Temple Terrace, FL Cost Of Living
Cost Of Living In Temple Terrace, FL Summary
Cost of living in Temple Terrace research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Temple Terrace is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Temple Terrace is 99, with 100 being the average.
The cost of living index in Temple Terrace is 1.0x lower than the national average.
Temple Terrace ranks as the #231 cheapest in Florida out of 459.
Temple Terrace ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Temple Terrace is $242,900.
The median income in Temple Terrace is $58,853.
Table Of Contents
Temple Terrace's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Temple Terrace, FL?
According to the most recent data on the cost of living, Temple Terrace has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Florida, Temple Terrace has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Temple Terrace ranks as #231 most affordable out of the 459 places we measured in Florida. By definition, that implies Temple Terrace ranks as the #228 most expensive place in the Sunshine State.
For more reading on life in Temple Terrace, check out:
- Living In Temple Terrace
- Temple Terrace Crime Report
- Search Homes For Sale In Temple Terrace, FL
In Florida
In America
Temple Terrace Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Temple Terrace. Here is how it fairs on each of the criteria:
The Services index in Temple Terrace is 96.
The Groceries index in Temple Terrace is 104.
The Health index in Temple Terrace is 100.
The Housing index in Temple Terrace is 99.
The Transportation index in Temple Terrace is 98.
The Utilities index in Temple Terrace is 101.
| Living Expense | Temple Terrace | Florida | National Average | |
|---|---|---|---|---|
| Overall | 99 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 99 | 108 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Temple Terrace, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Temple Terrace is $242,900.
The Median Rent in Temple Terrace is $1,224.
The Median Income in Temple Terrace is $58,853.
The Home Value To Income in Temple Terrace is 4.1x.
The Rent To Monthly Income in Temple Terrace is 0.25x.
| Statistic | Temple Terrace | Florida | United States |
|---|---|---|---|
| Median Home Value | $242,900 | $248,700 | $244,900 |
| Median Rent | $1,224 | $1,301 | $1,163 |
| Median Income | $58,853 | $61,777 | $69,021 |
| Home Value To Income | 4.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Temple Terrace, FL Costs By Category
Detailed Temple Terrace Services Costs Vs. Florida
| Item | Temple Terrace | Florida |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.72 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $15.08 | $18.62 |
| Beauty Salon | $37.26 | $39.05 |
Detailed Temple Terrace Groceries Costs Vs. Florida
| Item | Temple Terrace | Florida |
|---|---|---|
| Ground Beef | $5.29 | $4.22 |
| Fried Chicken | $1.74 | $1.39 |
| Milk | $2.66 | $2.05 |
| Potatoes | $3.51 | $3.29 |
| Pizza | $10.25 | $10.62 |
| Beer | $10.69 | $9.38 |
| Toothpaste | $2.82 | $2.34 |
Detailed Temple Terrace Health Costs Vs. Florida
| Item | Temple Terrace | Florida |
|---|---|---|
| Optometrist | $99.12 | $108.57 |
| Doctor | $99.22 | $116.17 |
| Dentist | $105.57 | $99.13 |
Detailed Temple Terrace Transportation Costs Vs. Florida
| Item | Temple Terrace | Florida |
|---|---|---|
| Gasoline | $2.11 | $2.22 |
| Tire Balancing | $55.26 | $50.07 |
Detailed Temple Terrace Utilities Costs Vs. Florida
| Item | Temple Terrace | Florida |
|---|---|---|
| All Electricity | $165.98 | $167.67 |
| Phone | $189.52 | $175.64 |
Temple Terrace SnackAbility
/10
Cost Of Living In Cities Around Temple Terrace
The cost of living varies in the cities and towns around Temple Terrace. Here's a quick look at the cost of living in the most populous nearby places:
Tampa, FL has a cost of living index of 99, 1.0x Temple Terrace.
Brandon, FL has a cost of living index of 99, 1.0x Temple Terrace.
Valrico, FL has a cost of living index of 106, 1.1x Temple Terrace.
| City | Population | Cost Of Living | Vs. Temple Terrace |
|---|---|---|---|
| Tampa, FL | 380,476 | 99 | 1.0x |
| Brandon, FL | 115,330 | 99 | 1.0x |
| Valrico, FL | 39,632 | 106 | 1.1x |
| Egypt Lake-Leto, FL | 36,157 | 94 | 0.9x |
| Carrollwood, FL | 35,846 | 100 | 1.0x |
| Lake Magdalene, FL | 31,211 | 101 | 1.0x |
| East Lake-Orient Park, FL | 30,002 | 89 | 0.9x |
| Citrus Park, FL | 27,440 | 101 | 1.0x |
| Bloomingdale, FL | 25,042 | 105 | 1.1x |
| Northdale, FL | 24,924 | 102 | 1.0x |
