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Marginal Regional Price Parities - Cost of Living Index

• Tampa Bay’s cost of living has risen steadily, moving from below the national average (95.3 in 2018) to above 100 by 2023, signaling a clear shift toward becoming a more expensive metro.
• In 2023, Tampa Bay’s index (103.4) was higher than most Southeastern peers like Charlotte, Nashville, and Raleigh–Durham, indicating increasing price pressures relative to similar regions.
• High-cost metros such as Seattle, Miami, and San Diego continue to lead the comparison group, highlighting widening cost-of-living gaps between fast-growing coastal regions and the rest of the country.

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Trend Over Time

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Competitive Position Trend

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^{Marginal Regional Price Parities (RPPs) measure how the cost of goods, services, and housing in a given metropolitan area compare with the U.S. average (set at 100).RPPs allow for meaningful comparisons of real income, affordability, and regional economic competitiveness across MSAs.
Source: U.S. Bureau of Economic Analysis (BEA), Regional Price Parities (RPPs), 2013–2023.}