Sarasota, Florida Income Statistics
Sarasota Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Sarasota Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,352 | $74,580 | $80,455 |
| Median Personal Income | $50,072 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.9% | 5.4% | 4.8% |
| Six-Figure Earners | 14.9% | 11.6% | 13.9% |
| $200k+ Households | 14.1% | 11.0% | 13.2% |
The median household income in Sarasota is about 2% lower than in Florida. Income has been growing faster in Sarasota (6.9%/yr) than in Florida (5.4%/yr).
About 15% of adults in Sarasota earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Sarasota, Florida grew by 86.5% from 2009 to 2024, reaching $73,352 in 2024. That's an average of about 6.9% per year.
Sarasota has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2022, at 7.1% lower. The gap has narrowed from 23% in 2009 to 8.8% in 2024.
Income Distribution in Sarasota
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 9,253 households (37.5% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 24.1% of households in Sarasota had an income under $35,000 and 21.5% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Sarasota has a larger share of households earning $35,000 to $49,999 (12.3% vs 10.1%) and a smaller share earning $150,000 to $199,999 (7.5% vs 9.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,292 | 5.2% | 5.1% |
| $10,000 to $14,999 | 972 | 3.9% | 3.5% |
| $15,000 to $24,999 | 1,853 | 7.5% | 6.4% |
| $25,000 to $34,999 | 1,835 | 7.4% | 6.7% |
| $35,000 to $49,999 | 3,035 | 12.3% | 10.1% |
| $50,000 to $74,999 | 3,561 | 14.4% | 15.5% |
| $75,000 to $99,999 | 2,854 | 11.6% | 12.6% |
| $100,000 to $149,999 | 3,942 | 16.0% | 17.4% |
| $150,000 to $199,999 | 1,838 | 7.5% | 9.5% |
| $200,000 or more | 3,474 | 14.1% | 13.2% |
Shares are of all 24,655 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 7,053 residents (14.9% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 16.8% of residents who have any income.
In 2024, 11.6% of Sarasota residents aged 15 and over reported no personal income, 28.1% had some income but less than $25,000, and 21.5% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Sarasota has a larger share of residents earning $25,000 to $34,999 (11.4% vs 9.5%) and a smaller share earning $1 to $9,999 (9.5% vs 11.2%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 5,509 | 11.6% | 12.8% |
| $1 to $9,999 | 4,519 | 9.5% | 11.2% |
| $10,000 to $14,999 | 3,250 | 6.8% | 7.0% |
| $15,000 to $24,999 | 5,544 | 11.7% | 10.5% |
| $25,000 to $34,999 | 5,411 | 11.4% | 9.5% |
| $35,000 to $49,999 | 6,561 | 13.8% | 12.6% |
| $50,000 to $74,999 | 6,434 | 13.6% | 14.3% |
| $75,000 to $99,999 | 3,169 | 6.7% | 8.2% |
| $100,000 or more | 7,053 | 14.9% | 13.9% |
Shares are of the 47,449 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 11.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Sarasota
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.551 | 0.552 |
| Male Median Income | $59,616 | $60,595 | $69,667 |
| Female Median Income | $48,561 | $50,762 | $56,850 |
| Gender Pay Gap | 18.5% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Sarasota, it is 0.544, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Sarasota, Florida. Over a 35-year career, a 23% wage gap accumulates to roughly $386,925 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sarasota, Florida has widened from about 3% to 19% in 2024. Over that period the gap in 2011 women out-earned men by 18%. In dollar terms, the gap has widened by $10,070 since 2009.
Sharply against the trend: the pay gap in Sarasota widened by 15.7 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 12.9% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 902 people are unemployed in Sarasota, Florida.
The average commute time in Sarasota is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sarasota, Florida has fallen from 12.3% to 3.6% in 2024. Over that period the rate peaked at 13.4% in 2013 and fell as low as 3.2% in 2022.
Sarasota started 3.6 points above the U.S. unemployment rate in 2011 but had dropped below it by 2018, and has not been above it since. In 2024 its rate was 1.7 points lower.
Conclusion
Considering all these factors, Sarasota, Florida has an overall wealth index grade of C, making it about on par with Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sarasota, Florida.
How Rich Is Sarasota, Florida?
Sarasota has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,352, about 2% lower than the Florida average of $74,580.
How fast is household income rising in Sarasota, Florida?
Between 2009 and 2024, the median household income in Sarasota, Florida rose 86%, from $39,336 to $73,352. Over the same years, income here outpaced Florida as a whole: +86% against +57%.
What was the median household income in Sarasota in 2023?
In 2023, the median household income in Sarasota, Florida was $71,322, up 3% from $69,239 in 2022. The Florida median that year was $71,864.
What was the median household income in Sarasota in 2020?
In 2020, the median household income in Sarasota, Florida was $55,591. By 2024 it had risen 32% to $73,352.
How strong is the job market in Sarasota, Florida?
Unemployment in Sarasota, Florida is only 3.6%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Sarasota, Florida?
The Gini coefficient in Sarasota is 0.544. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Sarasota, Florida?
Since 2009, the income gap between men and women in Sarasota, Florida has widened from about 3% to 19% in 2024. Over that period the gap in 2011 women out-earned men by 18%. In dollar terms, the gap has widened by $10,070 since 2009.
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