Bal Harbour, FL
Population 3,021 · Florida
About Bal Harbour, FL
Bal Harbour is a small town located in Florida with a population of 3,021 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,061 per year, which is 21% above the national median of $75,149. The median age of 49.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Bal Harbour features a median home value of $1,277,200, which is 422% above the national median of $244,900. This places Bal Harbour in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,734, 135% above the national average of $1,163/month. Of the 3,629 total housing units, 66% are owner-occupied (881 units) and 34% are renter-occupied (458 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Bal Harbour shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in Bal Harbour have an average one-way commute time of 34.3 minutes.
Education & Demographics
67.1% of Bal Harbour residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 1.0% Hispanic or Latino, 1.3% Black or African American, and 18.2% Asian residents, with 43.9% of the population being foreign-born.
How Bal Harbour Ranks in Florida
Cost of Living in Bal Harbour, FL
Compared to national averages, Bal Harbour has a median household income of $91,061 (21% above the national median of $75,149). Home values average $1,277,200, which is 422% above the national median. Monthly rent at $2,734 is 135% above the US average of $1,163. Within Florida, Bal Harbour's income is 20% above the state average of $75,893, and home values are 261% above the state median of $353,675.
Why Live in Bal Harbour, FL?
Bal Harbour offers a strong local economy with a median household income of $91,061, well above the national average, and a well-educated community where 67.1% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $1,277,200. However, Bal Harbour’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bal Harbour has a population of 3,021 with a median age of 49.9 years. Compare Bal Harbour with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Bal Harbour
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harbor Bluffs | 3,020 | $129,569 | $553,800 | Compare |
| Malabar | 3,017 | $123,345 | $441,700 | Compare |
| Indialantic | 3,033 | $90,991 | $568,100 | Compare |
| Windermere | 3,034 | $156,042 | $906,600 | Compare |
| North Sarasota | 3,041 | $73,099 | $223,900 | Compare |
| Holmes Beach | 3,042 | $99,063 | $667,800 | Compare |
| Dade City North | 3,049 | $50,443 | $178,500 | Compare |
| Hilliard | 2,993 | $59,949 | $216,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bal Harbour With Other Cities
Frequently Asked Questions about Bal Harbour
What is the population of Bal Harbour, FL?
The population of Bal Harbour, FL is 3,021 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Bal Harbour?
The median household income in Bal Harbour, FL is $91,061 per year, which is 21% above the national median of $75,149.
What is the median home value in Bal Harbour?
The median home value in Bal Harbour, FL is $1,277,200, which is 422% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bal Harbour?
The median monthly rent in Bal Harbour, FL is $2,734, which is 135% above the national average of $1,163/month.
What is the unemployment rate in Bal Harbour?
The unemployment rate in Bal Harbour, FL is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bal Harbour, FL a good place to live?
Bal Harbour offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,021 and a median age of 49.9, the city appeals to established professionals and retirees.
How educated is Bal Harbour, FL?
67.1% of residents in Bal Harbour aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Bal Harbour?
Key cost-of-living indicators for Bal Harbour, FL: median home value is $1,277,200 (422% above national), median rent is $2,734/month, and median household income is $91,061. The home-value-to-income ratio is 14.0x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Bal Harbour?
The poverty rate in Bal Harbour, FL is 18.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bal Harbour, FL?
Bal Harbour's population is 1.0% White, 1.0% Hispanic or Latino, 1.3% Black or African American, 18.2% Asian, and 0.1% two or more races. 43.9% of residents are foreign-born.