Siesta Key, FL Cost Of Living
Cost Of Living In Siesta Key, FL Summary
Cost of living in Siesta Key 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 Siesta Key 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 Siesta Key is 172, with 100 being the average.
The cost of living index in Siesta Key is 1.7x higher than the national average.
Siesta Key ranks as the #452 cheapest in Florida out of 459.
Siesta Key ranks as the #6,101 cheapest out of 6,489 in the US.
The median home value in Siesta Key is $832,418.
The median income in Siesta Key is $119,427.
Table Of Contents
Siesta Key's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Siesta Key, FL?
According to the most recent data on the cost of living, Siesta Key has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to Florida, Siesta Key has a cost of living index that's 1.8x higher than Florida's index of 97.
The standard of living in Siesta Key ranks as #452 most affordable out of the 459 places we measured in Florida. By definition, that implies Siesta Key ranks as the #7 most expensive place in the Sunshine State.
For more reading on life in Siesta Key, check out:
In Florida
In America
Siesta Key Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Siesta Key. Here is how it fairs on each of the criteria:
The Services index in Siesta Key is 100.
The Groceries index in Siesta Key is 102.
The Health index in Siesta Key is 102.
The Housing index in Siesta Key is 335.
The Transportation index in Siesta Key is 96.
The Utilities index in Siesta Key is 98.
| Living Expense | Siesta Key | Florida | National Average | |
|---|---|---|---|---|
| Overall | 172 | 97 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 102 | 98 | 100 | |
| Housing | 335 | 96 | 100 | |
| Transportation | 96 | 97 | 100 | |
| Utilities | 98 | 95 | 100 | |
Siesta Key, 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 Siesta Key is $832,418.
The Median Rent in Siesta Key is $2,761.
The Median Income in Siesta Key is $119,427.
The Home Value To Income in Siesta Key is 7.0x.
The Rent To Monthly Income in Siesta Key is 0.28x.
| Statistic | Siesta Key | Florida | United States |
|---|---|---|---|
| Median Home Value | $832,418 | $377,066 | $303,400 |
| Median Rent | $2,761 | $1,564 | $1,348 |
| Median Income | $119,427 | $71,711 | $78,538 |
| Home Value To Income | 7.0x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Siesta Key, FL Costs By Category
Detailed Siesta Key Services Costs Vs. Florida
| Item | Siesta Key | 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 Siesta Key Groceries Costs Vs. Florida
| Item | Siesta Key | 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 Siesta Key Health Costs Vs. Florida
| Item | Siesta Key | Florida |
|---|---|---|
| Optometrist | $104.04 | $125.68 |
| Doctor | $122.85 | $135.78 |
| Dentist | $112.75 | $113.29 |
Detailed Siesta Key Transportation Costs Vs. Florida
| Item | Siesta Key | Florida |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $63.29 | $59.92 |
Detailed Siesta Key Utilities Costs Vs. Florida
| Item | Siesta Key | Florida |
|---|---|---|
| All Electricity | $149.04 | $193.99 |
| Phone | $193.01 | $192.25 |
Siesta Key SnackAbility
/10
Cost Of Living In Cities Around Siesta Key
The cost of living varies in the cities and towns around Siesta Key. 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, 0.6x Siesta Key.
Sarasota, FL has a cost of living index of 115, 0.7x Siesta Key.
Venice, FL has a cost of living index of 114, 0.7x Siesta Key.
| City | Population | Cost Of Living | Vs. Siesta Key |
|---|---|---|---|
| Bradenton, FL | 56,289 | 104 | 0.6x |
| Sarasota, FL | 56,218 | 115 | 0.7x |
| Venice, FL | 26,467 | 114 | 0.7x |
| South Bradenton, FL | 25,585 | 88 | 0.5x |
| Bayshore Gardens, FL | 18,324 | 93 | 0.5x |
| South Venice, FL | 17,399 | 107 | 0.6x |
| Fruitville, FL | 15,828 | 118 | 0.7x |
| Sarasota Springs, FL | 12,669 | 110 | 0.6x |
| Bee Ridge, FL | 9,921 | 110 | 0.6x |
| Southgate, FL | 6,054 | 116 | 0.7x |
