Sarasota County, Florida Income Statistics
Sarasota County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Sarasota County Around averageWealthier than 89% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sarasota County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,523 | $74,580 | $80,455 |
| Median Personal Income | $58,382 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.4% | 4.8% |
| Six-Figure Earners | 15.4% | 11.6% | 13.9% |
| $200k+ Households | 13.7% | 11.0% | 13.2% |
The median household income in Sarasota County is about 12% higher than in Florida. Income has been growing faster in Sarasota County (5.8%/yr) than in Florida (5.4%/yr).
About 15% of adults in Sarasota County 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 County, Florida grew by 68.1% from 2009 to 2024, reaching $83,523 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Sarasota County
| Metric | Sarasota County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.551 | 0.552 |
| Male Median Income | $67,438 | $60,595 | $69,667 |
| Female Median Income | $55,178 | $50,762 | $56,850 |
| Gender Pay Gap | 18.2% | 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 County, it is 0.515, 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 22% more than women's income in Sarasota County, Florida. Over a 35-year career, a 22% wage gap accumulates to roughly $429,100 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 County, Florida has widened from about 16% to 18% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 11% in 2011. In dollar terms, the gap has widened by $5,591 since 2009.
Sharply against the trend: the pay gap in Sarasota County widened by 2.6 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Sarasota County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.8% | 5.2% |
| Working from Home | 16.6% | 15.7% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 7,367 people are unemployed in Sarasota County, Florida.
The average commute time in Sarasota County is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sarasota County, Florida has fallen from 10.7% to 3.7% in 2024. Over that period the rate peaked at 11.6% in 2012 and fell as low as 3.4% in 2022.
Sarasota County, FL Wealth Compared With Nearby Counties
Sarasota County, FL is the 2nd largest of the 6 counties compared here, 459,530 residents against a local median of 201,064. Sarasota County, FL's unemployment, at 3.7%, runs 31% below the 5.4% typical of the counties around it. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $83,523 against a local median of $69,727, 20% above it. Every measure here with a clear better direction points the same way, so Sarasota County, FL is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 5.0% on unemployment, so Sarasota County, FL sits at one end of an already wide local range rather than apart from it. Sarasota County, FL has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Sarasota County, FL | 459,530 | $83,523 #1/6 | 5.8%/yr #2/6 | 3.7% #1/6 | 0.515 #1/6 |
| Manatee County, FL | 429,651 | $78,967 | 5.5%/yr | 4.6% | 0.533 |
| Charlotte County, FL | 201,064 | $69,727 | 5.7%/yr | 5.4% | 0.524 |
| DeSoto County, FL | 35,386 | $53,666 | 5.4%/yr | 9.5% | 0.562 |
| Hardee County, FL | 25,673 | $61,052 | 6.8%/yr | 5.9% | 0.591 |
| Hillsborough County, FL | 1,519,188 | $79,532 | 5.4%/yr | 4.5% | 0.551 |
Conclusion
Considering all these factors, Sarasota County, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sarasota County, Florida.
How Rich Is Sarasota County, Florida?
Sarasota County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $83,523, about 12% higher than the Florida average of $74,580.
How has median household income changed in Sarasota County, Florida?
Between 2009 and 2024, the median household income in Sarasota County, Florida rose 68%, from $49,689 to $83,523. Over the same years, income here outpaced Florida as a whole: +68% against +57%.
What was the median household income in Sarasota County in 2023?
In 2023, the median household income in Sarasota County, Florida was $80,663, up 4% from $77,348 in 2022. The Florida median that year was $71,864.
What was the median household income in Sarasota County in 2020?
In 2020, the median household income in Sarasota County, Florida was $65,106. By 2024 it had risen 28% to $83,523.
How many people earn six figures in Sarasota County, Florida?
Yes. 15% of adults in Sarasota County, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 14% of households have a combined income of $200,000 or more, compared with 11% in Florida.
Is unemployment high in Sarasota County, Florida?
Unemployment in Sarasota County, Florida is only 3.7%, 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 County, Florida?
The Gini coefficient in Sarasota County is 0.515. 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 County, Florida?
Since 2009, the income gap between men and women in Sarasota County, Florida has widened from about 16% to 18% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 11% in 2011. In dollar terms, the gap has widened by $5,591 since 2009.
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