Sveti Jakov is located in the City of Mali Lošinj, in Primorje-Gorski Kotar County at an elevation of 46 meters above sea level and it covers the area of 11.31 km² (4.37 sq. miles). According to the 2011 census report, there were 77 inhabitants. It is largely populated by Croats (89%), but also Serbs (5%). Nearby places: Nerezine, Ćunski, Osor, Punta Križa, Vele Srakane, Male Srakane, Unije, Ustrine, Mali Lošinj and Belej.