Temple Terrace, Florida Cost Of Living

A+

3%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

2%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Temple Terrace	Florida	National
Cost of living	97	99	100
Goods & Services	94	98	100
Groceries	103	106	100
Health care	96	99	100
Housing	98	96	100
Transportation	98	99	100
Utilities	98	105	100

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Cost Of Living Quick Facts

The cost of living in Temple Terrace is 2% lower than the Florida average
The cost of living in Temple Terrace is 3% lower than the national average
Temple Terrace housing is 2% lower than the national average
Florida general sales tax is 18% higher than the national average
Florida state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$77,031	$6,419	$1,797	$2,311
Renters	$39,203	$3,267	$915	$1,176

To approximate the cost of living and the housing affordability in Temple Terrace, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Temple Terrace have a median income of $77,031. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,797 per month to avoid calamity and poverty. The renters in the city have an income of about $39,203, which would make their monthly maximum allowable rental costs $915.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Temple Terrace	National avg.	Difference
Haircut	$15.77	$20.27	22.2%
Beauty Salon	$35.05	$40.39	13.2%
Toothpaste	$2.97	$2.36	25.7%
Shampoo	$1.06	$1.08	1.5%
Movie	$11.64	$10.99	5.9%
Bowling	$16.33	$15.49	5.4%

Groceries

Item	Temple Terrace	National avg.	Difference
Ground Beef	$5.02	$4.30	16.8%
Fried Chicken	$1.67	$1.40	19.3%
Milk	$2.76	$2.20	25.3%
Potatoes	$3.28	$3.22	1.9%
Pizza	$10.16	$10.74	5.4%
Beer	$11.09	$9.60	15.5%

Health Care

Item	Temple Terrace	National avg.	Difference
Optometrist	$96.40	$109.73	12.1%
Doctor	$93.96	$118.34	20.6%
Dentist	$105.33	$100.94	4.4%
Ibuprofen	$11.42	$9.93	15.0%
Lipitor	$442.31	$469.53	5.8%

Housing

Item	Temple Terrace	National avg.	Difference
Home Price	$174,900.00	$184,700.00	5.3%
Avg. Mortgage Payment	$989.61	$1,229.62	19.5%
Apartment Rent	$1,001.00	$949.00	5.5%

Transportation

Item	Temple Terrace	National avg.	Difference
Gasoline	$2.54	$2.71	6.4%
Tire Balancing	$53.96	$51.86	4.1%

Utilities

Item	Temple Terrace	National avg.	Difference
All Electricity	$160.44	$170.84	6.1%
Phone	$192.30	$187.18	2.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Zephyrhills South, FL	4,894	78	21.5%
Zephyrhills North, FL	1,961	82	18.2%
Zephyrhills West, FL	4,856	82	17.6%
University, FL	43,871	85	15.4%
Crystal Springs, FL	982	85	14.8%
Temple Terrace, FL	25,654	97	2.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lebanon, PA	25,654	87	13.2%
Homewood, AL	25,652	113	12.9%
Harvey, IL	25,625	92	8.2%
Troy, OH	25,684	90	9.6%
Tecumseh, ON	25,689	n/a
Temple Terrace, FL	25,654	97	2.8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.