menu

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 2,981 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 89.50% of the workforce employed in white-collar jobs, well above the national average. Overall, Bal Harbour is a village of managers, professionals, and sales and office workers. There are especially a lot of people living in Bal Harbour who work in management occupations (20.10%), healthcare (13.07%), and office and administrative support (12.82%).

Also of interest is that Bal Harbour has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Bal Harbour telecommute to their jobs. Overall, about 19.69% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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 an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the village experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller village.

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 34.92 minutes every day commuting to work.

As is often the case in a small village, Bal Harbour doesn't have a public transportation system that people use for their commute.

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 64.74% 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 2018 was $101,899, which is wealthy relative to Florida and the nation. This equates to an annual income of $407,596 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 32.78% of the village’s residents. Important ancestries of people in Bal Harbour include European, Russian, Polish, Irish, and Hungarian.

In addition, Bal Harbour has a lot of people living here who were born outside of the US (42.97%).

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

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

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 64.1%, which is higher than 99.5% 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. 90.8% 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 98.3% of all neighborhoods in America.

Diversity

Did you know that the neighborhood has more Russian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.7% of this neighborhood's residents have Russian ancestry and 14.4% have South American ancestry.

is also pretty special linguistically. Significantly, 3.1% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the neighborhood has a greater percentage of residents born in another country (43.0%) than are found in 95.3% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Bal Harbour are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.4% of the neighborhoods in America. With 49.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 57.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 16.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.2%), and 10.5% 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 44.5% 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 (14.4%). There are also a number of people of Russian ancestry (8.7%), and residents who report Cuban roots (6.8%), and some of the residents are also of Polish ancestry (5.8%), along with some Irish ancestry residents (3.7%), among others. In addition, 43.0% 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 30 and 45 minutes commuting one-way to work (32.1% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (59.1%) 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 (15.9%) and 5.3% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
School District Enrollment
Educational Expenditures

comparable neighborhoods nearby