The ZIP Code 34242 is associated with the city of Sarasota in Florida in Sarasota County in the U.S. The 34242 ZIP Code has a median age of 67.0 years, and 58.4% of residents are aged 62 years and older. Approximately 4% of the population is living below the poverty line. The median household income of this region is $111,190. Approximately 60.5% of residents in this Florida region hold a bachelor's degree or higher. The per capita income is estimated to be $89,800. The current population estimate is 7,465.
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Looking at race in the population that makes up ZIP Code 34242, 98.7% is one race, while 1.3% are two or more races. Approximately 1.4% of 34242 residents are hispanic or Latino (of any race). The most common race in 34242 (race alone or in combination with one or more other races), is White (97.9%), followed by Asian (2.8%) .
| Industry | Percent |
|---|---|
| White | 97.9% |
| Black or African American | 0.1% |
| American Indian and Alaska Native | 0.6% |
| Asian | 2.8% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 0.1% |
The median household income in ZIP Code 34242 is $111,190, while the region's mean household income is $171,317. Breaking income down further, per capita income in the region is $89,800. The per capita income in ZIP Code 34242 of $89,800 is approximately 184.01% more than the per capita income in Florida overall of $31,619. An estimated 3.5% of the population is living below the poverty line in this region. This rate is approximately 63.16% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 25.1% of the population in 34242 earn $200,000 or more per year, while an estimated 17.2% earn $100,000 to $149,999 per year, and 2.8% of 34242 residents earn less than $10,000 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 2.8% |
| $10,000 to $14,999 per year | 3.4% |
| $15,000 to $24,999 per year | 5.2% |
| $25,000 to $34,999 per year | 4.2% |
| $35,000 to $49,999 per year | 7.6% |
| $50,000 to $74,999 per year | 12.8% |
| $75,000 to $99,999 per year | 8.7% |
| $100,000 to $149,999 per year | 17.2% |
| $150,000 to $199,999 per year | 13.1% |
| $200,000 or more per year | 25.1% |
In ZIP Code 34242, 97.0% of the population graduated high school, while 60.5% have a bachelor's degree or higher. In this region, 1.0% achieved an education level less than 9th grade, while 27.9% hold a graduate or professional degree. Approximately 11.4% in this Sarasota County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.0% |
| 9th to 12th grade, no diploma | 2.0% |
| High school graduate (includes equivalency) | 11.4% |
| Some college, no degree | 18.7% |
| Associate's degree | 6.4% |
| Bachelor's degree | 32.5% |
| Graduate or professional degree | 27.9% |
Residents of ZIP Code 34242 are older than average. The median age of 67.0 years in ZIP Code 34242 is approximately 75.85% higher than the overall median age in the U.S. of 38.1 years. About 91.5% of residents are aged 18 years and older, and 58.4% of residents are 62 years and over. Approximately 26.3% of the population in 34242 falls in the age group 65 to 74 years, while an estimated 19.2% are aged 75 to 84 years. On the low end of the scale, 1.4% of 34242 residents are aged 5 to 9 years.
| Age Range | Percent |
|---|---|
| Under 5 years | 1.8% |
| 5 to 9 years | 1.4% |
| 10 to 14 years | 2.4% |
| 15 to 19 years | 3.9% |
| 20 to 24 years | 2.7% |
| 25 to 34 years | 2.3% |
| 35 to 44 years | 3.8% |
| 45 to 54 years | 10.6% |
| 55 to 59 years | 9.4% |
| 60 to 64 years | 8.1% |
| 65 to 74 years | 26.3% |
| 75 to 84 years | 19.2% |
| 85 years and over | 8.1% |
In ZIP Code 34242, 92.4% of the population lists "English only" as the language spoken in home, while 1.2% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 4.4% of homes, and other Indo-European languages are spoken in 1.9% of homes. Lastly, 0.2% 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 | 92.4% |
| Spanish | 1.2% |
| Other Indo-European languages | 4.4% |
| Asian and Pacific Islander languages | 1.9% |
| Other languages | 0.2% |
Regarding the age of homes in ZIP Code 34242, an estimated 46.0% of homes were built between 1970 and 1979. Additionally, 16.9% of homes in the region were built between 1980 and 1989, while an estimated 0.2% of homes were built between 2010 and 2013 in this Sarasota County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.7% |
| Built between 2010 and 2013 | 0.2% |
| Built between 2000 and 2009 | 6.5% |
| Built between 1990 and 1999 | 3.7% |
| Built between 1980 and 1989 | 16.9% |
| Built between 1970 and 1979 | 46.0% |
| Built between 1960 and 1969 | 16.9% |
| Built between 1950 and 1959 | 6.4% |
| Built between 1940 and 1949 | 1.7% |
| Built in 1939 or earlier | 1.1% |
In 34242, 40.1% of the population is in the labor force. Recent estimates place 22.4% as working from home, while the total labor force in the region has a mean travel to time to work of 27.0 minutes. Approximately 24.2% of the employed population 16 years and over in 34242 work in professional, scientific, management, and administrative, while an estimated 22.5% work in educational services, and health care and social assistance. On the lower end of the scale, just 1.4% of 34242 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 1.5% |
| Construction | 4.5% |
| Manufacturing | 3.5% |
| Wholesale trade | 2.1% |
| Retail trade | 7.2% |
| Transportation and warehousing, and utilities | 4.3% |
| Information | 1.4% |
| Finance and insurance, and real estate and rental and leasing | 15.5% |
| Professional, scientific, management, and administrative | 24.2% |
| Educational services, and health care and social assistance | 22.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 8.4% |
| Other services, except public administration | 3.5% |
| Public administration | 1.5% |
Regarding solar power potential, ZIP Code 34242 has an average daily solar radiation level of 5.74 kWh/m2/day. This is approximately 39.32% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 12.9% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 34242 | 10.4¢/kWh | 8.72¢/kWh | 6.86¢/kWh |
| Florida | 15.28¢/kWh | 12.17¢/kWh | 9.32¢/kWh |
| United States | 16.1¢/kWh | 12.81¢/kWh | 7.81¢/kWh |
| Month | ZIP Code 34242 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 5.51 | 1.9 | 5.84 |
| Feb | 5.8 | 3 | 6.31 |
| Mar | 6.26 | 3.65 | 7.02 |
| Apr | 6.32 | 5.13 | 7.3 |
| May | 5.94 | 5.17 | 7.13 |
| Jun | 5.23 | 5.72 | 6.95 |
| Jul | 5.25 | 6.22 | 6.51 |
| Aug | 5.53 | 6.08 | 6.65 |
| Sep | 5.41 | 5.15 | 7.02 |
| Oct | 6.22 | 3.32 | 6.92 |
| Nov | 5.92 | 2.33 | 5.99 |
| Dec | 5.48 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 34242, credit card or prepaid card have received the most complaints in 34242 in the past 12 months. Checking or savings account received the second most complaints. The most frequent complaint overall in this Sarasota County region was managing an account.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit card or prepaid card | 3 |
| Checking or savings account | 2 |
| Debt collection | 2 |
| Credit reporting or credit repair services | 1 |
| Money transfer, virtual currency, or money service | 1 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Managing an account | 2 |
| Attempts to collect debt not owed | 1 |
| Closing your account | 1 |
| Communication tactics | 1 |
| Improper use of your report | 1 |
| Other | 3 |