diff --git a/packages/nuxt/src/core/nuxt.ts b/packages/nuxt/src/core/nuxt.ts
index 259a6f20ce..9f557528b7 100644
--- a/packages/nuxt/src/core/nuxt.ts
+++ b/packages/nuxt/src/core/nuxt.ts
@@ -13,7 +13,7 @@ import fse from 'fs-extra'
 import { withTrailingSlash, withoutLeadingSlash } from 'ufo'
 
 import defu from 'defu'
-import { gt } from 'semver'
+import { gt, satisfies } from 'semver'
 import pagesModule from '../pages/module'
 import metaModule from '../head/module'
 import componentsModule from '../components/module'
@@ -559,6 +559,12 @@ async function initNuxt (nuxt: Nuxt) {
     addPlugin(resolve(nuxt.options.appDir, 'plugins/payload.client'))
   }
 
+  // Show compatibility version banner when Nuxt is running with a compatibility version
+  // that is different from the current major version
+  if (!(satisfies(nuxt._version, nuxt.options.future.compatibilityVersion + '.x'))) {
+    console.info(`Running with compatibility version \`${nuxt.options.future.compatibilityVersion}\``)
+  }
+
   await nuxt.callHook('ready', nuxt)
 }