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Bonifay, Florida Demographics & Population 2026

During the 2020–2024 ACS period, Bonifay, Florida had a total population of 2,797, the 619th largest city in Florida, with a median household income of $40,896, which is 45% lower than the state average. The poverty rate is 22.1%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Bonifay Quick Facts

Population 2,797
Median Household Income $40,896
Median Home Value $142,100
Poverty Rate 22.1%
Unemployment Rate 4.4%
Median Age 41.9 years
Homeownership Rate 54.4%
Affordability Ratio 3.5x
Bachelor's Degree or Higher 13.2%
High School Graduation Rate 89.4%
Diversity Index 46/100
Population 2,797 619th of 955
Median Income $40,896 bottom 10%
Poverty Rate 22.1% 78% higher than national
Median Home Value $142,100 bottom 10%

How Bonifay Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,7822,797+0.5%
Median household income$39,630$40,896+3.2%
Median home value$116,000$142,100+22.5%

How Bonifay Compares

Economy & Housing

Household Income Distribution

Under $25K 37.4%
$25K-$50K 25.7%
$50K-$100K 27.7%
$100K+ 9.2%
Detailed income brackets
Under $10K
11.6%
$10K-$15K
10.5%
$15K-$20K
12.2%
$20K-$25K
3.1%
$25K-$30K
5.0%
$30K-$35K
4.3%
$35K-$40K
1.7%
$40K-$45K
8.3%
$45K-$50K
6.5%
$50K-$60K
8.8%
$60K-$75K
11.1%
$75K-$100K
7.7%
$100K-$125K
2.0%
$125K-$150K
5.0%
$150K-$200K
1.6%
$200K+
0.6%

Employment

4.4% Unemployment Rate State: 4.8%|National: 5.2%
40.6% Labor Force Participation

Housing Overview

Owner 54.4%
Renter 45.6%
Affordability Index Affordable
3.5x home value to income ratio
Median gross rent $868/mo 25.5% of median household income annually

People & Demographics

Diversity Index

46out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 65 | National average: 61

Education

Bonifay Rankings in Florida

#619 Population of 955
#860 Median Income of 911
#791 Education of 955
#829 Home Value of 901

Other Cities in Holmes County

CityPopulationMedian IncomePovertyHome Value
Ponce de Leon 780 $77,798 11.9% $123,800
Esto 375 $45,313 25.1% $87,500
Westville 253 $73,750 12.1% $102,200
Noma 237 $45,972 21.5% $48,800

Cities Similar to Bonifay

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Watertown3,068$41,466$114,1008.3%42.4%
Cleveland2,683$47,157$177,80028.6%9.5%
Monticello2,659$46,343$211,00024.3%23.3%
Dade City North2,803$32,277$185,9002.5%41.4%
Graceville2,483$41,641$120,60021.8%21.8%

Population Overview

Bonifay is a small community located in Florida, within Holmes County. The total population is 2,797. It ranks as the 619th most populous out of 955 Census-designated places in Florida.

Age Demographics

The median age in Bonifay is 41.9 years. This is 2% lower than the state median of 42.6 years. 15.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Bonifay is $40,896. This is 45% lower than the state median of $74,568. It is also 49% lower than the national median of $80,734. The poverty rate stands at 22.1%. This is 76% higher than the state poverty rate of 12.6%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 4.4%. This is 9% lower than the state rate of 4.8%. The median home value is $142,100. Housing costs are 60% lower than the state median of $359,000. The home-value-to-income ratio is 3.5x. 54.4% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 67.6%.

Race & Ethnicity

The largest racial or ethnic group in Bonifay is White (non-Hispanic), making up 71.8% of the population. Black or African American residents account for 12.1%. The Hispanic or Latino population (2.7%) is well below the state average of 27.4%. The Asian population (0.5%) is well below the state average of 2.9%.

Education

13.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.4%.

Data Sources & Methodology

All demographic data for Bonifay, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Bonifay, Florida?

Bonifay, Florida has a population of 2,797 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Bonifay, FL?

The median household income in Bonifay is $40,896, which is 49% lower than the national median of $80,734.

What is the poverty rate in Bonifay, FL?

The poverty rate in Bonifay is 22.1%. This means approximately 565 residents live below the federal poverty line.

What is the racial makeup of Bonifay, Florida?

Bonifay's population is 71.8% White, 12.1% Black, 2.7% Hispanic/Latino, and 0.5% Asian.

What is the median home value in Bonifay, FL?

The median home value in Bonifay is $142,100. The home-value-to-income ratio is 3.5x.

How educated is Bonifay, Florida?

13.2% of adults (25+) in Bonifay hold a bachelor's degree or higher, and 4.9% hold a graduate or professional degree.