Sarasota, FL (Area Code 34240) is an idyllic coastal community that offers a variety of housing options and a high quality of life. The average rent for a two-bedroom apartment or house in Sarasota is $2,370 per month - slightly higher than the national average of $1,430. Additionally, the Grocery Cost Index in Sarasota is 111 compared to the US average of 100. In Sarasota you will find local companies such as Bealls Department Store, Clancy's Restaurant, Southside Village Deli and Publix Supermarket. Transportation around this area includes the Suncoast Trolley which runs frequent routes from North Port to Siesta Key. Other transportation options include Uber, taxis and rental cars.
Sarasota (zip 34240) has an unemployment rate of 4.5%. The US average is 6.0%.
Sarasota (zip 34240) has seen the job market decrease by -6.0% 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 Sarasota (zip 34240)
- The Sales Tax Rate for Sarasota (zip 34240) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sarasota (zip 34240) 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 34240)
- The average income of a Sarasota (zip 34240) resident is $54,376 a year. The US average is $37,638 a year.
- The Median household income of a Sarasota (zip 34240) resident is $110,143 a year. The US average is $69,021 a year.