Lake Sarasota, FL is known for its stunning natural beauty and great economic prospects. The average rent for a two bedroom apartment in Lake Sarasota is $2180, which is almost 50% higher than the national average of $1430. The cost of living here is slightly higher than other parts of the country due to the high cost of groceries. On the Grocery Cost Index, Lake Sarasota scores 110 versus 100 in the US. This means that groceries are 10% more expensive here than they are in the rest of the country. There are many great businesses located in Lake Sarasota such as Publix Super Markets, Walmart Supercenter, Target and Chick-Fil-A. With its beautiful surroundings and vibrant economic opportunities, Lake Sarasta offers a great place to live with a reasonable cost of living.
Lake Sarasota has an unemployment rate of 4.5%. The US average is 6.0%.
Lake Sarasota has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Lake Sarasota
- The Sales Tax Rate for Lake Sarasota is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Sarasota is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Sarasota
- The average income of a Lake Sarasota resident is $27,923 a year. The US average is $28,555 a year.
- The Median household income of a Lake Sarasota resident is $92,971 a year. The US average is $69,021 a year.