Bal Harbour is a very small coastal village (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 3,099 people and just one neighborhood, Bal Harbour is the 333rd largest community in Florida.
Bal Harbour home prices are not only among the most expensive in Florida, but Bal Harbour real estate also consistently ranks among the most expensive in America.
Bal Harbour is a decidedly white-collar village, with fully 87.29% of the workforce employed in white-collar jobs, well above the national average. Overall, Bal Harbour is a village of managers, professionals, and service providers. There are especially a lot of people living in Bal Harbour who work in management occupations (24.51%), healthcare (11.30%), and office and administrative support (8.17%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 21.29% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Bal Harbour is a major vacation destination. Much of the village’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Bal Harbour’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Bal Harbour is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One downside of living in Bal Harbour, however, is that residents on average have to contend with a long commute, spending on average 36.05 minutes every day commuting to work.
Do you like to read, write and learn? If you move to Bal Harbour, you'll likely find that many of your neighbors like to as well. Bal Harbour is one of the more educated communities in America, with a full 61.43% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Bal Harbour in 2022 was $122,726, which is wealthy relative to Florida and the nation. This equates to an annual income of $490,904 for a family of four. However, Bal Harbour contains both very wealthy and poor people as well.
Bal Harbour is an extremely ethnically-diverse village. The people who call Bal Harbour home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bal Harbour residents report their race to be White, followed by Black or African-American. Bal Harbour also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 30.90% of the village’s residents. Important ancestries of people in Bal Harbour include European, Russian, Polish, German, and Irish.
Foreign born people are also an important part of Bal Harbour's cultural character, accounting for 40.59% of the village’s population.
The most common language spoken in Bal Harbour is English. Other important languages spoken here include Spanish and French.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bal Harbour, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 60.7% of the residential real estate vacant, the neighborhood claims the distinction of having a higher vacancy rate than 99.4% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
Furthermore, one of the really unique and interesting things about the look and setting of the neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 93.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.8% of all neighborhoods in America.
Did you know that the neighborhood has more Canadian and Cuban ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.1% of this neighborhood's residents have Canadian ancestry and 11.1% have Cuban ancestry.
is also pretty special linguistically. Significantly, 7.8% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Bal Harbour are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 53.9% of the neighborhoods in America. With 38.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.5% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 53.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.9%), and 12.7% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 50.8% of households. Other important languages spoken here include Spanish, French and Portuguese.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the neighborhood in Bal Harbour, FL, residents most commonly identify their ethnicity or ancestry as South American (13.9%). There are also a number of people of Cuban ancestry (11.1%), and residents who report Russian roots (5.7%), and some of the residents are also of Polish ancestry (4.8%), along with some Arab ancestry residents (3.9%), among others. In addition, 40.6% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 45 minutes and one hour commuting one-way to work (36.2% of working residents), longer and tougher than most commutes in America.
Here most residents (63.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.