New Port Richey, FL vs University CDP (Hillsborough County), FL

New Port Richey, FL and University CDP (Hillsborough County), FL have a very similar cost of living, with only a 0.7% difference in their overall index. New Port Richey scores 84 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 New Port Richey is $1,154/month compared to $1,185/month in University CDP (Hillsborough County) — a 3% difference. Interestingly, home values tell a different story: while New Port Richey has cheaper rent, University CDP (Hillsborough County) actually has lower median home values ($146,400 vs $164,600).

Median household income in New Port Richey is $46,160 compared to $36,483 in University CDP (Hillsborough County) (+26.5%). While New Port Richey is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Port Richey spend roughly 30% of their income on rent, less than the 39% in University CDP (Hillsborough County). The New Port Richey 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 70.7°F in New Port Richey. New Port Richey receives more rainfall at 51.9" per year compared to 49.5" in University CDP (Hillsborough County).