Quick facts: Sarasota, FL

Quick Facts

107.5
Cost of Living
above US average
57,376
Population
36.71
Crime Rate per 1000
above US average
$68,870
Median Income
below US average
$432,500
Median House Price
above US average
$2141
Average Rent
above US average
10%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $68,870.

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Income Needed to Buy

βœ— Stretch
$136k/year
Based on $432,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $136k vs median $68,870
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Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2141/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $68,870
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sarasota, FL

Sarasota, Florida, located on the southwestern coast of the state, is renowned for its stunning beaches, vibrant arts scene, and rich cultural offerings. This city is nestled between the Gulf of Mexico and the shimmering waters of Sarasota Bay, making it a prime destination for outdoor enthusiasts and beach lovers. Key attractions include Siesta Key Beach, consistently rated among the best beaches in the U.S., and Lido Key Beach, known for its beautiful sunsets. Sarasota is also famous for its cultural institutions, such as the Ringling Museum of Art, which showcases an impressive collection of art and history tied to the circus legacy. The city boasts a lively downtown area filled with restaurants, shops, and galleries, making it a hub for social and economic activity. Outdoor activities abound, with opportunities for boating, fishing, and golfing. With a warm climate year-round, Sarasota attracts visitors and residents alike, offering a laid-back lifestyle enriched by numerous festivals, art shows, and outdoor events. The community is diverse, with a strong focus on wellness and quality of life, making it a desirable place to live and explore.

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