Salary Needed to Live in Sarasota as a Retiree
A retired individual (65+) needs approximately $22,989/year to live comfortably in Sarasota, FL — including 5% savings.
Comfortable Salary
$22,989
with 5% savings
Bare Minimum
$21,456
no savings buffer
Monthly Expenses
$1,341
10% above national avg
Detailed Monthly Budget for a Retiree in Sarasota
| Expense | Sarasota | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $153 | $121 | +26% |
| 🛒 Groceries | $19 | $16 | +19% |
| ⚡ Utilities | $15 | $15 | 0% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $217 | $223 | -3% |
| 🏥 Health Insurance | $55 | $56 | -2% |
| Medicare Supplement | $224 | $200 | +12% |
| Prescription Drugs | $168 | $150 | +12% |
| Internet + Phone | $134 | $120 | +12% |
| Recreation & Social | $224 | $200 | +12% |
| Home Maintenance | $112 | $100 | +12% |
| Total Monthly | $1,341 | $1,219 | +10% |
How We Calculated the Salary
Monthly expenses:$1,341
Target savings (5%):$76/mo
Monthly after-tax needed:$1,417
Effective tax rate:25%
Gross annual salary needed:$22,989
Other Household Types in Sarasota
Related Pages
FAQ
What salary does a retiree need in Sarasota?
A retiree needs approximately $22,989/year ($1,916/month gross) to live comfortably in Sarasota with a 5% savings rate.
How much is rent for a retiree in Sarasota?
A 1-2br senior-friendly in Sarasota costs approximately $153/month, which is the largest single expense at 11% of the total budget.
Is Sarasota affordable for a retiree?
Sarasota is roughly average for retiree costs, requiring a salary close to the national median.