Sarasota, FL Cost Of Living
Cost Of Living In Sarasota, FL Summary
Cost of living in Sarasota research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sarasota is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sarasota is 103, with 100 being the average.
The cost of living index in Sarasota is 1.0x higher than the national average.
Sarasota ranks as the #295 cheapest in Florida out of 459.
Sarasota ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Sarasota is $321,100.
The median income in Sarasota is $62,615.
Table Of Contents
Sarasota's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sarasota, FL?
According to the most recent data on the cost of living, Sarasota has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Florida, Sarasota has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Sarasota ranks as #295 most affordable out of the 459 places we measured in Florida. By definition, that implies Sarasota ranks as the #164 most expensive place in the Sunshine State.
For more reading on life in Sarasota, check out:
- Living In Sarasota
- Sarasota Crime Report
- Search Homes For Sale In Sarasota, FL
In Florida
In America
Sarasota Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Sarasota. Here is how it fairs on each of the criteria:
The Services index in Sarasota is 103.
The Groceries index in Sarasota is 110.
The Health index in Sarasota is 103.
The Housing index in Sarasota is 102.
The Transportation index in Sarasota is 108.
The Utilities index in Sarasota is 88.
| Living Expense | Sarasota | Florida | National Average | |
|---|---|---|---|---|
| Overall | 103 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 110 | 101 | 100 | |
| Health | 103 | 96 | 100 | |
| Housing | 102 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 88 | 100 | 100 | |
Sarasota, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sarasota is $321,100.
The Median Rent in Sarasota is $1,290.
The Median Income in Sarasota is $62,615.
The Home Value To Income in Sarasota is 5.1x.
The Rent To Monthly Income in Sarasota is 0.25x.
| Statistic | Sarasota | Florida | United States |
|---|---|---|---|
| Median Home Value | $321,100 | $248,700 | $244,900 |
| Median Rent | $1,290 | $1,301 | $1,163 |
| Median Income | $62,615 | $61,777 | $69,021 |
| Home Value To Income | 5.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Sarasota, FL Costs By Category
Detailed Sarasota Services Costs Vs. Florida
Detailed Sarasota Groceries Costs Vs. Florida
Detailed Sarasota Health Costs Vs. Florida
Detailed Sarasota Transportation Costs Vs. Florida
Detailed Sarasota Utilities Costs Vs. Florida
Sarasota SnackAbility
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Cost Of Living In Cities Around Sarasota
The cost of living varies in the cities and towns around Sarasota. Here's a quick look at the cost of living in the most populous nearby places:
Bradenton, FL has a cost of living index of 95, 0.9x Sarasota.
South Bradenton, FL has a cost of living index of 84, 0.8x Sarasota.
Venice, FL has a cost of living index of 107, 1.0x Sarasota.
| City | Population | Cost Of Living | Vs. Sarasota |
|---|---|---|---|
| Bradenton, FL | 54,918 | 95 | 0.9x |
| South Bradenton, FL | 24,972 | 84 | 0.8x |
| Venice, FL | 24,876 | 107 | 1.0x |
| Bayshore Gardens, FL | 19,720 | 87 | 0.8x |
| Fruitville, FL | 14,673 | 105 | 1.0x |
| Palmetto, FL | 13,304 | 95 | 0.9x |
| Sarasota Springs, FL | 12,366 | 101 | 1.0x |
| South Gate Ridge, FL | 6,125 | 100 | 1.0x |
| Southgate, FL | 6,045 | 102 | 1.0x |
| Siesta Key, FL | 5,416 | 154 | 1.5x |
