salaryRent here is among the highest 10% in the country. A typical house costs about 7.9 years of household income, so buying is hard for most locals. Commutes are long, about 37.2 minutes each way. Most homes (92.6%) are owned, so rentals can be hard to find. It is a highly educated city: 67% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 478 of 479 cities from cheapest to most expensive.
How much do households earn in Siesta Key?
Share of households by yearly income. 47.3% of households earn $100,000 or more.
Rent by apartment size in Siesta Key
| Size | Siesta Key | U.S. average |
|---|---|---|
| 1 bedroom | $3,014 | $1,324 |
| 2 bedrooms | $3,500+ | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Siesta Key overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Siesta Key, so the Florida figure is shown.
Taxes and bills in Siesta Key
Life in Siesta Key
Is it cheaper to rent or buy in Siesta Key?
Renting is cheaper right now: about $3,339 a month less.
Owning assumes a typical $985,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $98,580 for the down payment.
Frequently asked questions
What is the average rent in Siesta Key, FL?
Renting in Siesta Key costs a median of about $3,500+ a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Siesta Key?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Siesta Key cheap or expensive?
Siesta Key is rated Expensive: rent takes 33.6% of the typical household income of $124,949. It ranks 478th cheapest of 479 Florida cities we track.
How much are property taxes in Siesta Key?
The median homeowner in Siesta Key pays $6,746 a year in property taxes, about 0.68% of the median home value.
Is Siesta Key more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Siesta Key?
The median home value in Siesta Key is $985,800, about 7.9 times the typical yearly household income.
5,525 people live in Siesta Key. Numbers are typical (middle) values.