Lake Sarasota, FL

Census Place

2024 Population

3,595

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

36.8

1.94% 1-year increase

2024 Poverty Rate

9.97%

19.5% 1-year increase

2024 Median Household Income

$92,429

6.34% 1-year decline

2024 Median Property Value

$381,000

Population & Diversity

Lake Sarasota, FL is home to a population of 3.6k people, from which 96.1% are citizens.

As of 2024, 8.51% of Lake Sarasota, FL residents were born outside of the country (306 people).

In 2024, there were 27.9 times more White (Non-Hispanic) residents (3.12k people) in Lake Sarasota, FL than any other race or ethnicity. There were 112 Two Races Including Other (Hispanic) and 93 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.1%

2024 Citizenship

96.6%

2023 Citizenship

As of 2024, 96.1% of Lake Sarasota, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Sarasota, FL was 96.6%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Lake Sarasota, FL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Sarasota, FL

White (Non-Hispanic)
3.12k ± 722
Two Races Including Other (Hispanic)
112 ± 139
Other (Hispanic)
93 ± 105

7.2%

Hispanic Population

259 people

7.2% of the people in Lake Sarasota, FL are hispanic (259 people).

The following chart shows the 8 races represented in Lake Sarasota, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

8.51%

2024 Foreign-Born Population

306 people

7.81%

2023 Foreign-Born Population

297 people

As of 2024, 8.51% of Lake Sarasota, FL residents (306 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Sarasota, FL was 7.81%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Lake Sarasota, FL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
46 ± 44
Gulf War (2001-)
38 ± 41
Korea
13 ± 26

Lake Sarasota, FL has a large population of military personnel who served in Vietnam, 1.21 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Sarasota, FL.

Economy

The economy of Lake Sarasota, FL employs 2.01k people. In 2024, the largest industries in Lake Sarasota, FL were Health Care & Social Assistance (258 people), Accommodation & Food Services (246 people), and Administrative & Support & Waste Management Services (229 people), and the highest paying industries were Information ($102,981), Real Estate & Rental & Leasing ($82,750), and Wholesale Trade ($73,512).

Employment

Occupations

2.01k

2024 Value

± 339

−6.86%

1 Year decline

± 24.9%

From 2023 to 2024, employment in Lake Sarasota, FL declined at a rate of −6.86%, from 2.16k employees to 2.01k employees.

The most common job groups, by number of people living in Lake Sarasota, FL, are Management Occupations (260 people), Building & Grounds Cleaning & Maintenance Occupations (252 people), and Food Preparation & Serving Related Occupations (169 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Sarasota, FL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.01k

2024 Value

± 339

−6.86%

1 Year decline

± 24.9%

From 2023 to 2024, employment in Lake Sarasota, FL declined at a rate of −6.86%, from 2.16k employees to 2.01k employees.

The most common employment sectors for those who live in Lake Sarasota, FL, are Health Care & Social Assistance (258 people), Accommodation & Food Services (246 people), and Administrative & Support & Waste Management Services (229 people). This chart shows the share breakdown of the primary industries for residents of Lake Sarasota, FL, though some of these residents may live in Lake Sarasota, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$60,857

Median earning men ± $12,505

$37,292

Median earning women ± $6,667

The industries with the best median earnings for men in 2024 are Information ($102,981), Finance & Insurance, & Real Estate & Rental & Leasing ($89,063), and Retail Trade ($75,188).

The industries with the best median earnings for women in 2024 are Construction ($168,359), Manufacturing ($61,932), and Finance & Insurance, & Real Estate & Rental & Leasing ($44,803).

Housing & Living

The median property value in Lake Sarasota, FL was $381,000 in 2024, which is 1.15 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $337,700 to $381,000, a 12.8% increase. The homeownership rate in Lake Sarasota, FL is 71%, which is higher than the national average of 65.2%.

People in Lake Sarasota, FL have an average commute time of 24.6 minutes, and they drove alone to work. Car ownership in Lake Sarasota, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$381,000

Median Property Value 2024

±$41,050

$922

Median Property Taxes

±$210

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Sarasota, FL the largest share of households pay taxes in the $2k - $3k range.

The chart underneath the paragraph shows the property taxes in Lake Sarasota, FL compared to it's parent and neighbor geographies.

Rent vs Own

71%

Homeownership

2024

62%

Homeowners with Mortgage

2024

In 2024, 71% of the housing units in Lake Sarasota, FL were occupied by their owner. This percentage grew from the previous year's rate of 70.3%.

This chart shows the percentage of owner in Lake Sarasota, FL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$92,429

Median Household Income

± $16,129

1.3k

Number of Households

± 256

In 2024, the median household income of the 1.3k households in Lake Sarasota, FL declined from $92,429 from the previous year's value of $98,689.

The following chart displays the households in Lake Sarasota, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Lake Sarasota, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (81%)
Carpooled (14.6%)
Worked At Home (4.39%)

In 2024, 81% of workers in Lake Sarasota, FL drove alone to work, followed by those who carpooled to work (14.6%) and those who worked at home (4.39%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

24.6 minutes

Average Travel Time

Using averages, employees in Lake Sarasota, FL have a shorter commute time (24.6 minutes) than the normal US worker (26.4 minutes). Additionally, 1.06% of the workforce in Lake Sarasota, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Sarasota, FL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Lake Sarasota, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Sarasota, FL have 2 cars.

Poverty

Poverty & Diversity

9.97% of the population for whom poverty status is determined in Lake Sarasota, FL (354 out of 3.55k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 45 - 54, followed by Females 6 - 11 and then Females 18 - 24.

The most common racial or ethnic group living below the poverty line in Lake Sarasota, FL is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Keep Exploring