Living in North Bay Village, Florida
Cost of living, income, home prices, rent and demographics of North Bay Village · Census data 2020–2024
North Bay Village has 8,118 residents with a median age of 47.7. The median household income is $84,405 (13% higher than the Florida median), the median home value is $464,200, the median rent is $2,157/month.
North Bay Village at a glance
- Population
- 8,118
- Median age
- 47.7State: 42.6
- Median household income
- $84,405State: $74,568
- Median home value
- $464,200State: $359,000
- Median rent
- $2,157/moState: $1,669
- Homeowners
- 42.4%
- Bachelor's degree or higher
- 45%
- Average commute
- 34 min
Is North Bay Village a good place to live?
Pros: Median household income 13% higher than the Florida median; unemployment of 3.3%; a poverty rate of 9.3%.
Cons: Home values 29% higher than the state median; an average commute of 34 minutes.
The weather is best in February–March and November–December.
Cost of living in North Bay Village
Housing is the biggest part of the cost of living. In North Bay Village the median home value is $464,200, 40% higher than the U.S. median. Renters pay a median of $2,157 per month, which is 37.2% of household income. Homeowners with a mortgage pay $3,042 a month in housing costs.
North Bay Village median household income
The median household income in North Bay Village is $84,405 and the income per person is $46,331. 9.3% of residents live below the poverty line (Florida: 12.6%).
Housing in North Bay Village: homes for sale and rent
- Housing units
- 4,497
- Owner-occupied
- 42.4%
- Renter-occupied
- 57.6%
- Vacant
- 20.6%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.21
North Bay Village demographics
- Population
- 8,118
- Median age
- 47.7
- Under 18
- 10%
- 65 and older
- 15%
- Households
- 3,569
- Foreign-born
- 58.8%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of North Bay Village ›
Education in North Bay Village
45% of adults 25 and older in North Bay Village have a bachelor's degree or higher (Florida: 34.1%), and 16.7% have a graduate or professional degree.
Jobs and commute in North Bay Village
- Unemployment rate
- 3.3%State: 4.8%
- Average commute
- 34 minState: 28 min
- Work from home
- 23.5%
- Drive alone
- 57.8%
- Public transit
- 1.1%
- Walk to work
- 0.2%
- Homes with broadband
- 87.6%
North Bay Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| North Bay Village | 8,118 | $84,405 | $464,200 | $2,157 |
| Miami Shores | 11,752 | $144,050 | $864,400 | $2,657 |
| Surfside | 5,631 | $100,208 | $881,700 | $1,866 |
| Miami Beach | 82,031 | $72,856 | $556,700 | $1,826 |
| El Portal | 1,809 | $108,167 | $723,900 | $2,042 |
| Bay Harbor Islands | 5,847 | $89,663 | $653,500 | $2,442 |
| Biscayne Park | 3,085 | $77,083 | $674,300 | $1,529 |
| Bal Harbour | 3,055 | $80,806 | $1,823,500 | $2,804 |
| North Miami | 60,344 | $57,188 | $365,000 | $1,702 |
More for people moving to North Bay Village
North Bay Village ZIP code ›Weather and climate ›Living in North Bay Village: FAQ
What is the median household income in North Bay Village, FL?
The median household income in North Bay Village is $84,405, 13% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in North Bay Village?
The median home value in North Bay Village is $464,200, compared with $359,000 in Florida.
How much is rent in North Bay Village?
The median gross rent in North Bay Village is $2,157 per month, about 37.2% of household income.
Is North Bay Village, FL a good place to live?
Pluses: median household income 13% higher than the Florida median; unemployment of 3.3%; a poverty rate of 9.3%. Minuses: home values 29% higher than the state median; an average commute of 34 minutes.
What is the median age in North Bay Village?
The median age in North Bay Village is 47.7 years (Florida: 42.6).
How long is the commute in North Bay Village?
The average commute to work in North Bay Village is 34 minutes; 23.5% of workers work from home.
What is the unemployment rate in North Bay Village?
The unemployment rate in North Bay Village is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is North Bay Village?
45% of adults in North Bay Village have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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