salaryRent is higher than in 83% of U.S. cities. A typical house costs about 5.1 years of household income. Commutes are long, about 34.4 minutes each way. Most households rent (58%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $96,680 a year. That is $46 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 376 of 479 cities from cheapest to most expensive.
How much do households earn in North Bay Village?
Share of households by yearly income. 25.8% of households earn $100,000 or more.
Rent by apartment size in North Bay Village
| Size | North Bay Village | U.S. average |
|---|---|---|
| Studio | $1,751 | $1,338 |
| 1 bedroom | $2,094 | $1,324 |
| 2 bedrooms | $2,484 | $1,509 |
| 3 bedrooms | $3,633 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is North Bay Village overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for North Bay Village, so the Florida figure is shown.
Taxes and bills in North Bay Village
Life in North Bay Village
Is it cheaper to rent or buy in North Bay Village?
Renting is cheaper right now: about $804 a month less.
Owning assumes a typical $464,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,420 for the down payment.
Frequently asked questions
What is the average rent in North Bay Village, FL?
Renting in North Bay Village costs a median of about $2,417 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in North Bay Village?
To keep rent under 30% of income, you need about $96,680 a year, or $46 an hour at a full-time job.
Is North Bay Village cheap or expensive?
North Bay Village is rated Expensive: rent takes 31.9% of the typical household income of $91,031. It ranks 376th cheapest of 479 Florida cities we track.
How much are property taxes in North Bay Village?
The median homeowner in North Bay Village pays $5,361 a year in property taxes, about 1.15% of the median home value.
Is North Bay Village more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in North Bay Village?
The median home value in North Bay Village is $464,200, about 5.1 times the typical yearly household income.
8,118 people live in North Bay Village. Numbers are typical (middle) values.