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.
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.
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 34.92 minutes every day commuting to work.
Being a small village, Bal Harbour does not have a public transit system used by locals to get to and from 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 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 2022 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.
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.
is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. 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.
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.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the neighborhood. 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.
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 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.
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.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
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.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. 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.