9. Sarasota, Florida
Sarasota’s picturesque beaches, including Lido Key and Siesta Key, draw many visitors and retirees to the area. The unusual quartz sand at Siesta Beach is soft, white and powdery and stays cool to the touch, even on sunny days. The reasonable housing costs make it easy to retire near the water. The median home value among people age 60 and older is $204,000. Retirees with a mortgage pay a median of $1,382 per month for housing, and that drops to $527 per month among retirees who are mortgage-free. The median rent is $1,060 per month. You can take a look at mortgage rates in Florida and choose between 30-year fixed mortgage rate, 15-year fixed mortgage rate, 5/1 ARM mortgage rate, and 30-year fixed refinance rate. Here is a list of 10 best Florida mortgage lenders of 2020.
Population: 51,917
Median House Value at Sarasota, Florida: $204,000
Median Monthly Rent at Sarasota, Florida: $1,069
Today, the city is a mix of history and modern attractions. Many historic homes and neighborhoods remain intact, while other areas of the city have been updated with shopping centers, hotels, restaurants, and other businesses. The city’s economy is primarily based on tourism, with many coming to the city to enjoy the beautiful beaches and all that Sarasota has to offer. According to the most recent ACS, the racial composition of Sarasota was:
- White: 81.36%
- Black or African American: 13.65%
- Two or more races: 1.74%
- Asian: 1.58%
- Other race: 1.41%
- Native American: 0.27%
- Native Hawaiian or Pacific Islander: 0.00%