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 131, 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 104.
The standard of living in North Bay Village ranks as #397 most affordable out of the 462 places we measured in Florida. By definition, that implies North Bay Village ranks as the #65 most expensive place in the Sunshine State.
For more reading on life in North Bay Village, check out:
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 fares on each of the criteria:
The Services index in North Bay Village is 99.
The Groceries index in North Bay Village is 102.
The Health index in North Bay Village is 184.
The Housing index in North Bay Village is 107.
The Transportation index in North Bay Village is 115.
The Utilities index in North Bay Village is 113.
| Living Expense | North Bay Village | Florida | National Average |
|---|---|---|---|
| Overall | 131 | 104 | 100 |
| Services | 99 | 101 | 100 |
| Groceries | 102 | 105 | 100 |
| Health | 184 | 99 | 100 |
| Housing | 107 | 104 | 100 |
| Transportation | 115 | 109 | 100 |
| Utilities | 113 | 105 | 100 |
North Bay Village Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in North Bay Village Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in North Bay Village is $388,328.
The Median Rent in North Bay Village is $2,157.
The Median Income in North Bay Village is $84,405.
The Home Value To Income in North Bay Village is 4.6x.
The Rent To Monthly Income in North Bay Village is 0.31x.
| Statistic | North Bay Village | Florida | United States |
|---|---|---|---|
| Median Home Value | $388,328 | $375,661 | $332,700 |
| Median Rent | $2,157 | $1,669 | $1,413 |
| Median Income | $84,405 | $74,568 | $80,734 |
| Home Value To Income | 4.6x | 5.0x | 4.1x |
| Rent To Monthly Income | 0.31x | 0.27x | 0.21x |
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 |
