North Bay Village, FL
Population 8,004 · Florida
About North Bay Village, FL
North Bay Village is a small town located in Florida with a population of 8,004 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,761 per year, which is 7% above the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in North Bay Village features a median home value of $448,000, which is 83% above the national median of $244,900. This places North Bay Village in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,115, 82% above the national average of $1,163/month. Of the 4,364 total housing units, 39% are owner-occupied (1,318 units) and 61% are renter-occupied (2,097 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in North Bay Village shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in North Bay Village have an average one-way commute time of 31.6 minutes.
Education & Demographics
51.0% of North Bay Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.0% Hispanic or Latino, 4.0% Black or African American, and 37.5% Asian residents, with 56.8% of the population being foreign-born.
Cost of Living in North Bay Village, FL
Compared to national averages, North Bay Village has a median household income of $80,761 (7% above the national median of $75,149). Home values average $448,000, which is 83% above the national median. Monthly rent at $2,115 is 82% above the US average of $1,163. Within Florida, North Bay Village's income is 6% above the state average of $75,893, and home values are 27% above the state median of $353,675.
Why Live in North Bay Village, FL?
North Bay Village offers a strong local economy with a median household income of $80,761, well above the national average, and a well-educated community where 51.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $448,000. However, North Bay Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
North Bay Village has a population of 8,004 with a median age of 46.6 years. Compare North Bay Village with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near North Bay Village
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Weeki Wachee | 7,967 | $63,235 | $286,900 | Compare |
| Springfield | 8,157 | $51,640 | $177,500 | Compare |
| Odessa | 8,170 | $116,870 | $503,400 | Compare |
| Quincy | 7,818 | $34,126 | $101,700 | Compare |
| McGregor | 8,198 | $88,578 | $413,000 | Compare |
| Broadview Park | 7,802 | $67,532 | $326,700 | Compare |
| Sky Lake | 7,728 | $65,161 | $254,300 | Compare |
| Lely Resort | 8,296 | $100,163 | $599,000 | 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 North Bay Village With Other Cities
Frequently Asked Questions about North Bay Village
What is the population of North Bay Village, FL?
The population of North Bay Village, FL is 8,004 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 North Bay Village?
The median household income in North Bay Village, FL is $80,761 per year, which is 7% above the national median of $75,149.
What is the median home value in North Bay Village?
The median home value in North Bay Village, FL is $448,000, which is 83% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in North Bay Village?
The median monthly rent in North Bay Village, FL is $2,115, which is 82% above the national average of $1,163/month.
What is the unemployment rate in North Bay Village?
The unemployment rate in North Bay Village, FL is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is North Bay Village, FL a good place to live?
North Bay Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,004 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is North Bay Village, FL?
51.0% of residents in North Bay Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in North Bay Village?
Key cost-of-living indicators for North Bay Village, FL: median home value is $448,000 (83% above national), median rent is $2,115/month, and median household income is $80,761. The home-value-to-income ratio is 5.5x, a moderate figure by national standards.
What is the poverty rate in North Bay Village?
The poverty rate in North Bay Village, FL is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is North Bay Village, FL?
North Bay Village's population is 0.6% White, 0.0% Hispanic or Latino, 4.0% Black or African American, 37.5% Asian, and 4.7% two or more races. 56.8% of residents are foreign-born.