Sarasota, FL is an attractive destination for those seeking a new home due to its reasonable cost of living. The average 2 bedroom rent in this city is $1,520, which is slightly higher than the U.S. average of $1,430; however, groceries are much more affordable with a grocery cost index of 114 versus 100 in the US. Additionally, with Sarasota's stunning beaches and temperate climate, it can be a great place to live for anyone interested in outdoor activities and recreation.
The city has many large companies like Publix Super Markets, United Technologies Corporation - Aerospace Systems Division, and Deloitte LLP which provide numerous job opportunities. However, there is also a healthy small business presence with local companies like MacGregor’s Grill & Tavern or Boca Kitchen Bar & Market offering many unique products and services that you won't find anywhere else.
Overall, Sarasota offers all the amenities of a larger city but at a much lower price point than most urban areas making it an ideal location for families or individuals looking to relocate without breaking the bank.
Sarasota (zip 34236) has an unemployment rate of 4.6%. The US average is 6.0%.
Sarasota (zip 34236) 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 (zip 34236)
- The Sales Tax Rate for Sarasota (zip 34236) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sarasota (zip 34236) 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 (zip 34236)
- The average income of a Sarasota (zip 34236) resident is $50,848 a year. The US average is $28,555 a year.
- The Median household income of a Sarasota (zip 34236) resident is $87,679 a year. The US average is $69,021 a year.