Living in Bal Harbour, Florida
Cost of living, income, home prices, rent and demographics of Bal Harbour · Census data 2020–2024
Bal Harbour has 3,055 residents with a median age of 53.8. The median household income is $80,806 (8% higher than the Florida median), the median home value is $1,823,500, the median rent is $2,804/month.
Bal Harbour at a glance
- Population
- 3,055
- Median age
- 53.8State: 42.6
- Median household income
- $80,806State: $74,568
- Median home value
- $1,823,500State: $359,000
- Median rent
- $2,804/moState: $1,669
- Homeowners
- 57.6%
- Bachelor's degree or higher
- 61.4%
- Average commute
- 36 min
Is Bal Harbour a good place to live?
Pros: Median household income 8% higher than the Florida median.
Cons: Home values 408% higher than the state median; an average commute of 36 minutes; unemployment of 9.4%; a poverty rate of 20.1%.
The weather is best in February–March and November–December.
Cost of living in Bal Harbour
Housing is the biggest part of the cost of living. In Bal Harbour the median home value is $1,823,500, 448% higher than the U.S. median. Renters pay a median of $2,804 per month, which is 41.9% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Bal Harbour median household income
The median household income in Bal Harbour is $80,806 and the income per person is $122,726. 20.1% of residents live below the poverty line (Florida: 12.6%).
Housing in Bal Harbour: homes for sale and rent
- Housing units
- 3,741
- Owner-occupied
- 57.6%
- Renter-occupied
- 42.4%
- Vacant
- 60.7%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.08
60.7% of homes are vacant most of the year, a sign that Bal Harbour has many vacation and second homes.
Bal Harbour demographics
- Population
- 3,055
- Median age
- 53.8
- Under 18
- 18.5%
- 65 and older
- 32.3%
- Households
- 1,471
- Foreign-born
- 40.6%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Bal Harbour ›
Education in Bal Harbour
61.4% of adults 25 and older in Bal Harbour have a bachelor's degree or higher (Florida: 34.1%), and 32.3% have a graduate or professional degree.
Jobs and commute in Bal Harbour
- Unemployment rate
- 9.4%State: 4.8%
- Average commute
- 36 minState: 28 min
- Work from home
- 21.3%
- Drive alone
- 63.3%
- Public transit
- 1.1%
- Walk to work
- 4.4%
- Homes with broadband
- 91.3%
Bal Harbour vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bal Harbour | 3,055 | $80,806 | $1,823,500 | $2,804 |
| Bay Harbor Islands | 5,847 | $89,663 | $653,500 | $2,442 |
| Surfside | 5,631 | $100,208 | $881,700 | $1,866 |
| North Miami | 60,344 | $57,188 | $365,000 | $1,702 |
| Sunny Isles Beach | 22,437 | $61,921 | $549,100 | $2,096 |
| North Bay Village | 8,118 | $84,405 | $464,200 | $2,157 |
| North Miami Beach | 43,898 | $63,280 | $366,700 | $1,750 |
| Biscayne Park | 3,085 | $77,083 | $674,300 | $1,529 |
| Miami Shores | 11,752 | $144,050 | $864,400 | $2,657 |
More for people moving to Bal Harbour
Bal Harbour ZIP code ›Weather and climate ›Living in Bal Harbour: FAQ
What is the median household income in Bal Harbour, FL?
The median household income in Bal Harbour is $80,806, 8% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bal Harbour?
The median home value in Bal Harbour is $1,823,500, compared with $359,000 in Florida.
How much is rent in Bal Harbour?
The median gross rent in Bal Harbour is $2,804 per month, about 41.9% of household income.
Is Bal Harbour, FL a good place to live?
Pluses: median household income 8% higher than the Florida median. Minuses: home values 408% higher than the state median; an average commute of 36 minutes; unemployment of 9.4%; a poverty rate of 20.1%.
What is the median age in Bal Harbour?
The median age in Bal Harbour is 53.8 years (Florida: 42.6).
How long is the commute in Bal Harbour?
The average commute to work in Bal Harbour is 36 minutes; 21.3% of workers work from home.
What is the unemployment rate in Bal Harbour?
The unemployment rate in Bal Harbour is 9.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bal Harbour?
61.4% of adults in Bal Harbour have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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