Bonifay, FL
Population 2,782 · Florida
About Bonifay, FL
Bonifay is a small town located in Florida with a population of 2,782 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,630 per year, which is 47% below the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bonifay features a median home value of $116,000, which is 53% below the national median of $244,900. This makes Bonifay one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $881, 24% below the national average of $1,163/month. Of the 1,416 total housing units, 52% are owner-occupied (614 units) and 48% are renter-occupied (572 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Bonifay shows an unemployment rate of 13.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 25.1%, above the national average of 12.4%. Workers in Bonifay have an average one-way commute time of 28.4 minutes.
Education & Demographics
13.9% of Bonifay residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.2% White, 3.8% Hispanic or Latino, 0.1% Black or African American, and 1.8% Asian residents, with 4.1% of the population being foreign-born.
Cost of Living in Bonifay, FL
Compared to national averages, Bonifay has a median household income of $39,630 (47% below the national median of $75,149). Home values average $116,000, which is 53% below the national median. Monthly rent at $881 is 24% below the US average of $1,163. Within Florida, Bonifay's income is 48% below the state average of $75,893, and home values are 67% below the state median of $353,675.
Why Live in Bonifay, FL?
Bonifay offers affordable housing with a median home value of $116,000, below the US average of $244,900, and rent that’s lower than the national average at $881/month.
Potential considerations include median household income ($39,630) that falls below the national average. However, Bonifay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bonifay has a population of 2,782 with a median age of 39.3 years. Compare Bonifay with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Bonifay
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| De Leon Springs | 2,784 | $53,468 | $240,000 | Compare |
| Inverness Highlands North | 2,785 | $58,859 | $166,300 | Compare |
| Watertown | 2,797 | $43,164 | $112,800 | Compare |
| Hypoluxo | 2,744 | $79,583 | $249,900 | Compare |
| Island Walk | 2,724 | $78,857 | $579,800 | Compare |
| Vamo | 2,845 | $85,094 | $309,900 | Compare |
| Edgewood | 2,710 | $79,345 | $452,400 | Compare |
| Bay Pines | 2,700 | $67,012 | $248,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bonifay With Other Cities
Frequently Asked Questions about Bonifay
What is the population of Bonifay, FL?
The population of Bonifay, FL is 2,782 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Bonifay?
The median household income in Bonifay, FL is $39,630 per year, which is 47% below the national median of $75,149.
What is the median home value in Bonifay?
The median home value in Bonifay, FL is $116,000, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonifay?
The median monthly rent in Bonifay, FL is $881, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Bonifay?
The unemployment rate in Bonifay, FL is 13.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bonifay, FL a good place to live?
Bonifay offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,782 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Bonifay, FL?
13.9% of residents in Bonifay aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bonifay?
Key cost-of-living indicators for Bonifay, FL: median home value is $116,000 (53% below national), median rent is $881/month, and median household income is $39,630. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bonifay?
The poverty rate in Bonifay, FL is 25.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bonifay, FL?
Bonifay's population is 0.2% White, 3.8% Hispanic or Latino, 0.1% Black or African American, 1.8% Asian, and 18.6% two or more races. 4.1% of residents are foreign-born.