Lake Sarasota, FL
Population 3,802 · Florida
About Lake Sarasota, FL
Lake Sarasota is a small town located in Florida with a population of 3,802 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,689 per year, which is 31% above the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Sarasota features a median home value of $337,700, which is 38% above the national median of $244,900. This positions Lake Sarasota in a moderately priced market relative to the rest of the country. Median monthly rent is $1,858, 60% above the national average of $1,163/month. Of the 1,379 total housing units, 70% are owner-occupied (934 units) and 30% are renter-occupied (395 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Sarasota shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Sarasota have an average one-way commute time of 27.3 minutes.
Education & Demographics
28.2% of Lake Sarasota residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 4.4% Asian residents, with 7.8% of the population being foreign-born.
Cost of Living in Lake Sarasota, FL
Compared to national averages, Lake Sarasota has a median household income of $98,689 (31% above the national median of $75,149). Home values average $337,700, which is 38% above the national median. Monthly rent at $1,858 is 60% above the US average of $1,163. Within Florida, Lake Sarasota's income is 30% above the state average of $75,893, and home values are 5% below the state median of $353,675.
Why Live in Lake Sarasota, FL?
Lake Sarasota offers a strong local economy with a median household income of $98,689, well above the national average, and a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 8.3%, better than the national average.
Lake Sarasota has a population of 3,802 with a median age of 36.1 years. Compare Lake Sarasota with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Sarasota
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Umatilla | 3,793 | $67,206 | $194,500 | Compare |
| Lely | 3,770 | $65,029 | $290,400 | Compare |
| Juno Beach | 3,835 | $65,203 | $644,400 | Compare |
| St. James City | 3,846 | $64,539 | $284,800 | Compare |
| Point Baker | 3,757 | $61,442 | $207,600 | Compare |
| Alturas | 3,866 | $68,955 | $164,500 | Compare |
| Hill 'n Dale | 3,722 | $52,452 | $117,000 | Compare |
| Watergate | 3,709 | $72,641 | $214,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Sarasota With Other Cities
Frequently Asked Questions about Lake Sarasota
What is the population of Lake Sarasota, FL?
The population of Lake Sarasota, FL is 3,802 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Lake Sarasota?
The median household income in Lake Sarasota, FL is $98,689 per year, which is 31% above the national median of $75,149.
What is the median home value in Lake Sarasota?
The median home value in Lake Sarasota, FL is $337,700, which is 38% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Sarasota?
The median monthly rent in Lake Sarasota, FL is $1,858, which is 60% above the national average of $1,163/month.
What is the unemployment rate in Lake Sarasota?
The unemployment rate in Lake Sarasota, FL is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Sarasota, FL a good place to live?
Lake Sarasota offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,802 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Lake Sarasota, FL?
28.2% of residents in Lake Sarasota aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Sarasota?
Key cost-of-living indicators for Lake Sarasota, FL: median home value is $337,700 (38% above national), median rent is $1,858/month, and median household income is $98,689. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Sarasota?
The poverty rate in Lake Sarasota, FL is 8.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Sarasota, FL?
Lake Sarasota's population is 1.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 4.4% Asian, and 1.2% two or more races. 7.8% of residents are foreign-born.