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Bal Harbour, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,055
Population
$80,806
Median Income
$1,823,500
Home Value
53.8
Median Age

Demographics

Bal Harbour has a population of 3,055 with a median age of 53.8. Here is the racial and ethnic breakdown of the population:

White
73.6%
Hispanic
30.9%
Demographic Value
Total Population3,055
Median Age53.8
White73.6%
Black or African American0.2%
Hispanic or Latino30.9%
Bal Harbour, Florida — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 105.White: 70.3%Hispanic/Latino: 29.5%Other: 0.2%3,055PopulationWhiteWhite70.3%Hispanic/LatinoHispanic/Latino29.5%OtherOther0.2%

Income & Economy

The median household income in Bal Harbour is $80,806, which is 0.2% above the national median of $80,610. The per capita income is $122,726. The poverty rate is 20.1%.

$80,806
Median Household Income
$122,726
Per Capita Income
20.1%
Poverty Rate

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Education

In Bal Harbour, 98.5% of residents age 25+ have a high school diploma or higher, and 61.4% hold a bachelor's degree or higher (32.3% with a graduate or professional degree).

HS Diploma+
98.5%
Bachelor's+
61.4%
Graduate+
32.3%
Education Level % of Adults (25+)
High School Diploma or Higher98.5%
Bachelor's Degree or Higher61.4%
Graduate or Professional Degree32.3%

Housing

The median home value in Bal Harbour is $1,823,500, above the national median of $303,400. The median monthly rent is $2,804. The homeownership rate is 57.6%.

$1,823,500
Median Home Value
$2,804/mo
Median Rent
57.6%
Homeownership Rate
Housing Metric Value
Median Home Value$1,823,500
Median Monthly Rent$2,804
Homeownership Rate57.6%
Vacancy Rate60.7%

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Frequently Asked Questions

What is the population of Bal Harbour, Florida?
The population of Bal Harbour, Florida is 3,055 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Bal Harbour, Florida?
The median household income in Bal Harbour, Florida is $80,806. This is 0.2% above the national median of $80,610.
What is the median home value in Bal Harbour, Florida?
The median home value in Bal Harbour, Florida is $1,823,500. The median monthly rent is $2,804.
What percentage of people in Bal Harbour have a college degree?
In Bal Harbour, Florida, 61.4% of adults age 25 and older hold a bachelor's degree or higher, and 98.5% have a high school diploma or higher.
Is Bal Harbour, Florida an affordable place to live?
The home price-to-income ratio in Bal Harbour, Florida is 22.6x (median home value $1,823,500 vs. median income $80,806), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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