Myrtle Grove, FL vs University CDP (Hillsborough County), FL

Myrtle Grove, FL and University CDP (Hillsborough County), FL have a very similar cost of living, with only a 4.2% difference in their overall index. Myrtle Grove scores 87 while University CDP (Hillsborough County) scores 84 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Myrtle Grove is $1,278/month compared to $1,185/month in University CDP (Hillsborough County) — a 8% difference. Home values follow the same pattern: University CDP (Hillsborough County) is more affordable at $146,400 median vs $182,600.

Median household income in Myrtle Grove is $63,011 compared to $36,483 in University CDP (Hillsborough County) (+72.7%). While Myrtle Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Myrtle Grove spend roughly 24.3% of their income on rent, less than the 39% in University CDP (Hillsborough County). The Myrtle Grove ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, University CDP (Hillsborough County) is notably warmer with an average of 74.5°F compared to 67.5°F in Myrtle Grove. Myrtle Grove receives more rainfall at 57.7" per year compared to 49.5" in University CDP (Hillsborough County).