States › Florida › Temple Terrace

Is Temple Terrace, FL expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7761% higher than U.S. average
💵 Families earn per year (2026)$74,688about $6,224/month · 14% lower than U.S. average
🔑 House price$334,8001% higher than U.S. average

Rent is higher than in 56% of U.S. cities. A typical house costs about 4.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $71,040 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 151 of 479 cities from cheapest to most expensive.

Temple Terrace
$1,776
Palm Springs
$2,051
Nocatee
$2,809
Lutz
$2,089
Venice
$1,967
Leisure City
$2,380
Palm River-Clair Mel
$2,316

How much do households earn in Temple Terrace?

Under $25k
11.2%
$25k–50k
28.2%
$50k–100k
37.6%
$100k–150k
12.2%
$150k+
6.8%

Share of households by yearly income. 19.0% of households earn $100,000 or more.

Rent by apartment size in Temple Terrace

SizeTemple TerraceU.S. average
Studio$1,752$1,338
1 bedroom$1,468$1,324
2 bedrooms$1,746$1,509
3 bedrooms$1,769$1,698
4 bedrooms$1,853$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Temple Terrace overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Temple Terrace, so the Florida figure is shown.

Taxes and bills in Temple Terrace

🏛️ Property tax$2,367a year · 0.71% of home value · U.S. $3,119
⚡ Electric bill$160a month (typical) · U.S. $156

Life in Temple Terrace

Commute to work26 minU.S.: 26.4 min
College degree44.5%U.S.: 35.7%
Own their home50.4%U.S.: 65.2%
Below poverty line9%U.S.: 12.5%
Unemployment3.7%U.S.: 5.2%

Is it cheaper to rent or buy in Temple Terrace?

Renting is cheaper right now: about $547 a month less.

Renting
$1,776
Owning
$2,323

Owning assumes a typical $334,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,480 for the down payment.

Frequently asked questions

What is the average rent in Temple Terrace, FL?

Renting in Temple Terrace costs a median of about $1,776 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Temple Terrace?

To keep rent under 30% of income, you need about $71,040 a year, or $34 an hour at a full-time job.

Is Temple Terrace cheap or expensive?

Temple Terrace is rated OK: rent takes 28.5% of the typical household income of $74,688. It ranks 151st cheapest of 479 Florida cities we track.

How much are property taxes in Temple Terrace?

The median homeowner in Temple Terrace pays $2,367 a year in property taxes, about 0.71% of the median home value.

Is Temple Terrace more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Temple Terrace?

The median home value in Temple Terrace is $334,800, about 4.5 times the typical yearly household income.

27,275 people live in Temple Terrace. Numbers are typical (middle) values.