

Is Temple Terrace expensive in Tampa?

Temple Terrace is one of the more affordable neighborhoods in Tampa. It costs about -18% less than the city average, ranking #23 out of 30 neighborhoods.

How does Temple Terrace compare to the Tampa average?

The cost of living in Temple Terrace is below the Tampa average. With a multiplier of 0.82x, everyday expenses including rent, food, and transportation are -18% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.