Florida costs run about 3.4% above the national cost-of-living average, and Sarasota is above the Florida average. Florida’s lack of individual income tax provides real savings, but housing and insurance offset much of it. Typical Sarasota home values vary widely, with Zillow near $413,000 and Redfin near $686,000, while rentals average about $1,700 for a one-bedroom and $2,100–$2,300 for a two-bedroom. A workable couple budget for a paid-off home totals $5,500 monthly using $850 for property taxes/HOA/maintenance, $700 for homeowners and wind insurance, $400 utilities/internet/phones, $850 groceries, $850 healthcare premiums and out-of-pocket, $550 transportation and vehicle reserve, $700 dining/recreation/gifts/travel, and $600 miscellaneous, federal taxes on withdrawals, and emergency reserve. The plan has no slack and depends on reasonable cars and disciplined hurricane-season insurance shopping.
#retirement-budgeting #sarasota-housing-costs #florida-taxes #insurance-and-healthcare-expenses #cost-of-living
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