Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in Tampa, and compare it to the local minimum wage and MIT living wage for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Tampa minimum wage: $14.00/hour | Living wage: $21.00/hour
Median household income in Tampa is about $66,000. The applicable minimum wage is $14.00/hour, and the MIT living wage for a single adult is about $21.00/hour. Use the comparisons below to see where a given salary lands.
| Pay Benchmark (Tampa) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $14.00 | $29,120 |
| MIT living wage (single adult) | $21.00 | $43,680 |
| Median household income | $31.73 | $66,000 |
| Standard full-time hours | - | 2,080 hours/year |
Tampa anchors the Tampa Bay region with a diversified economy spanning finance and insurance back-office operations, healthcare, the Port of Tampa Bay, defense at MacDill Air Force Base (home to U.S. Central Command), and a booming tourism and technology scene.
| Local Metric | Tampa (2026 estimate) |
|---|---|
| Metro population | 400,000 |
| County / jurisdiction | Hillsborough County |
| Cost of living index (US avg = 100) | 102 |
| MIT living wage, single adult | $21.00/hour |
| MIT living wage, one earner supporting a family of four | $41.00/hour |
| Applicable minimum wage | $14.00/hour |
| Average rent, 1-bedroom | $1,750/month |
| Average rent, 2-bedroom | $2,150/month |
| Median home price | $400,000 |
| Median household income | $66,000/year |
| Combined sales tax rate | 7.5% |
| Effective property tax rate | 1.09% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your annual salary by your total work hours per year (40 hours/week times 52 weeks is 2,080 hours). For example, a $66,000 salary in Tampa is about $31.73/hour at full time.
Median household income in Tampa is around $66,000. Because the cost-of-living index is 102 (US average = 100) and average 1-bedroom rent is $1,750/month, what counts as comfortable depends heavily on housing costs.
The applicable minimum wage in Tampa is $14.00/hour, which is about $29,120/year at full time. Florida sets a statewide minimum wage above the federal rate that rises to $15.00 on September 30, 2026 under a 2020 constitutional amendment. Cities in Florida cannot set their own minimum wage.
The MIT Living Wage Calculator estimates a single adult in Hillsborough County needs about $21.00/hour, roughly $43,680/year, to cover basic costs without assistance.
At full time, $66,000/year is about $31.73/hour, $5,500/month gross, and $2,538 per biweekly paycheck before taxes.