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Bal Harbour, FL

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.



Overview

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.

Occupations and Workforce

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%).

Telecommuters are a relatively large percentage of the workforce: 21.29% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.

Setting & Lifestyle

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.

One of the nice things about Bal Harbour is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

One downside of living in Bal Harbour is that it can take a long time to commute to work. In Bal Harbour, the average commute to work is 36.05 minutes, which is quite a bit higher than the national average.

Demographics

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.

In addition, Bal Harbour has a lot of people living here who were born outside of the US (40.59%).

The most common language spoken in Bal Harbour is English. Other important languages spoken here include Spanish and French.

Notable & Unique Neighborhood Characteristics

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.

Real Estate

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, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 60.7%, which is higher than 99.4% of all U.S. neighborhoods.

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.

Diversity

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.

The Neighbors

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.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

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.

Languages

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.

Ethnicity / Ancestry

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.

Getting to Work

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.

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Economics & Demographics include:
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Migration & Mobility
Race & Ethnic Diversity
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Crime includes:
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Schools include:
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