Cost of Living in Sarasota, FL

Population 56,218 · Florida · Data vintage 2023

127
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Sarasota cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $410,000, rents near $1,514 a month.

Sarasota is about 30 miles south of St. Petersburg, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 24% higher than St. Petersburg's $332,000.

Cost Overview

Housing 134
Rent 115

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Sarasota

The median home value in Sarasota is $409,700 — 34% above the national median of $305,000. Median rent runs $1,514/month, 15% higher than the national median of $1,314/month. The median household income of $70,065/year is 6% lower than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 83.3°F and lows of 64.8°F. Overall, Sarasota has a cost of living index of 127 versus the US average of 100, meaning it is 27% more expensive.

🏠 Housing

Median Home Value
$409,700
34% above avg
Zillow Home Value
$408,978
Zillow ZHVI
Median Rent
$1,514/mo
15% above avg
Zillow Rent
$2,129/mo
Zillow ZORI
Price-to-Rent Ratio
22.6x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 55.7%
Renter-occupied 44.3%

💰 Estimated Monthly Budget

Rent median rent
$1,514
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,128/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.8%

Commute Mode

Drove alone
72.1%
Carpooled
8.9%
Public transit
1.4%
Walked
2.0%
Bicycle
1.1%
Work from home
12.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$70,065
6% below avg
Per Capita Income
$59,028
Unemployment Rate
3.6%
25% below avg
Poverty Rate
14.3%
Labor Force Participation
53.3%

🎓 Education

Bachelor's degree+ 23.1%
Graduate degree 18.6%

👥 Demographics

Median Age 49.3
Male median age 47.3
Female median age 50.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
83.3°F
Avg Low
64.8°F
Annual Precip
49"
50° 63° 75° 88° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 737578838890919290868075
Low °F 525558636874757574686055
Precip" 2.791.922.852.462.587.057.399.116.002.761.812.33

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
63.6%
Good air days/yr
143
Max AQI recorded
224
PM2.5 days
141
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
15:1
Student-teacher ratio
62
Public schools
43,485
Total enrollment

Frequently Asked Questions

What is the cost of living in Sarasota, FL?

Sarasota has a cost index of 127 (100 = national average). It is 27% above the national average.

What is average rent in Sarasota, FL?

The median gross rent in Sarasota is $1,514 per month based on 2023 Census data.

What is the average home price in Sarasota?

The median home value in Sarasota is $409,700 according to Zillow and Census data.

What is the median income in Sarasota?

The median household income in Sarasota is $70,065 per year (2023 ACS 5-year estimates).

What is the sales tax in Sarasota, FL?

The combined state and local sales tax rate in Sarasota is 7.0%. Florida has no state income tax.

Is Sarasota, FL affordable?

Sarasota is above average in cost of living, with an index of 127 — about 27% higher than the national average.

What is the weather like in Sarasota?

Sarasota has average high temperatures of 83.3°F and average lows of 64.8°F. Annual precipitation is 49". Data from NOAA 1991–2020 Climate Normals.

Sarasota at a Glance

Population
56,218
Median Income
$70,065
Home Value
$409,700
Median Rent
$1,514/mo
Unemployment
3.6%
Avg High Temp
83.3°F
Sales Tax
7.0%
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