Six-figure employees increase 97.5% in five years in the Sarasota metro


The number of people earning more than $ 100,000 a year in the Sarasota-Bradenton metro area nearly doubled from 2015 to 2020, according to investment firm Stessa.

Stessa used the most recent data available from the United States Bureau of Labor Statistics to calculate the six-digit change in income for each metro in the United States over a five-year period.

The Sarasota, Bradenton and North Port metropolitan area saw a 97.5% increase in the number of people earning $ 100,000 or more, from 3,930 people in 2015 to 7,760 people in 2020.

While this area experienced six-figure employee growth, there were 27 other mid-sized subways with higher growth rates.

Previous coverage on the economy:While leisure travel booms, business travel lags behind for Sarasota

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The Lansing, Michigan subway saw the largest increase for midsize subways in terms of people earning more than $ 100,000, with an increase of 326.5%. Other notable mid-size subways, which characterize the Sarasota-Bradenton areas, saw a larger increase in the number of people making six figures: Santa Rosa, Calif., With a 212% increase, Chattanooga, Tenn., In 211%; Charleston, South Carolina, with an increase of 157.4%; Augusta, Georgia, 149.4% and Little Rock, Arkansas, 123.4%.

According to Stessa, software developers and managers of computer and information systems are an area that could explain the growth of well-paying jobs nationwide, although he said that “the most important six-figure occupation. Common is that of general managers and operations, who represent more than 2.3 million people. American workers.

Data provided by Stessa did not break down local occupations that saw the number of employees increase to six figures, but data available from the United States Bureau of Labor Statistics did contain statistics for the region.

According to figures, this region had 293,250 people employed in May 2020. Among the occupations tracked by this federal agency with a median income of more than $ 100,000, management occupations had – by far – the most people employed. .

There were 14,790 people employed in management occupations with median annual earnings of $ 105,000.

The only other occupation to employ more than 1,000 people with a median income over $ 100,000 was software developers. About 1,830 people were employed as software developers and earned a median income of $ 105,330.

Health care managers dominate the rest of the region’s occupations with median earnings above $ 100,000.

Federal statistics reported that the region’s 230 dentists had the highest median annual income, at $ 278,790.

The most common occupation in the region, office and administrative support, employs 39,000 people, with a median income of $ 39,083 per year, or $ 18.79 per hour.

According to statistics, food preparation and serving jobs were the second most common job in the Sarasota subway with 32,930 people employed for a median annual income of $ 28,740, or $ 13.82 per hour.

Sales jobs ranked third with 32,870 jobs, for a median income of $ 40,890.

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