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Tampa Bay residents have second-lowest amount of disposable income

By Times Staff
Tampa Bay residents have state's second-lowest amount of disposable income. | [Times file photo]

Tampa Bay residents have a mixed bag when it comes to disposable income. According to a recent income study by Trove Technologies, a California-based storage company, Florida residents have the highest amount of discretionary income in the southeast. But within Florida, Tampa Bay residents have the second-lowest amount, ranking No. 22 out of the 24 metro areas in the state.

"Non-housing expenses in Tampa are the highest in the state, while salaries are lowest in the state among large cities," Michael Pao, cofounder of Trove, said in a recent release.

Non-housing expenses in the area are about 10 percent higher than the rest of the state, the study said. Despite the low ranking within Florida, Tampa Bay ranked No. 29 for disposable income out of the largest 63 metro areas in the country.