Housing costs in Lake Sarasota?
A typical home costs
$278,200, which is 17.7% less expensive than the national average of
$338,100 and 23.2% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Lake Sarasota costs
$2,180 per month, which is 52.4% more than the national average of
$1,430 and 28.4% more than the state average of
$1,560.
Can I afford Lake Sarasota?
To live comfortably in Lake Sarasota, Florida, a minimum annual income of
$53,280 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Lake Sarasota?
The cost of living in Lake Sarasota, FL is relatively low compared to other areas in the state. Housing costs are quite affordable, with the median home value falling around $185,000. The average rental price is also quite reasonable at $1,100 per month, while groceries and healthcare costs are slightly lower than the national average. In addition, transportation around Lake Sarasota is easy and inexpensive due to the city's bike-friendly streets and public transportation options. All of these factors come together to create an overall low cost of living that makes it a desirable place to live.