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Cost of Living Comparison 2026

๐Ÿ“ Madison, MS โ€” ZIP-level rent data ยท COL adjusted from Baton Rouge, LA area

$

Numbers update automatically as you type

You'd spend $1.5K/month more in Tampa, FL

$150.0K in your current city equals $167.7K in Tampa, FL

Rent data from HUD ZIP-level estimates ยท COL index from area
Overall Cost
โ†‘ 19.7%
More expensive
Monthly Impact
$1,474
Extra cost
Annual Impact
$17.7K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Madison, MS

Population:28K
Cost Index:100
Median Home:$404K

Tampa, FL

Population:385K
Cost Index:120
Median Home:$367K

Madison, MS

The Magnolia State

28K
Population
State Tax
Yes

Located in Mississippi, this city has a population of 28K residents.

Tampa, FL

The Sunshine State

385K
Population
State Tax
No Income Tax
Climate
Humid subtropical

Notable Facts

  • โ€ขMajor Tampa Bay area
  • โ€ขNo state income tax
  • โ€ขGrowing tech scene

Major Industries

FinanceTechnologyHealthcareTourism

Cost Breakdown by Category

Annual spending: Madison, MS vs Tampa, FL

๐Ÿ Housing
โ†‘ 49.0%
Madison, MS
$1,814
Tampa, FL
$2,703
Difference
$889
more
๐Ÿ“ฆOther
โ†‘ 8.7%
Madison, MS
$1,663
Tampa, FL
$1,808
Difference
$145
more
๐ŸฅHealthcare
โ†‘ 24.5%
Madison, MS
$458
Tampa, FL
$570
Difference
$112
more
๐Ÿš—Transportation
โ†‘ 9.2%
Madison, MS
$1,176
Tampa, FL
$1,284
Difference
$108
more
โšกAll Utilities
โ†‘ 21.3%
Madison, MS
$473
Tampa, FL
$574
Difference
$101
more
๐Ÿ›’Groceries
โ†‘ 8.1%
Madison, MS
$943
Tampa, FL
$1,019
Difference
$76.53
more

๐Ÿ Rent Comparison

Studio
From$1,311
To$1,850
โ†‘ $539
1 Bed
From$1,319
To$1,960
โ†‘ $641
2 Bed
From$1,552
To$2,290
โ†‘ $738
3 Bed
From$1,857
To$2,930
โ†‘ $1,073
Madison, MSZIP-level data

1BR range: $1,640โ€“$1,640/mo

Tampa, FLZIP-level data

1BR range: $1,410โ€“$2,550/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,526
Monthly in Madison, MS
$7,958
Monthly in Tampa, FL
$1,431
Difference

Home Values

Madison
Tampa
$404K
Median Value
$367K
โ†‘ +2.9%
YoY Change
โ†“ -4%
โ†‘ +31.1%
5-Year Change
โ†‘ +42.1%
$404K
Price Range
$251K - $989K

Homes in Tampa are 9% less expensive than Madison

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†‘ $7.3K
Per year
Monthly Difference
$613
More take-home
Effective Rate Diff
4.9%
Rate difference

Madison, MS

Federal Income Tax
Effective: 18.9%
$25.5K
Mississippi State Tax
Effective: 4.9%
$7.3K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,803/month
$105.6K

Tampa, FL

Federal Income Tax
Effective: 18.9%
$25.5K
Florida State Tax
No state income tax
$0
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 24.7%
$37.0K
Take-Home Pay
$9,416/month
$113.0K

Additional Tax Information

Madison, MS Tax Rates

Sales Tax:7.1%
Property Tax:0.6%

Tampa, FL Tax Rates

Sales Tax:7.2%
Property Tax:0.8%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Madison
Tampa
51 Moderate
Air Quality
50 Good
48.9%
Good Air Days
52.5%
98 High
Climate Risk
99 High
๐ŸŒŠ๐ŸŒ€๐ŸŒก
Top Hazards
๐ŸŒŠ๐ŸŒ…๐ŸŒ€
โ–ฒ+2.2ยฐF
2050 Outlook
โ–ฒ+2.2ยฐF
51 days
Heat Days >95ยฐF
38 days
โ–ฒ+2.2ยฐF
2050 Outlook
โ–ฒ+2.2ยฐF
51 days
Heat Days >95ยฐF
38 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Mississippi and Florida on TaxTakeHome.com

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