The village is renowned as a centre for the poultry industry with many large poultry farms and associated industries located around the area. Moonbi has erected a large fibreglass chicken in recognition of the poultry industry centered here. The surrounding area has many small 'lifestyle' blocks that are often used to run horses. In 2006 the village population was 357 with 894 people recorded in the outer area.
In August 2007 Moonbi became the centre of attention in the wake of the quarantined horses and lockdown at Moonbi Recreation Ground as a result of the equine influenza outbreak. This followed the running of dressage competitions here during the outbreak of EI. The situation was made difficult as no accommodation was available here for the horse owners.
The village has a public school, Recreation Ground, general store, nursing home, produce retailer, roadhouse, service station and a rubber belting supplies and engineering company.
Travelling north along the New England Highway, on the first Moonbi Hill, is the Moonbi Lookout perched on a huge granite outcrop with some beautiful views of Moonbi and the Cockburn Valley.