Siesta Key is an idyllic destination located in Florida. It boasts pristine beaches, lush nature, and endless sunshine. The cost of living in Siesta Key is quite high compared to the US average; a typical two-bedroom rent here will set you back $2,200 versus the usual $1,430 for the rest of the country. Groceries are also more expensive with Siesta Key having an index of 115 compared to 100 for the US. With its perfect weather and stunning beaches, it’s no wonder that many businesses have sprung up in Siesta Key. Notable companies include The Tropical Breeze Resort, Island Vibe Rentals, Classic Beach Rentals and Into The Blue Boat Charters. Living here may be costly but it comes with some unique advantages that make it worth it.
Siesta Key has an unemployment rate of 4.5%. The US average is 6.0%.
Siesta Key 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 Siesta Key
- The Sales Tax Rate for Siesta Key is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Siesta 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 Siesta Key
- The average income of a Siesta Key resident is $62,210 a year. The US average is $28,555 a year.
- The Median household income of a Siesta Key resident is $108,527 a year. The US average is $69,021 a year.