Living Wage Calculator - Living Wage Calculation for Tampa-St. Petersburg-Clearwater, FL (2024)

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time, or 2080 hours per year. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. In households with two working adults, all hourly values reflect what one working adult requires to earn to meet their families’ basic needs, assuming the other adult also earns the same.

The poverty wage and state minimum wage are for reference purposes. Poverty wage estimates come from the Department of Health and Human Services’ Poverty Guidelines for 2024 and have been converted from an annual value to an hourly wage for ease of comparison. The state minimum wage data is sourced from the Labor Law Center and includes the minimum wage in a given state as of January of that year.

For further detail, please reference the Methodology page. The data on this page was last updated on February 14, 2024.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Living Wage $22.70 $37.43 $45.55 $58.52 $30.64 $36.40 $40.60 $44.21 $15.32 $20.84 $25.18 $28.96
Poverty Wage $7.24 $9.83 $12.41 $15.00 $9.83 $12.41 $15.00 $17.59 $4.91 $6.21 $7.50 $8.79
Minimum Wage $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00 $12.00

Typical Expenses

The table below shows the costs of each basic need that go into estimating the living wage. Like with the living wage, their values vary by location and family size.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children 0Children 1Child 2Children 3Children
Food $4,526 $6,671 $10,007 $13,300 $8,297 $10,328 $13,301 $16,218 $8,297 $10,328 $13,301 $16,218
Child Care $0 $9,685 $17,980 $24,813 $0 $0 $0 $0 $0 $9,685 $17,980 $24,813
Medical $2,590 $8,363 $8,249 $8,721 $6,142 $8,249 $8,721 $8,308 $6,142 $8,249 $8,721 $8,308
Housing $17,478 $22,327 $22,327 $28,551 $18,841 $22,327 $22,327 $28,551 $18,841 $22,327 $22,327 $28,551
Transportation $8,809 $10,195 $12,842 $14,776 $10,195 $12,842 $14,776 $14,759 $10,195 $12,842 $14,776 $14,759
Civic $2,165 $3,810 $4,795 $5,553 $3,810 $4,795 $5,553 $5,191 $3,810 $4,795 $5,553 $5,191
Internet & Mobile $1,551 $1,551 $1,551 $1,551 $2,130 $2,130 $2,130 $2,130 $2,130 $2,130 $2,130 $2,130
Other $3,903 $6,966 $7,407 $10,238 $6,966 $7,407 $10,238 $9,841 $6,966 $7,407 $10,238 $9,841
Required annual income after taxes $41,022 $69,568 $85,158 $107,504 $56,381 $68,079 $77,047 $84,999 $56,381 $77,764 $95,027 $109,812
Annual taxes $6,193 $8,281 $9,590 $14,216 $7,344 $7,642 $7,405 $6,967 $7,344 $8,946 $9,738 $10,643
Required annual income before taxes $47,215 $77,850 $94,749 $121,719 $63,725 $75,721 $84,452 $91,967 $63,725 $86,709 $104,765 $120,455

Typical Annual Salaries

The average annual salaries for various occupations in the table below comes from the latest state-level data from the Bureau of Labor Statistics’ Occupational Employment and Wage Estimates. When available, this data is specific to a given metro area.

Occupational Area Typical Annual Salary
Management $124,660
Business & Financial Operations $77,900
Computer & Mathematical $94,100
Architecture & Engineering $84,950
Life, Physical, & Social Science $70,510
Community & Social Service $49,520
Legal $106,070
Education, Training, & Library $58,270
Arts, Design, Entertainment, Sports, & Media $64,330
Healthcare Practitioners & Technical $92,470
Healthcare Support $36,530
Protective Service $50,220
Food Preparation & Serving Related $31,420
Building & Grounds Cleaning & Maintenance $31,590
Personal Care & Service $34,210
Sales & Related $48,460
Office & Administrative Support $42,830
Farming, Fishing, & Forestry $33,760
Construction & Extraction $47,710
Installation, Maintenance, & Repair $48,760
Production $41,220
Transportation & Material Moving $38,670
Living Wage Calculator
       - Living Wage Calculation for Tampa-St. Petersburg-Clearwater, FL (2024)

FAQs

Living Wage Calculator - Living Wage Calculation for Tampa-St. Petersburg-Clearwater, FL? ›

The CDC serves low- to middle-income communities. According to a recent study by Smart Asset, single adults living in Tampa, St. Petersburg, and Orlando must have an average salary range of $94,000 to $100,000 to live comfortably.

What salary do you need to live in St. Petersburg, FL? ›

The CDC serves low- to middle-income communities. According to a recent study by Smart Asset, single adults living in Tampa, St. Petersburg, and Orlando must have an average salary range of $94,000 to $100,000 to live comfortably.

What is a liveable wage in Tampa? ›

In Tampa Bay, an individual without a child must make an annual salary of at least $94,432 — or an hourly wage of $45.40 — to achieve a comfortable lifestyle, as defined in the study. That breaks down to nearly $47,216 going toward needs, about $28,329 toward wants and close to $18,886 toward debt/savings.

How much do you need to make to live comfortably in Clearwater, Florida? ›

According to the living wage calculator, the average single Floridian needs to make at least $17.72 an hour, or $36,848 a year before taxes in order to make a livable wage. Floridians living in the Tampa-St. Petersburg-Clearwater metro area need to make a little more — $17.89 or $37,215 — before taxes to get by.

What is a living wage in Pinellas County? ›

What's the "living wage"? The living wage in Pinellas County is $21 an hour. The living wage in Pinellas County is different from Palm Beach County. Lake City living wage is different from Jacksonville.

Can I live in Florida on 50k a year? ›

What is a livable salary in Florida? MIT's Living Wage Calculator says a livable salary for a single person in Florida with no children is about $46,000 before taxes.

What is considered a livable wage in Florida? ›

What is a 'living wage' in Florida?
1 adult with no children1 adult with 1 child1 adult with 2 children
$46,645$77,515$94,356
Apr 17, 2024

Is it cheaper to live in Clearwater or Tampa? ›

You would need around 6,825.5$ in Tampa, FL to maintain the same standard of life that you can have with 6,600.0$ in Clearwater, FL (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax).

Where is the most expensive place to live in Clearwater Florida? ›

The Most Expensive Neighborhoods in Clearwater FL: Luxury Homes Along Florida's Gulf Coast
  • Harbor Oaks. Harbor Oaks is a prestigious and historic neighborhood offering a range of single-family homes with ample living space and luxurious amenities. ...
  • Island Estates of Clearwater. ...
  • Mandalay. ...
  • Bayside. ...
  • Renaissance Oaks.
Mar 19, 2024

How expensive is it to live in Clearwater, FL? ›

Clearwater's housing expenses are 9% lower than the national average and the utility prices are 3% lower than the national average. Transportation expenses like bus fares and gas prices are 0% higher than the national average. Clearwater has grocery prices that are 8% higher than the national average.

Is $80,000 a good salary for a single person? ›

Is $80K a good salary for a single person? $80,000 is about $5,000 higher than the U.S. median household income, so many people would consider it very good for a single person. “Good” is always a relative term when it comes to salary; whether or not the amount you earn covers your expenses is a highly personal dynamic.

Is $30 an hour good in Florida? ›

But that's a median average, the middle amount in the whole range of income. According to the Florida Bureau of Workforce Statistics and Economic Research Quarterly Census, the average annual wage in Florida in 2022 was $63,770, or $30.66 an hour.

Is it expensive to live in St. Petersburg, Florida? ›

Those who are lucky enough to live in the city enjoy a cost of living slightly below the national average. Despite there being a slight increase in the city's cost of living over time, St. Petersburg is still affordable, especially when it comes to housing and transportation.

What is the average salary in Saint Petersburg? ›

As of May 24 the average annual salary in St. Petersburg is $47,807. Just in case you need a simple salary calculator, that works out to be approximately $22.98 an hour. This is equivalent of $919 a week or $3,983 a month.

Why is rent so high in St. Petersburg FL? ›

Petersburg metro area from within the U.S. Many of those new migrants heading for Florida are being drawn to St. Petersburg given its beaches, sunny weather, and arts and culture scene. With more people relocating to the city, demand for apartments continues rising, allowing landlords to push rents higher.

What is the average household income in St. Petersburg Florida? ›

What are the median and average incomes in St. Petersburg?
Y-o-Y Change
Average Household Income$91,3826.2%
Median Household Income$64,3755.9%
People below Poverty Level30,8114.6%
People above Poverty Level219,999-2.9%

Top Articles
Latest Posts
Article information

Author: Carlyn Walter

Last Updated:

Views: 6144

Rating: 5 / 5 (50 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Carlyn Walter

Birthday: 1996-01-03

Address: Suite 452 40815 Denyse Extensions, Sengermouth, OR 42374

Phone: +8501809515404

Job: Manufacturing Technician

Hobby: Table tennis, Archery, Vacation, Metal detecting, Yo-yoing, Crocheting, Creative writing

Introduction: My name is Carlyn Walter, I am a lively, glamorous, healthy, clean, powerful, calm, combative person who loves writing and wants to share my knowledge and understanding with you.