Cost of Living in University CDP (Hillsborough County), FL
Cost of Living in University CDP (Hillsborough County), FL has an overall index of 78, 22% below the U.S. baseline of 100. The typical home value is $146,400; typical monthly rent is $1,185; and median household income is $36,483.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Typical rent takes a large share of local household income. This describes the local market, not your household.
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Frequently asked questions about University CDP (Hillsborough County)
Living in University CDP (Hillsborough County)
Is University CDP (Hillsborough County), FL an affordable place to live?+
Yes — everyday expenses in University CDP (Hillsborough County) run about 22% below the US average (Cost Index: 78). Housing is especially affordable: the median home is valued around $146,400, compared to the $303,400 national median. Monthly rent is $1,185, versus $1,348 nationally.
How does University CDP (Hillsborough County) fit a household housing budget?+
Start with housing. Typical monthly rent is $1,185, while local median household income is $36,483. That implies a rent-burden proxy of about 39% 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 University CDP (Hillsborough County), FL?+
This model applies no broad Florida wage-income tax. Applying the 0.86% state-level effective owner-occupied proxy to a home worth $146,400 gives a planning estimate near $1,259 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 University CDP (Hillsborough County), FL?+
The typical monthly rent in University CDP (Hillsborough County) is around $1,185. That's roughly 12% lower than the $1,348 national median. For comparison, the median home value here is $146,400, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in University CDP (Hillsborough County), FL?+
The typical home value in University CDP (Hillsborough County) is $146,400. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $710/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 15% of residents here own their homes.
Are groceries and utilities expensive in University CDP (Hillsborough County)?+
Grocery prices in University CDP (Hillsborough County) are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is University CDP (Hillsborough County), FL like to live in?+
University CDP (Hillsborough County) is a smaller city with a population of about 48,868. The median age of residents is 27.5, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 35.69%, above the national average of 12.4%.