The Cost of Living in Sarasota, Florida

Sarasota, on the Gulf Coast of Florida, is a lovely place to live. The weather, the beach, and the lifestyle are all pleasant indeed. One question many people have is about the cost of living in Sarasota. So, is Sarasota affordable? In this article, we have all the information you could want about Sarasota, Florida’s cost of living! If you’re ready to find out more and see if our beautiful city fits your budget, read on! 

Estimated reading time: 7 minutes

READING TIP: Keep in mind that we use a scale based on 100 as the National Average. A score below that is less expensive, while a higher score is more expensive.

Cost of Living in Sarasota, Florida: Expensive 

Compared to, say, Los Angeles, Sarasota is a much cheaper place to live. With a score of 103/100, though, it’s still slightly higher than the national average. However, 3% more is not the worst thing in the world. Frankly, if housing and grocery prices were marginally lower, Sarasota would be even more inexpensive. (More on those in just a bit.) In short, Sarasota isn’t the cheapest place in the U.S. to live, but it’s far from the most expensive.

Housing Cost of Living in Sarasota: Expensive

There are two costs in Sarasota that are higher than the national average, and housing is one. Our score here, 115/100, means you’ll pay 15% more than the national average for a new home. Rental prices are slightly higher also, but they aren’t ridiculous either.

For example, the average rental price in the United States is $1062 per month. Here in Sarasota, it’s $1134 per month. Not a big difference but, when paying your monthly bills, it can add up. The median home value in Sarasota? It’s $268,400, which is also higher than the national average of $217,500. The good news is that, except for groceries, all the other cost indexes here are lower than the national average. Speaking of which…

Cost of Living in Sarasota, Florida

Grocery Cost of Living in Sarasota: Expensive 

If you’re a fan of good food, the bad news is that you’ll spend about 7% more on groceries in Sarasota. That’s not a gigantic difference by any means, but it can add up quickly, as with all expenses. One bit of good news is that seafood is quite a bit cheaper here. That’s because it comes fresh off the boat from the Gulf of Mexico every day! (It doesn’t get much fresher than that!) Some folks here even fish for their supper! Speaking of which, many people rent a storage unit in Sarasota to store their boat and boating gear. It’s the easy, safe, and affordable way to own a boat if you don’t have your dock.

Storage Units in Sarasota, Florida: Affordable

Here at Hide-Away Self Storage, we love living in Sarasota! We have Sarasota storage units all around the city that are safe, clean, and affordable. Like we said above, many Sarasotans use them to store boating and fishing gear, among other things. Entrepreneurs use our Sarasota storage units all the time! If you’d like to know more, you can chat online with a friendly manager! If you want, come on into a facility to say “hello” and check it out in person!

Where to find storage for your watercrafts, vehicles or other items in Sarasota:

Miscellaneous Cost of Living in Sarasota: Average

Are you going out to get your nails done, your haircut, or to get your car’s oil changed? The good news is that those miscellaneous things won’t cost you more than the national average. Other various costs won’t either because Sarasota has a miscellaneous cost score of 101/100. That, in our humble opinion, is the same since one percentage point is almost meaningless. You won’t save money, that’s true, but at least you won’t be paying New York or Miami prices for these services either.

Healthcare Prices in Sarasota, Florida: Affordable

There’s an old saying that goes like this; when it comes to saving money, every little bit helps. Healthcare costs are that “little bit” and will save you about 3% when you live in Sarasota. Doctor visits, trips to the emergency room, and so forth are thus slightly less costly. Sarasota also has a robust healthcare system, with excellent hospitals and a reasonable rate of residents to doctors. (That’s not surprising when you consider how many folks retire to our city.) So while you won’t save a ton on healthcare, at least you’ll save, you guessed it, a little bit.

Utility Prices (Gas and Electric) in Sarasota: Affordable

Sarasota is hot and stays hot most of the year. You’ll be using your AC for at least nine months, if not the entire 12. For that reason, we figured utility cost of living in Sarasota, FL, would be higher. Surprisingly, they’re not! A score of 94/100 is not phenomenal, but not bad either. One reason might be that you’ll rarely need to use your heat, so you’ll save a lot on either gas or electricity. (Snow in Sarasota is almost unheard of, as are freezing temperatures.)

Cost of Living in Sarasota, Florida

Cost of Transportation in Sarasota: Affordable

Transportation costs, depending on where you live, can be a significant burden on your budget. The transportation cost of living in Sarasota is less of a burden, however, as we get a score of 91/100. Gas prices, tolls, and other transportation-related costs are almost 10% lower, which is excellent! One reason is likely that the one-way commute in Sarasota is only 20 minutes. Compared to the US average of about 27 minutes, that’s over an hour less each week! (That’s 52 hours a year, 2+ fewer days you’ll spend on the road!)

Overall, Sarasota is right on par with the national average regarding the cost of living. It’s not the cheapest city in the country by any means, but it’s also far (very far!) from the most expensive. (We’re looking at you, New York, San Diego, and Miami!)