Cost of Living in Temple Terrace, FL
Cost of Living in Temple Terrace, FL has an overall index of 101, 1% above the U.S. baseline of 100. The typical home value is $323,326; typical monthly rent is $1,489; and median household income is $65,756.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Zillow ZHVI market signal as of 2026-02. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Temple Terrace
Living in Temple Terrace
What is the cost of living like in Temple Terrace, FL?+
Living costs in Temple Terrace land close to the national average, with a Cost Index of 101 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $323,326, and typical monthly rents are $1,489. Groceries and utilities are slightly below what you would find in most US cities.
How does Temple Terrace fit a household housing budget?+
Start with housing. Typical monthly rent is $1,489, while local median household income is $65,756. That implies a rent-burden proxy of about 27% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Temple Terrace, FL?+
This model applies no broad Florida wage-income tax. Applying the 0.86% state-level effective owner-occupied proxy to a home worth $323,326 gives a planning estimate near $2,781 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 7.01%.
How much does it cost to rent in Temple Terrace, FL?+
The typical monthly rent in Temple Terrace is around $1,489. That's close to the $1,348 national median. For comparison, the median home value here is $323,326, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Temple Terrace, FL?+
The typical home value in Temple Terrace is $323,326. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,569/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 49% of residents here own their homes.
Are groceries and utilities expensive in Temple Terrace?+
Grocery prices in Temple Terrace are about average compared to the rest of the US (index: 95, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 89). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Temple Terrace, FL like to live in?+
Temple Terrace is a small town with a population of about 26,922. The median age of residents is 34, which is close to the national median. The local poverty rate is 12.62%, near the national average of 12.4%.