Sarasota Springs, FL

Above Avg · 117

Florida · Population 12,669 · Updated March 2026

$2,050
Median Rent / Month
$89,646
Median Income
$310,400
Median Home Value
$1,361
Owner Costs / Month

Affordability

How far your income goes in Sarasota Springs

27.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$24,600
Annual Rent
$0
State Income Tax
$2,669
Property Tax (est.)

Cost of Living Overview

Sarasota Springs is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Sarasota Springs residents can expect to pay median rent of $2,050/month while earning a median household income of $89,646/year.

The median home value in Sarasota Springs, FL is $310,400, with typical monthly owner costs around $1,361 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Sarasota Springs falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Sarasota Springs.

Frequently Asked Questions

Common questions about living costs in Sarasota Springs

What is the cost of living in Sarasota Springs, FL?
The cost of living index in Sarasota Springs, FL is 117 (US average = 100). Median monthly rent is $2,050, median household income is $89,646/year, and the median home value is $310,400.
Is Sarasota Springs, FL affordable?
No, Sarasota Springs is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 27.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Sarasota Springs, FL?
The median gross rent in Sarasota Springs, FL is $2,050 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,600.
What is the median household income in Sarasota Springs?
The median household income in Sarasota Springs, FL is $89,646 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.