The 10 Cheapest Tampa, FL Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Tampa are the cheapest of the cheap.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.

Article Table Of Contents   

(Skip to section)

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Tampa might be more expensive than living in rural Florida, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Tampa neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Tampa are the cheapest.

What's the cheapest neighborhood to live in Tampa for 2022? According to the most recent census data, West Riverfront looks to be the cheaptest Tampa neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Tampa. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Tampa that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Tampa.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Florida reading, check out:

The 10 Cheapest Neighborhoods To Live In Tampa For 2022

Overall SnackAbility

3
/10

Population: 1,515
Cost Of Living Index: 79 (cheapest)
Home Value To Income Ratio: 1.0 (cheapest)
Rent To Income Ratio: 0.026 (46th cheapest)
More on West Riverfront: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 7,120
Cost Of Living Index: 83 (3rd cheapest)
Home Value To Income Ratio: 1.7 (3rd cheapest)
Rent To Income Ratio: 0.028 (5cheapest)
More on University Square: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 1,308
Cost Of Living Index: 93 (32nd cheapest)
Home Value To Income Ratio: 2.3 (10th cheapest)
Rent To Income Ratio: 0.014 (17th cheapest)
More on Tampa-Bayshore Gardens: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 2,291
Cost Of Living Index: 93 (32nd cheapest)
Home Value To Income Ratio: 2.7 (19th cheapest)
Rent To Income Ratio: 0.01 (10th cheapest)
More on Tampa International Airport Area: Homes For Sale | Data

Overall SnackAbility

2
/10

Population: 1,170
Cost Of Living Index: 84 (6th cheapest)
Home Value To Income Ratio: 2.2 (5th cheapest)
Rent To Income Ratio: 0.028 (53rd cheapest)
More on Highland Pines: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 7,882
Cost Of Living Index: 91 (27th cheapest)
Home Value To Income Ratio: 2.2 (7th cheapest)
Rent To Income Ratio: 0.022 (33rd cheapest)
More on Forest Hills: Homes For Sale | Data

Overall SnackAbility

3
/10

Population: 1,896
Cost Of Living Index: 83 (3rd cheapest)
Home Value To Income Ratio: 1.6 (2nd cheapest)
Rent To Income Ratio: 0.034 (63rd cheapest)
More on Northview Hills: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 4,512
Cost Of Living Index: 93 (32nd cheapest)
Home Value To Income Ratio: 2.2 (6th cheapest)
Rent To Income Ratio: 0.022 (32nd cheapest)
More on Port Tampa City: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 2,084
Cost Of Living Index: 94 (36th cheapest)
Home Value To Income Ratio: 2.4 (11th cheapest)
Rent To Income Ratio: 0.021 (28th cheapest)
More on Rattlesnake: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 5,943
Cost Of Living Index: 84 (6th cheapest)
Home Value To Income Ratio: 2.5 (14th cheapest)
Rent To Income Ratio: 0.029 (57th cheapest)
More on Old West Tampa: Homes For Sale | Data

Methodology: How We Determined The Cheapest Tampa Hoods In 2022

In order to rank the cheapest places to live in Tampa, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 71 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Tampa." We're lookin' at you, West Riverfront.

Read on below to learn more about what it's like to live in the cheapest places Tampa. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Tampa

If you're measuring the neighborhoods in Tampa where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Tampa aren't all cheap. Live Oaks Square takes the title of the most expensive neighborhood to live in Tampa.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Florida reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Tampa For 2022

Rank Neighborhood Cost Of Living Index
1 West Riverfront 79
2 University Square 83
3 Tampa-Bayshore Gardens 93
4 Tampa International Airport Area 93
5 Highland Pines 84
6 Forest Hills 91
7 Northview Hills 83
8 Port Tampa City 93
9 Rattlesnake 94
10 Old West Tampa 84
11 Orient Park 83
12 Drew Park 88
13 Palma Ceia West 107
14 Sulphur Springs 88
15 River Grove 89
16 Florence 86
17 North Tampa 86
18 West Meadows 107
19 East Tampa 88
20 Northeast Macfarlane 88
21 South Seminol Heights 95
22 Riverside 89
23 Palmetto Beach 87
24 Old Seminol Heights 93
25 Temple Crest 87
26 Seminol Heights 95
27 Riverside Heights 102
28 Lowry Park Central 93
29 Tampa Heights 93
30 Ybor City 87
31 Beasley 86
32 Bayside West 99
33 Bon Air 115
34 College Hill 88
35 Carver City 97
36 Temple Park 88
37 Tampa Palms 111
38 Belmar Gardens 121
39 North Hyde Park 107
40 Bon Air North 102
41 Culbreath 130
42 Grant Park 89
43 Palma Ceia 124
44 Virginia Park 121
45 East Ybor 85
46 Plaza Terrace 90
47 New Tampa 106
48 Hunters Green 123
49 Harbour Island 125
50 Bayshore Beautiful 121
51 Fairoaks 103
52 Wellswood 92
53 Northeast 90
54 West Shore Palms 103
55 Cory Lake Isles 130
56 Sunset Park 159
57 Historic Ybor 97
58 Interbay 97
59 Golf View 136
60 Woodland Terrace 88
61 Ballast Point 117
62 Courier City 107
63 Channelside 118
64 Beach Park 138
65 Parkland Estates 152
66 Oakford Park 97
67 Downtown 93
68 Ridgewood Park 105
69 Davis Island 137
70 Swann Estates 134
71 Live Oaks Square 89

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Tampa.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.