North Bay Village, FL Profile: Facts & Data

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North Bay Village, Florida - Basic Facts

The City of North Bay Village had a population of 8,342 as of July 1, 2024. North Bay Village ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for North Bay Village is located at latitude 25.8462 and longitude -80.1539 in Miami-Dade County. The formal boundaries for the City of North Bay Village encompass a land area of 0.37 sq. miles and a water area of 0.45 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5).

The City of North Bay Village has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of North Bay Village is located within Miami Beach CCD of Miami-Dade County.


Jump to... (On This Page!)
  1. North Bay Village 2024 Demographic Data
  2. Growth Rates for North Bay Village (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2024 Demographics
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North Bay Village, FL Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 8,342 (100%)
Population in Households 8,188 (98.2%)
Population in Families 5,373 (64.4%)
Population in Group Quarters1 154 ( 1.8%)
Population Density 22,564
Diversity Index2 83
 
 

INCOME

Median Household Income $84,679
Average Household Income $110,280
% of Income for Mortgage4 44%
Per Capita Income $52,474
Wealth Index5 75
Socioeconomic Status Index6 Moderate (52.5)
 

HOUSING

Total HU (Housing Units) 4,650 (100%)
Owner Occupied HU 1,559 (33.5%)
Renter Occupied HU 2,407 (51.8%)
Vacant Housing Units 684 (14.7%)
Median Home Value $592,239
Average Home Value $773,717
Housing Affordability Index3 56
 

HOUSEHOLDS

Total Households 3,966
Average Household Size 2.06
Family Households 2,005
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2024 2024-2029
Population 0.52% -0.08%
Households 0.48% 0.35%
Families   0.61%
Median Household Income   2.98%
Per Capita Income   3.94%
Owner Occupied HU   1.72%

North Bay Village, FL - Peer Comparisons by Rank and Percentile

The table below compares North Bay Village to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 377 61st
Population Density # 2 100th
Median Household Income # 299 69th
Housing Affordability Index # 152 16th
Per Capita Income # 239 75th
Diversity Index # 105 89th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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