Cost of Living in North Merritt Island, FL
Population 8,903 · Florida · Data vintage 2023
(100 = US avg)
North Merritt Island 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. Unemployment has stayed elevated relative to the national figure — 7.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 35 miles east of Orlando, North Merritt Island falls within that metro's commuting orbit. Median home values run roughly 38% higher than Orlando's $359,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Merritt Island
The median home value in North Merritt Island is $495,400 — 62% above the national median of $305,000. Median rent runs $1,328/month, 1% higher than the national median of $1,314/month. The median household income of $113,897/year is 53% higher than the US median of $74,580. The local unemployment rate is 7.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, North Merritt Island has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.
North Merritt Island 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 Merritt Island, FL?
North Merritt Island has a cost index of 138 (100 = national average). It is 38% above the national average.
What is average rent in North Merritt Island, FL?
The median gross rent in North Merritt Island is $1,328 per month based on 2023 Census data.
What is the average home price in North Merritt Island?
The median home value in North Merritt Island is $495,400 according to 2023 Census ACS data.
What is the median income in North Merritt Island?
The median household income in North Merritt Island is $113,897 per year (2023 ACS 5-year estimates).
What is the sales tax in North Merritt Island, FL?
The combined state and local sales tax rate in North Merritt Island is 7.0%. Florida has no state income tax.
Is North Merritt Island, FL affordable?
North Merritt Island is above average in cost of living, with an index of 138 — about 38% higher than the national average.
North Merritt Island at a Glance
- Population
- 8,903
- Median Income
- $113,897
- Home Value
- $495,400
- Median Rent
- $1,328/mo
- Unemployment
- 7.3%
- 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