Tampa has two populations living side by side. Retirees who came for the weather and lower taxes. Younger professionals drawn by job growth in tech and finance. The combination creates an unusual wealth profile.
The metro has 1,359,000 households with a median income of $73,000. About 11% earn over $200k, which means roughly 149,000 households at that level.
Around 69,000 of those high-earning households don’t work with a financial advisor.
Two Groups, Different Crypto Relationships #
The retirees in Tampa tend to stick with traditional investments. They’ve got pensions, 401(k)s, Social Security, and portfolios built over decades. Crypto isn’t typically part of the picture, though that’s slowly changing as digital assets become more common.
The younger professionals are different. They came from cities where crypto adoption is higher. They work in industries where digital assets are part of the conversation. They’re more likely to hold real positions.
Crypto ownership in Tampa runs above the national average, driven largely by this younger, tech-forward segment. Tech workers, finance professionals, and entrepreneurs who moved here brought their crypto with them or started buying after they arrived.
The 69,000 unadvised high-income households span both groups but include a significant number of crypto holders who need planning help.
Florida Taxes and Crypto #
Florida has no state income tax. That’s a big reason people move here and a big reason they stay.
But the absence of state income tax doesn’t mean crypto is tax-free. Federal taxes still apply. Every trade is a taxable event. Capital Gains rates depend on holding period. Staking rewards count as ordinary income.
People sometimes get sloppy about crypto taxes because they’re in a no-income-tax state. The IRS doesn’t care about your state tax situation. They want their federal share, and they’ve gotten serious about crypto enforcement.
Beyond taxes, there’s the Custody and Estate Planning question. Florida’s retiree population knows the importance of Estate Planning. But traditional Estate Planning doesn’t automatically cover crypto. If you’re holding in self-Custody, additional documentation is required for your family to access those assets.
Why Remote Digital Asset Advisory Works #
Tampa has financial advisors. Lots of them, given the wealth concentration. Finding one who actually understands crypto is harder.
The advisors who specialize in digital assets typically work remotely. They serve clients nationally. For someone in Tampa with real crypto holdings, working with a remote specialist gives you access to expertise that might not be available locally.
Remote fits well here:
- You get specialized crypto knowledge
- Secure video calls handle sensitive conversations
- The relationship works without adding commutes
- Geography doesn’t limit your Options
The questions to ask: How do they handle cost basis tracking? Do they understand the tax implications of different transaction types? What’s their approach to Custody and Estate Planning?
Crypto Wealth Management and Custody Help #
Digital Wealth Partners focuses specifically on crypto holders and works remotely. If you’re in Tampa with digital assets as part of your Portfolio, they handle exactly this. Learn more at digitalwealthpartners.net.
The 69,000 high-income households here without advisors include both retirees testing the crypto waters and younger professionals who moved with existing holdings. Both groups benefit from specialized planning.
