North Merritt Island, FL
Population 8,903 · Florida
About North Merritt Island, FL
North Merritt Island is a small town located in Florida with a population of 8,903 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,897 per year, which is 52% above the national median of $75,149. The median age of 52.4 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 Merritt Island features a median home value of $495,400, which is 102% above the national median of $244,900. This places North Merritt Island in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,328, 14% above the national average of $1,163/month. Of the 3,838 total housing units, 86% are owner-occupied (2,927 units) and 14% are renter-occupied (468 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in North Merritt Island shows an unemployment rate of 7.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in North Merritt Island have an average one-way commute time of 28.7 minutes.
Education & Demographics
37.0% of North Merritt Island 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 3.3% White, 1.7% Hispanic or Latino, 5.3% Black or African American, and 2.7% Asian residents, with 5.7% of the population being foreign-born.
Cost of Living in North Merritt Island, FL
Compared to national averages, North Merritt Island has a median household income of $113,897 (52% above the national median of $75,149). Home values average $495,400, which is 102% above the national median. Monthly rent at $1,328 is 14% above the US average of $1,163. Within Florida, North Merritt Island's income is 50% above the state average of $75,893, and home values are 40% above the state median of $353,675.
Why Live in North Merritt Island, FL?
North Merritt Island offers a strong local economy with a median household income of $113,897, well above the national average, and a well-educated community where 37.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $495,400. However, North Merritt Island’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
North Merritt Island has a population of 8,903 with a median age of 52.4 years. Compare North Merritt Island with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near North Merritt Island
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. Pete Beach | 8,832 | $108,931 | $639,900 | Compare |
| Indian Harbour Beach | 8,991 | $98,046 | $387,400 | Compare |
| Lake Park | 9,005 | $69,274 | $361,700 | Compare |
| Hernando | 8,795 | $41,564 | $189,200 | Compare |
| Citrus Hills | 9,044 | $84,091 | $392,300 | Compare |
| Micco | 9,053 | $46,809 | $156,400 | Compare |
| Orange Park | 9,062 | $74,564 | $257,400 | Compare |
| Fern Park | 8,593 | $60,828 | $321,400 | 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 North Merritt Island With Other Cities
Frequently Asked Questions about North Merritt Island
What is the population of North Merritt Island, FL?
The population of North Merritt Island, FL is 8,903 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 Merritt Island?
The median household income in North Merritt Island, FL is $113,897 per year, which is 52% above the national median of $75,149.
What is the median home value in North Merritt Island?
The median home value in North Merritt Island, FL is $495,400, which is 102% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in North Merritt Island?
The median monthly rent in North Merritt Island, FL is $1,328, which is 14% above the national average of $1,163/month.
What is the unemployment rate in North Merritt Island?
The unemployment rate in North Merritt Island, FL is 7.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is North Merritt Island, FL a good place to live?
North Merritt Island offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,903 and a median age of 52.4, the city appeals to established professionals and retirees.
How educated is North Merritt Island, FL?
37.0% of residents in North Merritt Island 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 Merritt Island?
Key cost-of-living indicators for North Merritt Island, FL: median home value is $495,400 (102% above national), median rent is $1,328/month, and median household income is $113,897. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in North Merritt Island?
The poverty rate in North Merritt Island, FL is 6.8%, 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 Merritt Island, FL?
North Merritt Island's population is 3.3% White, 1.7% Hispanic or Latino, 5.3% Black or African American, 2.7% Asian, and 0.7% two or more races. 5.7% of residents are foreign-born.