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Cost of Living in University CDP (Hillsborough County), FL

Population 48,127 · Census ACS 2020–2024 5-year estimates

Median rent$1,295
Median home value$164,900
Median household income$37,207

The median rent in University CDP (Hillsborough County), FL is $1,295/month, 22% lower than the Florida median and 8% lower than the U.S. median. The median home value is $164,900, 50% lower than the national median. Households earn a median of $37,207 a year, 50% lower than the state median.

Affordability

Rent as a share of median income: 41.8%
Income needed for median rent (30% rule): $51,800/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $834/mo

Run your own numbers: mortgage calculator · hourly to salary

University CDP (Hillsborough County) vs. Florida vs. U.S.

University CDP (Hillsborough County)FloridaU.S.
Median rent$1,295$1,669$1,413
Median home value$164,900$359,000$332,700
Median household income$37,207$74,568$80,734
Homeownership rate12.9%67.6%65.2%
Bachelor's degree or higher20.6%34.1%35.7%
Poverty rate37.0%12.6%12.5%
Unemployment rate5.1%4.8%5.2%
Work from home12.9%15.7%15.1%
Median age28.042.638.9

FAQ

What is the average rent in University CDP (Hillsborough County), FL?

The median gross rent in University CDP (Hillsborough County), FL is $1,295 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in University CDP (Hillsborough County), FL?

Using the common 30% rule, renting a median-priced home takes about $51,800 a year in gross income.

Is University CDP (Hillsborough County), FL expensive to live in?

Rent there is 8% lower than the U.S. median, and the median home costs about 4.4 times the median household income.

Other cities in Florida

Jacksonville, FLRent $1,465 · Income $69,872Miami, FLRent $1,758 · Income $62,462Tampa, FLRent $1,701 · Income $75,475Orlando, FLRent $1,747 · Income $72,336St. Petersburg, FLRent $1,663 · Income $75,192Port St. Lucie, FLRent $1,937 · Income $80,648

Cities with a similar cost of living

West Lafayette, INRent $1,225 · Income $34,891Camden, NJRent $1,226 · Income $40,546Inkster, MIRent $1,170 · Income $39,252Atlantic City, NJRent $1,136 · Income $41,028State College, PARent $1,273 · Income $45,424Detroit, MIRent $1,074 · Income $39,938

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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