Tampa, FL
Population 393,389 · Florida
About Tampa, FL
Tampa is a major city located in Florida with a population of 393,389 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,302 per year, which is 5% below the national median of $75,149. The median age of 35.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Tampa features a median home value of $375,300, which is 53% above the national median of $244,900. This places Tampa in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,567, 35% above the national average of $1,163/month. Of the 177,076 total housing units, 50% are owner-occupied (80,597 units) and 50% are renter-occupied (79,930 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Tampa shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 15.9%, above the national average of 12.4%. Workers in Tampa have an average one-way commute time of 24.7 minutes.
Education & Demographics
44.6% of Tampa residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.2% White, 1.2% Hispanic or Latino, 6.1% Black or African American, and 9.1% Asian residents, with 19.0% of the population being foreign-born.
How Tampa Ranks in Florida
Cost of Living in Tampa, FL
Compared to national averages, Tampa has a median household income of $71,302 (5% below the national median of $75,149). Home values average $375,300, which is 53% above the national median. Monthly rent at $1,567 is 35% above the US average of $1,163. Within Florida, Tampa's income is 6% below the state average of $75,893, and home values are 6% above the state median of $353,675.
Why Live in Tampa, FL?
Tampa offers a well-educated community where 44.6% of residents hold a bachelor’s degree or higher, and short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($71,302) that falls below the national average, and a competitive housing market where the typical home costs $375,300. However, as a major city, Tampa provides access to a wide range of amenities and services.
Tampa has a population of 393,389 with a median age of 35.6 years. Compare Tampa with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Tampa
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Miami | 446,663 | $59,390 | $475,200 | Compare |
| Orlando | 311,732 | $69,268 | $359,000 | Compare |
| St. Petersburg | 260,646 | $73,118 | $331,500 | Compare |
| Hialeah | 221,901 | $53,079 | $359,200 | Compare |
| Port St. Lucie | 220,453 | $78,137 | $327,700 | Compare |
| Cape Coral | 206,387 | $76,062 | $339,200 | Compare |
| Tallahassee | 199,696 | $55,931 | $276,000 | Compare |
| Fort Lauderdale | 183,032 | $79,935 | $455,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Tampa With Other Cities
Frequently Asked Questions about Tampa
What is the population of Tampa, FL?
The population of Tampa, FL is 393,389 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Florida.
What is the median household income in Tampa?
The median household income in Tampa, FL is $71,302 per year, which is 5% below the national median of $75,149.
What is the median home value in Tampa?
The median home value in Tampa, FL is $375,300, which is 53% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tampa?
The median monthly rent in Tampa, FL is $1,567, which is 35% above the national average of $1,163/month.
What is the unemployment rate in Tampa?
The unemployment rate in Tampa, FL is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tampa, FL a good place to live?
Tampa offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 393,389 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is Tampa, FL?
44.6% of residents in Tampa aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Tampa?
Key cost-of-living indicators for Tampa, FL: median home value is $375,300 (53% above national), median rent is $1,567/month, and median household income is $71,302. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Tampa?
The poverty rate in Tampa, FL is 15.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Tampa, FL?
Tampa's population is 3.2% White, 1.2% Hispanic or Latino, 6.1% Black or African American, 9.1% Asian, and 20.1% two or more races. 19.0% of residents are foreign-born.