Living Cost Compare
New York City

New York

$1,990/mo est.

vs
Tampa

Florida

$1,500/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,990 in New York City, NY versus $1,500 in Tampa, FL. Overall, Tampa, FL is roughly 25% cheaper to live in day-to-day than New York City, NY, driven mainly by rent.

Median household income is $79,713 in New York City, NY and $71,302 in Tampa, FL — about 11% higher in New York City, NY. New York has a top state income tax rate of 10.90% and a 4% state sales tax; Florida has no state income tax and a 6% state sales tax.

Rent

Studio
$1,633
$1,242
+24% in New York City, NY
1 Bedroom
$1,705
$1,324
+22% in New York City, NY
2 Bedroom
$1,781
$1,673
+6% in New York City, NY
3 Bedroom
$2,065
$1,729
+16% in New York City, NY

Buying a Home

Median Home Value
$751,700
$375,300
+50% in New York City, NY

Income

Median Household Income
$79,713
$71,302
+11% in New York City, NY
Metro Median Wage (annual)
$61,430
$48,940
+20% in New York City, NY

People & Lifestyle

Median Age
38.0 yr
35.6 yr
+2.4 yr in New York City, NY
Homeownership
32.8%
50.2%
+17.4 pp in Tampa, FL
Bachelor's+ (25+)
41.0%
44.6%
+3.6 pp in Tampa, FL
Avg Commute
40.6 min
24.7 min
+15.9 min in New York City, NY

Crime (per 100k/yr)

Violent Crime
690.9
443.4
+36% in New York City, NY
Property Crime
2,413.5
1,473.2
+39% in New York City, NY

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
55.0°F
73.4°F
+18.4°F in Tampa, FL
Annual Precipitation
49.9 in
46.3 in
+3.6 in in New York City, NY

Gas

Regular Gasoline
$4.44/gal
$4.25/gal
+4% in New York City, NY

Area: New York City vs Florida.

Public Transit

Base Fare (one-way)
$3.00
$2.00
+33% in New York City, NY

Adult base one-way fare — MTA vs HART (2026).

Utilities

Electricity (¢/kWh)
28.6
14.9
+48% in New York City, NY
Natural Gas ($/MCF)
$18.90
$23.62
+25% in Tampa, FL

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.14
$4.16
+1% in Tampa, FL
Bread (lb)
$1.92
$1.73
+10% in New York City, NY
Eggs (doz)
$2.25
$2.19
+3% in New York City, NY
Ground Beef (lb)
$6.90
$6.56
+5% in New York City, NY
Chicken (lb)
$2.02
$1.90
+6% in New York City, NY
Bananas (lb)
$0.68
$0.61
+10% in New York City, NY

Average prices — Northeast vs South (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NY / FL)
4%
6%
+2.0 pp in FL
Income Tax (top rate)
10.90%
None
+10.9 pp in NY

New York City vs Tampa — FAQ

Is it cheaper to live in New York City or Tampa?
Tampa, FL is cheaper. Its monthly baseline of $1,500 (1BR rent + utilities) runs about 25% below New York City, NY's $1,990, mainly because of rent.
How much more do you need to earn to live in New York City than in Tampa?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $68,000 a year in New York City versus $53,000 in Tampa.
Which has lower taxes, New York City or Tampa?
New York City is taxed under New York's rules (a top state income tax rate of 10.90% and a 4% state sales tax); Tampa under Florida's (no state income tax and a 6% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).