Living in North Merritt Island, Florida
Cost of living, income, home prices, rent and demographics of North Merritt Island · Census data 2020–2024
North Merritt Island has 9,025 residents with a median age of 52.6. The median household income is $104,878 (41% higher than the Florida median), the median home value is $525,400, the median rent is $1,274/month.
North Merritt Island at a glance
- Population
- 9,025
- Median age
- 52.6State: 42.6
- Median household income
- $104,878State: $74,568
- Median home value
- $525,400State: $359,000
- Median rent
- $1,274/moState: $1,669
- Homeowners
- 86.6%
- Bachelor's degree or higher
- 37.5%
- Average commute
- 29 min
Is North Merritt Island a good place to live?
Pros: Median household income 41% higher than the Florida median; a poverty rate of 6.9%.
Cons: Home values 46% higher than the state median; an average commute of 29 minutes; unemployment of 7%.
The weather is best in March–April and November–December.
Cost of living in North Merritt Island
Housing is the biggest part of the cost of living. In North Merritt Island the median home value is $525,400, 58% higher than the U.S. median. Renters pay a median of $1,274 per month, which is 44.3% of household income. Homeowners with a mortgage pay $2,591 a month in housing costs.
North Merritt Island median household income
The median household income in North Merritt Island is $104,878 and the income per person is $59,146. 6.9% of residents live below the poverty line (Florida: 12.6%).
Housing in North Merritt Island: homes for sale and rent
- Housing units
- 3,893
- Owner-occupied
- 86.6%
- Renter-occupied
- 13.4%
- Vacant
- 9.6%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.55
North Merritt Island demographics
- Population
- 9,025
- Median age
- 52.6
- Under 18
- 17.1%
- 65 and older
- 27.9%
- Households
- 3,521
- Foreign-born
- 6.6%
- Veterans
- 16.2%Adults 18+
Hispanic or Latino can be of any race. Population history of North Merritt Island ›
Education in North Merritt Island
37.5% of adults 25 and older in North Merritt Island have a bachelor's degree or higher (Florida: 34.1%), and 14.8% have a graduate or professional degree.
Jobs and commute in North Merritt Island
- Unemployment rate
- 7%State: 4.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 17.7%
- Drive alone
- 72.5%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 95.6%
North Merritt Island vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| North Merritt Island | 9,025 | $104,878 | $525,400 | $1,274 |
| Sharpes | 2,840 | $69,531 | $295,800 | $856 |
| Tropical Park | 2,355 | $35,732 | $307,100 | $1,179 |
| Port St. John | 25,120 | $87,736 | $281,300 | $1,771 |
| Cocoa | 19,554 | $63,105 | $246,100 | $1,274 |
| Cocoa West | 5,923 | $34,126 | $158,700 | $1,162 |
| Cape Canaveral | 10,006 | $67,276 | $372,400 | $1,318 |
| West Canaveral Groves | 224 | $53,819 | — | — |
| Rockledge | 29,133 | $84,255 | $338,100 | $1,820 |
More for people moving to North Merritt Island
North Merritt Island ZIP code ›Weather and climate ›Living in North Merritt Island: FAQ
What is the median household income in North Merritt Island, FL?
The median household income in North Merritt Island is $104,878, 41% 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 Merritt Island?
The median home value in North Merritt Island is $525,400, compared with $359,000 in Florida.
How much is rent in North Merritt Island?
The median gross rent in North Merritt Island is $1,274 per month, about 44.3% of household income.
Is North Merritt Island, FL a good place to live?
Pluses: median household income 41% higher than the Florida median; a poverty rate of 6.9%. Minuses: home values 46% higher than the state median; an average commute of 29 minutes; unemployment of 7%.
What is the median age in North Merritt Island?
The median age in North Merritt Island is 52.6 years (Florida: 42.6).
How long is the commute in North Merritt Island?
The average commute to work in North Merritt Island is 29 minutes; 17.7% of workers work from home.
What is the unemployment rate in North Merritt Island?
The unemployment rate in North Merritt Island is 7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is North Merritt Island?
37.5% of adults in North Merritt Island 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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