Midway, FL
Population 3,504 · Florida
About Midway, FL
Midway is a small town located in Florida with a population of 3,504 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,048 per year, which is 19% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Midway features a median home value of $212,400, which is 13% below the national median of $244,900. This positions Midway in a moderately priced market relative to the rest of the country. Median monthly rent is $1,002, 14% below the national average of $1,163/month. Of the 1,291 total housing units, 88% are owner-occupied (1,090 units) and 12% are renter-occupied (147 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Midway shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.8%, above the national average of 12.4%. Workers in Midway have an average one-way commute time of 33 minutes.
Education & Demographics
26.8% of Midway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.3% White, 0.0% Hispanic or Latino, 4.7% Black or African American, and 1.2% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Midway, FL
Compared to national averages, Midway has a median household income of $61,048 (19% below the national median of $75,149). Home values average $212,400, which is 13% below the national median. Monthly rent at $1,002 is 14% below the US average of $1,163. Within Florida, Midway's income is 20% below the state average of $75,893, and home values are 40% below the state median of $353,675.
Why Live in Midway, FL?
Midway offers affordable housing with a median home value of $212,400, below the US average of $244,900, and rent that’s lower than the national average at $1,002/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($61,048) that falls below the national average. However, Midway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Midway has a population of 3,504 with a median age of 37.4 years. Compare Midway with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Midway
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Holden Lakes | 3,506 | $66,196 | $354,600 | Compare |
| Port St. Joe | 3,499 | $60,347 | $280,600 | Compare |
| Bunnell | 3,511 | $52,564 | $247,800 | Compare |
| Geneva | 3,520 | $142,188 | $514,500 | Compare |
| Vineyards | 3,484 | $138,042 | $613,600 | Compare |
| Lake Clarke Shores | 3,550 | $150,393 | $494,700 | Compare |
| Tiger Point | 3,453 | $122,308 | $391,000 | Compare |
| Goulding | 3,448 | $27,299 | $86,800 | 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 Midway With Other Cities
Frequently Asked Questions about Midway
What is the population of Midway, FL?
The population of Midway, FL is 3,504 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 Midway?
The median household income in Midway, FL is $61,048 per year, which is 19% below the national median of $75,149.
What is the median home value in Midway?
The median home value in Midway, FL is $212,400, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Midway?
The median monthly rent in Midway, FL is $1,002, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Midway?
The unemployment rate in Midway, FL is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Midway, FL a good place to live?
Midway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,504 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Midway, FL?
26.8% of residents in Midway 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 Midway?
Key cost-of-living indicators for Midway, FL: median home value is $212,400 (13% below national), median rent is $1,002/month, and median household income is $61,048. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Midway?
The poverty rate in Midway, FL is 18.8%, 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 Midway, FL?
Midway's population is 1.3% White, 0.0% Hispanic or Latino, 4.7% Black or African American, 1.2% Asian, and 89.0% two or more races. 0.6% of residents are foreign-born.