Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Tampa is a financial step down — higher costs without proportional income gain.
Tampa has a cost index of 108 vs 156 for Torrance. Tampa is 48 points cheaper overall. Monthly rent goes from $2,852 to $1,968 (-31%).
If you earn the Torrance median of $113,105, you would need approximately $78,303/year in Tampa to maintain equivalent purchasing power, based on the cost index difference of 48 points (31%).
Median rent in Torrance is $2,852/month. In Tampa it is $1,968/month — a difference of $884 per month, or $10,608 per year.
Moving to Tampa is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $78,303/year in Tampa. The median income there is $71,302.
Estimated monthly essentials total $5,755 in Torrance vs $4,026 in Tampa — a difference of $1,729/month ($20,748/year).
The median home price in Tampa is $369,079 vs $1,103,723 in Torrance. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,866 in Tampa vs $5,581 in Torrance.