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Lake Sarasota, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,595
Population
$92,429
Median Income
$381,000
Home Value
36.8
Median Age

Demographics

Lake Sarasota has a population of 3,595 with a median age of 36.8. Here is the racial and ethnic breakdown of the population:

White
87.5%
Hispanic
7.2%
Other
2.8%
Black
1.4%
Asian
1.1%
Demographic Value
Total Population3,595
Median Age36.8
White87.5%
Black or African American1.4%
Asian1.1%
Hispanic or Latino7.2%
Other / Two or More Races2.8%
Lake Sarasota, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 87.5%Hispanic/Latino: 7.2%Other: 2.8%Other: 2.5%3,595PopulationWhiteWhite87.5%Hispanic/LatinoHispanic/Latino7.2%OtherOther2.8%OtherOther2.5%

Income & Economy

The median household income in Lake Sarasota is $92,429, which is 14.7% above the national median of $80,610. The per capita income is $40,683. The poverty rate is 10.0%.

$92,429
Median Household Income
$40,683
Per Capita Income
10.0%
Poverty Rate

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Education

In Lake Sarasota, 91.0% of residents age 25+ have a high school diploma or higher, and 24.2% hold a bachelor's degree or higher (4.8% with a graduate or professional degree).

HS Diploma+
91.0%
Bachelor's+
24.2%
Graduate+
4.8%
Education Level % of Adults (25+)
High School Diploma or Higher91.0%
Bachelor's Degree or Higher24.2%
Graduate or Professional Degree4.8%

Housing

The median home value in Lake Sarasota is $381,000, above the national median of $303,400. The median monthly rent is $1,986. The homeownership rate is 71.0%.

$381,000
Median Home Value
$1,986/mo
Median Rent
71.0%
Homeownership Rate
Housing Metric Value
Median Home Value$381,000
Median Monthly Rent$1,986
Homeownership Rate71.0%
Vacancy Rate1.9%

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Frequently Asked Questions

What is the population of Lake Sarasota, Florida?
The population of Lake Sarasota, Florida is 3,595 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Sarasota, Florida?
The median household income in Lake Sarasota, Florida is $92,429. This is 14.7% above the national median of $80,610.
What is the median home value in Lake Sarasota, Florida?
The median home value in Lake Sarasota, Florida is $381,000. The median monthly rent is $1,986.
What percentage of people in Lake Sarasota have a college degree?
In Lake Sarasota, Florida, 24.2% of adults age 25 and older hold a bachelor's degree or higher, and 91.0% have a high school diploma or higher.
Is Lake Sarasota, Florida an affordable place to live?
The home price-to-income ratio in Lake Sarasota, Florida is 4.1x (median home value $381,000 vs. median income $92,429), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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