Good news for Tampa residents! Tampa currently has the lowest cost of living in the state of Florida according to a recent report from the Tampa-Hillsborough Economic Development Corp.
Compared to the national average at 100, Tampa scored a 91.6 for its cost of living index. This means that the dollar goes a bit farther here for essential products and services like gas, groceries, clothing, healthcare and housing.
Positive Effects
The lower cost of living in the Tampa area isn’t just beneficial for those already living here; it’s also responsible for other positive effects across the community. A lower cost of living draws more individuals to the area, especially millennials looking to make the most out of their first-job salaries.
As their salaries increase over time, spending also increases, ultimately benefitting the economies of Tampa and the surrounding communities.
Tampa also leads the state in job creation with around 45,000 open positions, including numerous high-skilled jobs, attracting new residents into the area. This increases diversity and competitiveness which helps develop communities and boost economies.
The team at Lorenzo & Lorenzo has been dedicated to serving the Tampa community and surrounding areas for years. Customer service is very important to our firm, especially when it comes to personal injury. Whether it’s a car accident, motorcycle accident or even a slip and fall, we’re here to guide you through your case and help you on the road to recovery.
Check out our client testimonials to see how we’ve helped others in the community seek the compensation they deserve for their injuries.
