Sarasota Springs, FL Cost Of Living
Cost Of Living In Sarasota Springs, FL Summary
Cost of living in Sarasota Springs research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sarasota Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sarasota Springs is 110, with 100 being the average.
The cost of living index in Sarasota Springs is 1.1x higher than the national average.
Sarasota Springs ranks as the #266 cheapest in Florida out of 459.
Sarasota Springs ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Sarasota Springs is $360,127.
The median income in Sarasota Springs is $89,646.
Table Of Contents
Sarasota Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sarasota Springs, FL?
According to the most recent data on the cost of living, Sarasota Springs has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Florida, Sarasota Springs has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in Sarasota Springs ranks as #266 most affordable out of the 459 places we measured in Florida. By definition, that implies Sarasota Springs ranks as the #193 most expensive place in the Sunshine State.
For more reading on life in Sarasota Springs, check out:
In Florida
In America
Sarasota Springs Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Sarasota Springs. Here is how it fairs on each of the criteria:
The Services index in Sarasota Springs is 100.
The Groceries index in Sarasota Springs is 103.
The Health index in Sarasota Springs is 104.
The Housing index in Sarasota Springs is 132.
The Transportation index in Sarasota Springs is 96.
The Utilities index in Sarasota Springs is 102.
| Living Expense | Sarasota Springs | Florida | National Average | |
|---|---|---|---|---|
| Overall | 110 | 97 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 104 | 98 | 100 | |
| Housing | 132 | 96 | 100 | |
| Transportation | 96 | 97 | 100 | |
| Utilities | 102 | 95 | 100 | |
Sarasota Springs, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Sarasota Springs is $360,127.
The Median Rent in Sarasota Springs is $2,050.
The Median Income in Sarasota Springs is $89,646.
The Home Value To Income in Sarasota Springs is 4.0x.
The Rent To Monthly Income in Sarasota Springs is 0.27x.
| Statistic | Sarasota Springs | Florida | United States |
|---|---|---|---|
| Median Home Value | $360,127 | $377,066 | $303,400 |
| Median Rent | $2,050 | $1,564 | $1,348 |
| Median Income | $89,646 | $71,711 | $78,538 |
| Home Value To Income | 4.0x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Sarasota Springs, FL Costs By Category
Detailed Sarasota Springs Services Costs Vs. Florida
| Item | Sarasota Springs | Florida |
|---|---|---|
| Shampoo | $1.36 | $1.28 |
| Movie | $13.08 | $12.13 |
| Bowling | $16.72 | $18 |
| Haircut | $26.28 | $24.26 |
| Beauty Salon | $41.57 | $45.56 |
Detailed Sarasota Springs Groceries Costs Vs. Florida
| Item | Sarasota Springs | Florida |
|---|---|---|
| Ground Beef | $5.02 | $5.84 |
| Fried Chicken | $1.48 | $1.57 |
| Milk | $4.54 | $4.67 |
| Potatoes | $5.47 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.58 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Sarasota Springs Health Costs Vs. Florida
| Item | Sarasota Springs | Florida |
|---|---|---|
| Optometrist | $104.04 | $125.68 |
| Doctor | $122.85 | $135.78 |
| Dentist | $112.75 | $113.29 |
Detailed Sarasota Springs Transportation Costs Vs. Florida
| Item | Sarasota Springs | Florida |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $63.29 | $59.92 |
Detailed Sarasota Springs Utilities Costs Vs. Florida
| Item | Sarasota Springs | Florida |
|---|---|---|
| All Electricity | $149.04 | $193.99 |
| Phone | $193.01 | $192.25 |
Sarasota Springs SnackAbility
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Cost Of Living In Cities Around Sarasota Springs
The cost of living varies in the cities and towns around Sarasota Springs. Here's a quick look at the cost of living in the most populous nearby places:
Bradenton, FL has a cost of living index of 104, 0.9x Sarasota Springs.
Sarasota, FL has a cost of living index of 115, 1.0x Sarasota Springs.
Venice, FL has a cost of living index of 114, 1.0x Sarasota Springs.
| City | Population | Cost Of Living | Vs. Sarasota Springs |
|---|---|---|---|
| Bradenton, FL | 56,289 | 104 | 0.9x |
| Sarasota, FL | 56,218 | 115 | 1.0x |
| Venice, FL | 26,467 | 114 | 1.0x |
| South Bradenton, FL | 25,585 | 88 | 0.8x |
| Bayshore Gardens, FL | 18,324 | 93 | 0.8x |
| South Venice, FL | 17,399 | 107 | 1.0x |
| Fruitville, FL | 15,828 | 118 | 1.1x |
| Palmetto, FL | 13,449 | 99 | 0.9x |
| Bee Ridge, FL | 9,921 | 110 | 1.0x |
| Southgate, FL | 6,054 | 116 | 1.1x |
