Living in Bay Harbor Islands, Florida
Cost of living, income, home prices, rent and demographics of Bay Harbor Islands · Census data 2020–2024
Bay Harbor Islands has 5,847 residents with a median age of 35.9. The median household income is $89,663 (20% higher than the Florida median), the median home value is $653,500, the median rent is $2,442/month.
Bay Harbor Islands at a glance
- Population
- 5,847
- Median age
- 35.9State: 42.6
- Median household income
- $89,663State: $74,568
- Median home value
- $653,500State: $359,000
- Median rent
- $2,442/moState: $1,669
- Homeowners
- 48.9%
- Bachelor's degree or higher
- 56.5%
- Average commute
- 31 min
Is Bay Harbor Islands a good place to live?
Pros: Median household income 20% higher than the Florida median; unemployment of 3.2%; a poverty rate of 5.4%.
Cons: Home values 82% higher than the state median; an average commute of 31 minutes.
The weather is best in February–March and November–December.
Cost of living in Bay Harbor Islands
Housing is the biggest part of the cost of living. In Bay Harbor Islands the median home value is $653,500, 96% higher than the U.S. median. Renters pay a median of $2,442 per month, which is 42.7% of household income. Homeowners with a mortgage pay $3,807 a month in housing costs.
Bay Harbor Islands median household income
The median household income in Bay Harbor Islands is $89,663 and the income per person is $55,191. 5.4% of residents live below the poverty line (Florida: 12.6%).
Housing in Bay Harbor Islands: homes for sale and rent
- Housing units
- 2,581
- Owner-occupied
- 48.9%
- Renter-occupied
- 51.1%
- Vacant
- 19.5%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.82
Bay Harbor Islands demographics
- Population
- 5,847
- Median age
- 35.9
- Under 18
- 31.1%
- 65 and older
- 15.6%
- Households
- 2,077
- Foreign-born
- 51.4%
- Veterans
- 1.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Bay Harbor Islands ›
Education in Bay Harbor Islands
56.5% of adults 25 and older in Bay Harbor Islands have a bachelor's degree or higher (Florida: 34.1%), and 27.5% have a graduate or professional degree.
Jobs and commute in Bay Harbor Islands
- Unemployment rate
- 3.2%State: 4.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 30.5%
- Drive alone
- 53.8%
- Public transit
- 1.9%
- Walk to work
- 3.2%
- Homes with broadband
- 93.3%
Bay Harbor Islands vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bay Harbor Islands | 5,847 | $89,663 | $653,500 | $2,442 |
| Bal Harbour | 3,055 | $80,806 | $1,823,500 | $2,804 |
| Surfside | 5,631 | $100,208 | $881,700 | $1,866 |
| North Miami | 60,344 | $57,188 | $365,000 | $1,702 |
| North Bay Village | 8,118 | $84,405 | $464,200 | $2,157 |
| Biscayne Park | 3,085 | $77,083 | $674,300 | $1,529 |
| Miami Shores | 11,752 | $144,050 | $864,400 | $2,657 |
| North Miami Beach | 43,898 | $63,280 | $366,700 | $1,750 |
| Sunny Isles Beach | 22,437 | $61,921 | $549,100 | $2,096 |
More for people moving to Bay Harbor Islands
Bay Harbor Islands ZIP code ›Weather and climate ›Living in Bay Harbor Islands: FAQ
What is the median household income in Bay Harbor Islands, FL?
The median household income in Bay Harbor Islands is $89,663, 20% 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 Bay Harbor Islands?
The median home value in Bay Harbor Islands is $653,500, compared with $359,000 in Florida.
How much is rent in Bay Harbor Islands?
The median gross rent in Bay Harbor Islands is $2,442 per month, about 42.7% of household income.
Is Bay Harbor Islands, FL a good place to live?
Pluses: median household income 20% higher than the Florida median; unemployment of 3.2%; a poverty rate of 5.4%. Minuses: home values 82% higher than the state median; an average commute of 31 minutes.
What is the median age in Bay Harbor Islands?
The median age in Bay Harbor Islands is 35.9 years (Florida: 42.6).
How long is the commute in Bay Harbor Islands?
The average commute to work in Bay Harbor Islands is 31 minutes; 30.5% of workers work from home.
What is the unemployment rate in Bay Harbor Islands?
The unemployment rate in Bay Harbor Islands is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bay Harbor Islands?
56.5% of adults in Bay Harbor Islands 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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