Salary & Cost of Living in University, FL
University, FL: $51,232 median salary, cost of living index 93.6, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,232
$25/hr
Cost of Living
93.6
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
3.1%
rate
University, FL Overview
Population
34,413
Median Salary
$51,232
Average Salary
$57,380
Avg Commute
20 min
Median Home Price
$357,000
Median Rent
$1,445/mo
Job Growth
+1.1%
Sales Tax
6%
University is located in Florida with a population of 34,413. The median household salary is $51,232 per year ($25/hour), which is $8,152 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.1%.
University Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in University, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$43,203
$3,600.28/month · $1,661.67/biweekly · Effective Rate: 15.7%
Gross Pay
$51,232
Federal Tax
-$4,109
State Tax
$0
Local Tax
$0
FICA
-$3,919
Net Pay
$43,203
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,269.33 | $51,232.00 |
| Federal Income Tax | -$342.45 | -$4,109.34 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$264.70 | -$3,176.38 |
| Medicare (1.45%) | -$61.91 | -$742.86 |
| Net Take-Home Pay | $3,600.28 | $43,203.41 |
Salary Comparison: University vs Other Cities
See how University's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| University, FL | $51,232 | 93.6 | $54,735 |
| National Average | $59,384 | 100 | $59,384 |
| Beloit, WI | $51,236 | 82.4 | $62,180 |
| Rome, GA | $51,236 | 92.5 | $55,390 |
| Plainfield, IL | $51,251 | 84.3 | $60,796 |
| Joplin, MO | $51,178 | 93.6 | $54,677 |
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 University
University's cost of living index is 93.6 (national average = 100). Living in University is 6.400000000000006% less expensive than the national average.
Median Home Price
$357,000
Median Monthly Rent
$1,445
Annual Rent Cost
$17,340
Your Salary's Purchasing Power
Your $43,203 annual take-home pay in University has the purchasing power of approximately $46,157 in an average-cost US area. Your $51,232 salary stretches further here than in most US cities.
Top Industries in University
University's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,232.
Salary Tips for University 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. University's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $51,232 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 University, FL?
The median salary in University, FL is $51,232 per year, or $25 per hour. The average salary is $57,380. This is $8,152 below the national median of $59,384.
What is the cost of living in University, FL?
University's cost of living index is 93.6 (national average = 100), meaning it is 6.400000000000006% less expensive compared to the national average. The median home price is $357,000 and the median monthly rent is $1,445.
What are the best industries in University?
The top industries in University, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 1.1% and an unemployment rate of 3.1%. Workers in these industries often earn above the city's median salary of $51,232.
How does University's salary compare to other cities?
University's median salary of $51,232 is 13.7% below the national median of $59,384. However, when adjusted for cost of living (index: 93.6), the real purchasing power is approximately $54,735.
What is the minimum wage in University, FL?
The minimum wage in University, 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.