The ZIP Code 34240 is associated with the city of Sarasota in Florida in Sarasota County in the U.S. The 34240 ZIP Code has a median age of 49.5 years, and 28.9% of residents are aged 62 years and older. Approximately 7% of the population lives below the poverty line, while the median househould income sits at $92,000. Approximately 46.2% of residents in this Florida region hold a bachelor's degree or higher. The per capita income is estimated to be $49,664. The current population estimate is 11,442.
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Looking at race in the population that makes up ZIP Code 34240, 99.7% is one race, while 0.3% are two or more races. Approximately 4.9% of 34240 residents are hispanic or Latino (of any race). The most common race in 34240 (race alone or in combination with one or more other races), is White (95.2%), followed by Asian (3.3%) .
| Industry | Percent |
|---|---|
| White | 95.2% |
| Black or African American | 1.6% |
| American Indian and Alaska Native | 0.3% |
| Asian | 3.3% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 0.0% |
The median household income in ZIP Code 34240 is $92,000, while the region's mean household income is $140,978. Breaking income down further, per capita income in the region is $49,664. The per capita income in ZIP Code 34240 of $49,664 is approximately 57.07% more than the per capita income in Florida overall of $31,619. An estimated 6.5% of the population is living below the poverty line in this region. This rate is approximately 31.58% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 20.1% of the population in 34240 earn $200,000 or more per year, while an estimated 16.6% earn $75,000 to $99,999 per year, and 2.4% of 34240 residents earn less than $10,000 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 2.4% |
| $10,000 to $14,999 per year | 2.9% |
| $15,000 to $24,999 per year | 4.5% |
| $25,000 to $34,999 per year | 3.9% |
| $35,000 to $49,999 per year | 10.4% |
| $50,000 to $74,999 per year | 13.6% |
| $75,000 to $99,999 per year | 16.6% |
| $100,000 to $149,999 per year | 16.2% |
| $150,000 to $199,999 per year | 9.4% |
| $200,000 or more per year | 20.1% |
In ZIP Code 34240, 95.5% of the population graduated high school, while 46.2% have a bachelor's degree or higher. In this region, 0.8% achieved an education level less than 9th grade, while 21.2% hold a graduate or professional degree. Approximately 22.8% in this Sarasota County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 0.8% |
| 9th to 12th grade, no diploma | 3.7% |
| High school graduate (includes equivalency) | 22.8% |
| Some college, no degree | 17.2% |
| Associate's degree | 9.2% |
| Bachelor's degree | 25.0% |
| Graduate or professional degree | 21.2% |
Residents of ZIP Code 34240 are older than average. The median age of 49.5 years in ZIP Code 34240 is approximately 29.92% higher than the overall median age in the U.S. of 38.1 years. About 78.1% of residents are aged 18 years and older, and 28.9% of residents are 62 years and over. Approximately 16.1% of the population in 34240 falls in the age group 65 to 74 years, while an estimated 15.5% are aged 45 to 54 years. On the low end of the scale, 3.0% of 34240 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.0% |
| 5 to 9 years | 5.5% |
| 10 to 14 years | 6.1% |
| 15 to 19 years | 6.6% |
| 20 to 24 years | 3.7% |
| 25 to 34 years | 6.6% |
| 35 to 44 years | 8.9% |
| 45 to 54 years | 15.5% |
| 55 to 59 years | 10.0% |
| 60 to 64 years | 6.7% |
| 65 to 74 years | 16.1% |
| 75 to 84 years | 5.5% |
| 85 years and over | 3.0% |
In ZIP Code 34240, 90.9% of the population lists "English only" as the language spoken in home, while 3.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 3.2% of homes, and other Indo-European languages are spoken in 1.9% of homes. Lastly, 0.5% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Sarasota County region.
| Language Spoken | Percent |
|---|---|
| English only | 90.9% |
| Spanish | 3.5% |
| Other Indo-European languages | 3.2% |
| Asian and Pacific Islander languages | 1.9% |
| Other languages | 0.5% |
Regarding the age of homes in ZIP Code 34240, an estimated 41.7% of homes were built between 2000 and 2009. Additionally, 21.8% of homes in the region were built between 1990 and 1999, while an estimated 0.2% of homes were built in 1939 or earlier in this Sarasota County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 2.9% |
| Built between 2010 and 2013 | 1.8% |
| Built between 2000 and 2009 | 41.7% |
| Built between 1990 and 1999 | 21.8% |
| Built between 1980 and 1989 | 13.7% |
| Built between 1970 and 1979 | 12.7% |
| Built between 1960 and 1969 | 3.8% |
| Built between 1950 and 1959 | 1.3% |
| Built between 1940 and 1949 | 0.2% |
| Built in 1939 or earlier | 0.2% |
In 34240, 53.6% of the population is in the labor force. Recent estimates place 10.9% as working from home, while the total labor force in the region has a mean travel to time to work of 24.1 minutes. Approximately 23.9% of the employed population 16 years and over in 34240 work in educational services, and health care and social assistance, while an estimated 14.7% work in professional, scientific, management, and administrative. On the lower end of the scale, just 0.7% of 34240 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 1.7% |
| Construction | 10.7% |
| Manufacturing | 5.6% |
| Wholesale trade | 2.7% |
| Retail trade | 9.6% |
| Transportation and warehousing, and utilities | 4.1% |
| Information | 0.7% |
| Finance and insurance, and real estate and rental and leasing | 9.5% |
| Professional, scientific, management, and administrative | 14.7% |
| Educational services, and health care and social assistance | 23.9% |
| Arts, entertainment, and recreation, and accommodation and food services | 6.7% |
| Other services, except public administration | 3.9% |
| Public administration | 6.1% |
Regarding solar power potential, ZIP Code 34240 has an average daily solar radiation level of 5.72 kWh/m2/day. This is approximately 38.83% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 13.2% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 34240 | 10.4¢/kWh | 8.72¢/kWh | 6.86¢/kWh |
| Florida | 14.65¢/kWh | 11.43¢/kWh | 8.85¢/kWh |
| United States | 16.88¢/kWh | 12.66¢/kWh | 7.82¢/kWh |
| Month | ZIP Code 34240 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 5.75 | 1.9 | 5.84 |
| Feb | 6.15 | 3 | 6.31 |
| Mar | 6.39 | 3.65 | 7.02 |
| Apr | 6.32 | 5.13 | 7.3 |
| May | 5.88 | 5.17 | 7.13 |
| Jun | 5.04 | 5.72 | 6.95 |
| Jul | 4.99 | 6.22 | 6.51 |
| Aug | 5.15 | 6.08 | 6.65 |
| Sep | 5.4 | 5.15 | 7.02 |
| Oct | 6.19 | 3.32 | 6.92 |
| Nov | 5.98 | 2.33 | 5.99 |
| Dec | 5.39 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 34240, credit reporting or credit repair services have received the most complaints in 34240 in the past 12 months. Credit reporting or other personal consumer reports received the second most complaints. The most frequent complaint overall in this Sarasota County region was improper use of a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or credit repair services | 58 |
| Credit reporting or other personal consumer reports | 49 |
| Credit card or prepaid card | 9 |
| Debt collection | 8 |
| Mortgage | 6 |
| Other | 12 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Improper use of your report | 52 |
| Incorrect information on your report | 44 |
| Problem with a company's investigation into an existing problem | 7 |
| Problem with a credit reporting company's investigation | 7 |
| Attempts to collect debt not owed | 6 |
| Other | 26 |