Sarasota, FL is a vibrant city known for its bustling cultural scene and gorgeous beaches. The 2 bedroom rent in Sarasota is slightly higher than the average US rent at $1,580 compared to $1,430. Additionally, the Grocery Cost Index in Sarasota is 107 versus the national average of 100. Residents enjoy a plethora of cultural activities such as visiting Mote Marine Laboratory & Aquarium, John and Mable Ringling Museum of Art, or taking a tour of one of the many local breweries like Motorworks Brewing or JDub’s Brewing Company. There are also plenty of corporate headquarters based out of Sarasota such as Data Alliance Corporation, Atlas Professionals Inc., Bausch Healthcare Companies Inc., and more that provide employment opportunities to locals.
Sarasota has an unemployment rate of 4.6%. The US average is 6.0%.
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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Sarasota
- The Sales Tax Rate for Sarasota is 7.0%. The US average is 7.3%.
- The Income Tax Rate for 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 Sarasota
- The average income of a Sarasota resident is $29,969 a year. The US average is $28,555 a year.
- The Median household income of a Sarasota resident is $62,615 a year. The US average is $69,021 a year.