Salary & Cost of Living in Brandon, FL
Brandon, FL: $46,941 median salary, cost of living index 99.9, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,941
$23/hr
Cost of Living
99.9
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
2.6%
rate
Brandon, FL Overview
Population
115,911
Median Salary
$46,941
Average Salary
$52,574
Avg Commute
18 min
Median Home Price
$460,000
Median Rent
$1,898/mo
Job Growth
+0.6%
Sales Tax
6%
Brandon is located in Florida with a population of 115,911. The median household salary is $46,941 per year ($23/hour), which is $12,443 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +0.6%.
Brandon Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Brandon, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,756
$3,312.97/month · $1,529.06/biweekly · Effective Rate: 15.3%
Gross Pay
$46,941
Federal Tax
-$3,594
State Tax
$0
Local Tax
$0
FICA
-$3,591
Net Pay
$39,756
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,911.75 | $46,941.00 |
| Federal Income Tax | -$299.54 | -$3,594.42 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$242.53 | -$2,910.34 |
| Medicare (1.45%) | -$56.72 | -$680.64 |
| Net Take-Home Pay | $3,312.97 | $39,755.59 |
Salary Comparison: Brandon vs Other Cities
See how Brandon's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Brandon, FL | $46,941 | 99.9 | $46,988 |
| National Average | $59,384 | 100 | $59,384 |
| Lynn, MA | $46,915 | 118.5 | $39,591 |
| Statesville, NC | $46,967 | 90.2 | $52,070 |
| Burton, MI | $46,967 | 83.3 | $56,383 |
| Sun Prairie, WI | $46,894 | 92.7 | $50,587 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Brandon
Brandon's cost of living index is 99.9 (national average = 100). Living in Brandon is 0.09999999999999432% less expensive than the national average.
Median Home Price
$460,000
Median Monthly Rent
$1,898
Annual Rent Cost
$22,776
Your Salary's Purchasing Power
Your $39,756 annual take-home pay in Brandon has the purchasing power of approximately $39,795 in an average-cost US area. Your $46,941 salary stretches further here than in most US cities.
Top Industries in Brandon
Brandon's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,941.
Salary Tips for Brandon Workers
- No state income tax advantage. Florida has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Brandon's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $46,941 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Brandon, FL?
The median salary in Brandon, FL is $46,941 per year, or $23 per hour. The average salary is $52,574. This is $12,443 below the national median of $59,384.
What is the cost of living in Brandon, FL?
Brandon's cost of living index is 99.9 (national average = 100), meaning it is 0.09999999999999432% less expensive compared to the national average. The median home price is $460,000 and the median monthly rent is $1,898.
What are the best industries in Brandon?
The top industries in Brandon, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 0.6% and an unemployment rate of 2.6%. Workers in these industries often earn above the city's median salary of $46,941.
How does Brandon's salary compare to other cities?
Brandon's median salary of $46,941 is 21.0% below the national median of $59,384. However, when adjusted for cost of living (index: 99.9), the real purchasing power is approximately $46,988.
What is the minimum wage in Brandon, FL?
The minimum wage in Brandon, FL is $13.00 per hour. This equals approximately $27,040 per year for a full-time worker (40 hours/week). This is $5.75 above the federal minimum wage of $7.25/hour.