Cost of Living in North Bay Village, FL
Population 8,004 · Florida · Data vintage 2023
(100 = US avg)
North Bay Village sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
North Bay Village sits roughly 6 miles northeast of Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Miami's $475,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Bay Village
The median home value in North Bay Village is $448,000 — 47% above the national median of $305,000. Median rent runs $2,115/month, 61% higher than the national median of $1,314/month. The median household income of $80,761/year is 8% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, North Bay Village has a cost of living index of 153 versus the US average of 100, meaning it is 53% more expensive.
North Bay Village has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in North Bay Village, FL?
North Bay Village has a cost index of 153 (100 = national average). It is 53% above the national average.
What is average rent in North Bay Village, FL?
The median gross rent in North Bay Village is $2,115 per month based on 2023 Census data.
What is the average home price in North Bay Village?
The median home value in North Bay Village is $448,000 according to Zillow and Census data.
What is the median income in North Bay Village?
The median household income in North Bay Village is $80,761 per year (2023 ACS 5-year estimates).
What is the sales tax in North Bay Village, FL?
The combined state and local sales tax rate in North Bay Village is 7.0%. Florida has no state income tax.
Is North Bay Village, FL affordable?
North Bay Village is above average in cost of living, with an index of 153 — about 53% higher than the national average.
North Bay Village at a Glance
- Population
- 8,004
- Median Income
- $80,761
- Home Value
- $448,000
- Median Rent
- $2,115/mo
- Unemployment
- 3.8%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs