Sarasota, Florida is a great place to live, with its charming resorts, ice cream stands, game rooms, and souvenir shops. It's 22.57% cheaper than New York (without rent) and has a housing affordability index of 114. Plus, the entire state of Florida is known for having low taxes. But how much do you need to live comfortably in Sarasota? The cost of living in Sarasota is estimated at 101.2% of the national average, according to C2ER (the Council for Community and Economic Research). This makes it an average American city, but still more expensive than Naples by three percent.
Despite the increase in the overall costs of owning a home over the past three years, a conventional mortgage is 55 percent cheaper than renting in Sarasota. It's hard to beat that affordable cost of living that's so close to the beach, and Sarasota is one of Florida's most bustling beach communities, with lots of arts and culture. Understanding the expected costs in Sarasota can help you determine if a given wage is a living wage. So plan to ensure that your net income covers your needs and wants, so you can live comfortably in Sarasota, FL.
Utilities, transportation, food and health care are all below the national average in Sarasota. Plus, unnecessary expenses such as entertainment and toilet services are only 2% more expensive than the national average. This means that you can enjoy all the amenities of a resort town without breaking the bank. Whether you're making Sarasota your permanent home or just spending a week to enjoy the beach, you'll feel right at home. It is considered one of the most favorable climates in the U.
S. Department of State, depending on the number of days of clear skies and comfort. So if you're looking for an affordable place to live close to the beach with lots of amenities and low taxes, Sarasota is definitely worth considering.