Manasota Key, FL is a small island city located on Florida’s gulf coast. The area is well known for its beautiful beaches and luxurious resorts. Many of the local businesses are tourism-based such as Manasota Key Realty, Inc., Suncoast Vacation Rentals, and Island Vacations of SWFL. With an average two bedroom rent of $1,310 compared to the national average of $1,430, Manasota Key offers a relatively low cost of living when compared to other areas in the US. Additionally, the grocery cost index in Manasota Key is 106 compared to 100 in the US. This makes it a great option for those who want to save some money while still enjoying all that this beach town has to offer.
Manasota Key has an unemployment rate of 5.0%. The US average is 6.0%.
Manasota Key has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Manasota Key
- The Sales Tax Rate for Manasota Key is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Manasota Key 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 Manasota Key
- The average income of a Manasota Key resident is $41,747 a year. The US average is $28,555 a year.
- The Median household income of a Manasota Key resident is $110,789 a year. The US average is $69,021 a year.