According to the most recent data on the cost of living, North Bay Village has an overall cost of living index of 116 which is 1.2x higher than the national index of 100.
Compared to only Florida, North Bay Village has a cost of living index that's 1.2x higher than Florida's index of 98.
The standard of living in North Bay Village ranks as #4,560 most affordable out of the 6,418 places we measured in Florida. By definition, that implies North Bay Village ranks as the #1,858 most expensive place in the Sunshine State.
Living Expense | North Bay Village | Florida | National Average | |
---|---|---|---|---|
Overall | 116 | 98 | 100 | |
Services | 104 | 99 | 100 | |
Groceries | 120 | 107 | 100 | |
Health | 105 | 98 | 100 | |
Housing | 145 | 96 | 100 | |
Transportation | 106 | 102 | 100 | |
Utilities | 100 | 106 | 100 |
Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | North Bay Village | Florida | United States |
---|---|---|---|
Median Home Value | $325,000 | $232,000 | $229,800 |
Median Rent | $1,794 | $1,218 | $1,096 |
Median Income | $69,239 | $57,703 | $64,994 |
Home Value To Income | 4.7x | 4.0x | 3.5x |
Rent To Monthly Income | 0.31x | 0.25x | 0.2x |
Item | North Bay Village | Florida |
---|---|---|
Shampoo | $1.11 | $1.06 |
Movie | $13.23 | $10.68 |
Bowling | $22.13 | $14.67 |
Item | North Bay Village | Florida |
---|---|---|
Ground Beef | $4.27 | $4.22 |
Fried Chicken | $1.73 | $1.39 |
Milk | $3.16 | $2.05 |
Item | North Bay Village | Florida |
---|---|---|
Haircut | $14.37 | $18.62 |
Beauty Salon | $70.0 | $39.05 |
Toothpaste | $1.87 | $2.34 |
Item | North Bay Village | Florida |
---|---|---|
Potatoes | $3.86 | $3.29 |
Pizza | $9.1 | $10.62 |
Beer | $10.98 | $9.38 |
Optometrist | $105.63 | $108.57 |
Doctor | $111.06 | $116.17 |
Dentist | $107.78 | $99.13 |
Item | North Bay Village | Florida |
---|---|---|
Gasoline | $2.24 | $2.22 |
Tire Balancing | $60.69 | $50.07 |
All Electricity | $162.18 | $167.67 |
Phone | $188.17 | $175.64 |