Cost of Living in Sarasota, FL
Housing
The housing market plays a significant role in determining the cost of living in Sarasota, FL.
- Housing Index: 120.0 / 100
- Median Home Price is: $392500
- Average Rent (2 BR Apartment): $2000 per month
- Average Rent (2 BR House): $2040 per month
When considering a move to Sarasota, FL, the housing index of 120.0 indicates it's more expensive than the national average. The median home price of 392500 is significant, reflecting a competitive market. Renting varies, with the average rent for a 2-bedroom apartment at 2000 and a 2-bedroom house at 2040, suggesting a slight premium for houses. It's essential to weigh these costs against local amenities, job opportunities, and lifestyle preferences to ensure your transition aligns with your financial and personal goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sarasota, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Sarasota, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sarasota is a financially viable option for your relocation.