Living in Lake Sarasota, Florida
Cost of living, income, home prices, rent and demographics of Lake Sarasota · Census data 2020–2024
Lake Sarasota has 3,595 residents with a median age of 36.8. The median household income is $92,429 (24% higher than the Florida median), the median home value is $381,000, the median rent is $1,986/month.
Lake Sarasota at a glance
- Population
- 3,595
- Median age
- 36.8State: 42.6
- Median household income
- $92,429State: $74,568
- Median home value
- $381,000State: $359,000
- Median rent
- $1,986/moState: $1,669
- Homeowners
- 71%
- Bachelor's degree or higher
- 24.2%
- Average commute
- 25 min
Is Lake Sarasota a good place to live?
Pros: Median household income 24% higher than the Florida median; an average commute of 25 minutes; unemployment of 3%; a poverty rate of 10%.
Cons: Home values 6% higher than the state median.
The weather is best in November to February.
Cost of living in Lake Sarasota
Housing is the biggest part of the cost of living. In Lake Sarasota the median home value is $381,000, 15% higher than the U.S. median. Renters pay a median of $1,986 per month, which is 26.4% of household income. Homeowners with a mortgage pay $1,886 a month in housing costs.
Lake Sarasota median household income
The median household income in Lake Sarasota is $92,429 and the income per person is $40,683. 10% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Sarasota: homes for sale and rent
- Housing units
- 1,324
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 1.9%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.77
Lake Sarasota demographics
- Population
- 3,595
- Median age
- 36.8
- Under 18
- 24.6%
- 65 and older
- 14.5%
- Households
- 1,299
- Foreign-born
- 8.5%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Sarasota ›
Education in Lake Sarasota
24.2% of adults 25 and older in Lake Sarasota have a bachelor's degree or higher (Florida: 34.1%), and 4.8% have a graduate or professional degree.
Jobs and commute in Lake Sarasota
- Unemployment rate
- 3%State: 4.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 4.4%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.8%
Lake Sarasota vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Sarasota | 3,595 | $92,429 | $381,000 | $1,986 |
| Bee Ridge | 10,334 | $75,906 | $412,400 | $2,118 |
| Sarasota Springs | 12,611 | $95,688 | $349,100 | $2,137 |
| Fruitville | 15,172 | $82,246 | $412,500 | $1,977 |
| South Gate Ridge | 5,310 | $70,469 | $444,800 | $1,612 |
| Pinecraft | 305 | $36,160 | $354,000 | $640 |
| Palmer Ranch | 16,867 | $102,838 | $592,900 | $1,794 |
| Ridge Wood Heights | 5,366 | $69,894 | $370,700 | $1,587 |
| Southgate | 5,772 | $80,133 | $422,000 | $1,671 |
More for people moving to Lake Sarasota
Lake Sarasota ZIP code ›Weather and climate ›Living in Lake Sarasota: FAQ
What is the median household income in Lake Sarasota, FL?
The median household income in Lake Sarasota is $92,429, 24% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Sarasota?
The median home value in Lake Sarasota is $381,000, compared with $359,000 in Florida.
How much is rent in Lake Sarasota?
The median gross rent in Lake Sarasota is $1,986 per month, about 26.4% of household income.
Is Lake Sarasota, FL a good place to live?
Pluses: median household income 24% higher than the Florida median; an average commute of 25 minutes; unemployment of 3%; a poverty rate of 10%. Minuses: home values 6% higher than the state median.
What is the median age in Lake Sarasota?
The median age in Lake Sarasota is 36.8 years (Florida: 42.6).
How long is the commute in Lake Sarasota?
The average commute to work in Lake Sarasota is 25 minutes; 4.4% of workers work from home.
What is the unemployment rate in Lake Sarasota?
The unemployment rate in Lake Sarasota is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Sarasota?
24.2% of adults in Lake Sarasota have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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