North Bay Village, FL Cost Of Living
Cost Of Living In North Bay Village, FL Summary
Cost of living in North Bay Village research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means North Bay Village is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in North Bay Village is 127, with 100 being the average.
The cost of living index in North Bay Village is 1.3x higher than the national average.
North Bay Village ranks as the #391 cheapest in Florida out of 459.
North Bay Village ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in North Bay Village is $388,243.
The median income in North Bay Village is $80,761.
Table Of Contents
North Bay Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Bay Village, FL?
According to the most recent data on the cost of living, North Bay Village has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Florida, North Bay Village has a cost of living index that's 1.3x higher than Florida's index of 97.
The standard of living in North Bay Village ranks as #391 most affordable out of the 459 places we measured in Florida. By definition, that implies North Bay Village ranks as the #68 most expensive place in the Sunshine State.
For more reading on life in North Bay Village, check out:
In Florida
In America
North Bay Village Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in North Bay Village. Here is how it fairs on each of the criteria:
The Services index in North Bay Village is 104.
The Groceries index in North Bay Village is 106.
The Health index in North Bay Village is 97.
The Housing index in North Bay Village is 181.
The Transportation index in North Bay Village is 101.
The Utilities index in North Bay Village is 105.
| Living Expense | North Bay Village | Florida | National Average | |
|---|---|---|---|---|
| Overall | 127 | 97 | 100 | |
| Services | 104 | 96 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 181 | 96 | 100 | |
| Transportation | 101 | 97 | 100 | |
| Utilities | 105 | 95 | 100 | |
North Bay Village, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in North Bay Village is $388,243.
The Median Rent in North Bay Village is $2,115.
The Median Income in North Bay Village is $80,761.
The Home Value To Income in North Bay Village is 4.8x.
The Rent To Monthly Income in North Bay Village is 0.31x.
| Statistic | North Bay Village | Florida | United States |
|---|---|---|---|
| Median Home Value | $388,243 | $377,066 | $303,400 |
| Median Rent | $2,115 | $1,564 | $1,348 |
| Median Income | $80,761 | $71,711 | $78,538 |
| Home Value To Income | 4.8x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.31x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
North Bay Village, FL Costs By Category
Detailed North Bay Village Services Costs Vs. Florida
| Item | North Bay Village | Florida |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $23.67 | $18 |
| Haircut | $20.53 | $24.26 |
| Beauty Salon | $88.07 | $45.56 |
Detailed North Bay Village Groceries Costs Vs. Florida
| Item | North Bay Village | Florida |
|---|---|---|
| Ground Beef | $6.11 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $14.13 | $12.09 |
| Beer | $11.44 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed North Bay Village Health Costs Vs. Florida
| Item | North Bay Village | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed North Bay Village Transportation Costs Vs. Florida
| Item | North Bay Village | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed North Bay Village Utilities Costs Vs. Florida
| Item | North Bay Village | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
North Bay Village SnackAbility
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