Cost of Living in University CDP (Hillsborough County), FL
Population 48,868 · Florida · Data vintage 2023
(100 = US avg)
At $36,483, median household incomes in University CDP (Hillsborough County) land roughly 51% below the US median, a gap that tends to persist across local labor-market indicators. Rent burden runs high: typical rents of $1,185/month consume roughly 39% of median household income, past the 30% threshold most affordability frameworks flag as strained.
University CDP (Hillsborough County) sits roughly 8 miles north of Tampa — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 61% lower than Tampa's $375,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in University CDP (Hillsborough County)
The median home value in University CDP (Hillsborough County) is $146,400 — 52% below the national median of $305,000. Median rent runs $1,185/month, 10% lower than the national median of $1,314/month. The median household income of $36,483/year is 51% lower than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, University CDP (Hillsborough County) has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in University CDP (Hillsborough County), FL?
University CDP (Hillsborough County) has a cost index of 65 (100 = national average). It is 35% below the national average.
What is average rent in University CDP (Hillsborough County), FL?
The median gross rent in University CDP (Hillsborough County) is $1,185 per month based on 2023 Census data.
What is the average home price in University CDP (Hillsborough County)?
The median home value in University CDP (Hillsborough County) is $146,400 according to 2023 Census ACS data.
What is the median income in University CDP (Hillsborough County)?
The median household income in University CDP (Hillsborough County) is $36,483 per year (2023 ACS 5-year estimates).
What is the sales tax in University CDP (Hillsborough County), FL?
The combined state and local sales tax rate in University CDP (Hillsborough County) is 7.0%. Florida has no state income tax.
Is University CDP (Hillsborough County), FL affordable?
Yes, University CDP (Hillsborough County) is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.
University CDP (Hillsborough County) at a Glance
- Population
- 48,868
- Median Income
- $36,483
- Home Value
- $146,400
- Median Rent
- $1,185/mo
- Unemployment
- 5.7%
- Sales Tax
- 7.0%
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