Salary & Cost of Living in Temple Terrace, FL
Temple Terrace, FL: $47,562 median salary, cost of living index 103, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$47,562
$23/hr
Cost of Living
103
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
2.8%
rate
Temple Terrace, FL Overview
Population
28,125
Median Salary
$47,562
Average Salary
$53,269
Avg Commute
17 min
Median Home Price
$421,000
Median Rent
$1,698/mo
Job Growth
+0.6%
Sales Tax
6%
Temple Terrace is located in Florida with a population of 28,125. The median household salary is $47,562 per year ($23/hour), which is $11,822 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +0.6%.
Temple Terrace Salary by Experience Level (2026)
Wage distribution in Temple Terrace, FL based on BLS percentile breakdown of the $47,562 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $29,488 | $14.18/hr | 0–2 years |
| Mid-Level (Median) | $47,562 | $22.87/hr | 3–7 years |
| Senior-Level | $67,538 | $32.48/hr | 8–15 years |
| Top 10% (90th Percentile) | $84,660 | $40.71/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Temple Terrace Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Temple Terrace, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$40,255
$3,354.55/month · $1,548.25/biweekly · Effective Rate: 15.4%
Gross Pay
$47,562
Federal Tax
-$3,669
State Tax
$0
Local Tax
$0
FICA
-$3,638
Net Pay
$40,255
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,963.50 | $47,562.00 |
| Federal Income Tax | -$305.75 | -$3,668.94 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$245.74 | -$2,948.84 |
| Medicare (1.45%) | -$57.47 | -$689.65 |
| Net Take-Home Pay | $3,354.55 | $40,254.57 |
Salary Comparison: Temple Terrace vs Other Cities
See how Temple Terrace's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Temple Terrace, FL | $47,562 | 103 | $46,177 |
| National Average | $59,384 | 100 | $59,384 |
| Seguin, TX | $47,571 | 86.2 | $55,187 |
| Madison, AL | $47,605 | 86.1 | $55,290 |
| The Villages, FL | $47,516 | 105.8 | $44,911 |
| Springfield, MO | $47,500 | 83 | $57,229 |
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 Temple Terrace
Temple Terrace's cost of living index is 103 (national average = 100). Living in Temple Terrace is 3% more expensive than the national average.
Median Home Price
$421,000
Median Monthly Rent
$1,698
Annual Rent Cost
$20,376
Your Salary's Purchasing Power
Your $40,255 annual take-home pay in Temple Terrace has the purchasing power of approximately $39,082 in an average-cost US area. You would need to earn $48,989 in Temple Terrace to match a $47,562 salary in an average-cost city.
Top Industries in Temple Terrace
Temple Terrace's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,562.
Salary Tips for Temple Terrace 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. Temple Terrace's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $47,562 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 Temple Terrace, FL?
The median salary in Temple Terrace, FL is $47,562 per year, or $23 per hour. The average salary is $53,269. This is $11,822 below the national median of $59,384.
What is the cost of living in Temple Terrace, FL?
Temple Terrace's cost of living index is 103 (national average = 100), meaning it is 3% more expensive compared to the national average. The median home price is $421,000 and the median monthly rent is $1,698.
What are the best industries in Temple Terrace?
The top industries in Temple Terrace, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 0.6% and an unemployment rate of 2.8%. Workers in these industries often earn above the city's median salary of $47,562.
How does Temple Terrace's salary compare to other cities?
Temple Terrace's median salary of $47,562 is 19.9% below the national median of $59,384. However, when adjusted for cost of living (index: 103), the real purchasing power is approximately $46,177.
What is the minimum wage in Temple Terrace, FL?
The minimum wage in Temple Terrace, 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.