Cost of Living in Hillsborough County, FL

What does it cost to live in Hillsborough County? Income, housing, and affordability breakdown.

Median Income

$70,612

Median Rent

$1,413/mo

Median Home

$294,900

Affordability

326

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,491
Property Tax$216
Insurance$98

Total Monthly$1,805
% of Income30.7%

Renting

Median Rent$1,413
Renter's Insurance$25

Total Monthly$1,438
% of Income24%

Living in Hillsborough County, Florida

Hillsborough County has a median household income of $70,612 with housing costs that represent 30.7% of income for owners and 24% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 326 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Florida

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.