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Living In Bal Harbour, FL
Bal Harbour, Florida is a small town with slightly more than 2,000 residents. Retirees make up a greater percentage of the population (29%) here than nationally (14%), while young adults figure less prominently in the demographics. With an average age of just over 46, the town's population is older than most cities in Florida. Renters tend to be in the minority in the town, and 62% of residents own their homes. Relatively high rent costs could play a role, as the average rent of $1,769 per month is substantially higher than the state average of $1,153.
Eight percent of the population in Bal Harbour works in retail, making it the most common industry. Meanwhile, in terms of job function, many workers in these industries are in management, which ranks as the top field in the town. Bal Harbour workers earn an average annual income of about $92K, about $25,000 more than the Florida average. Bal Harbour's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Bal Harbour has a large percentage of residents over the age of 25 who have advanced degrees, as 16% possess a Master's degree or a Doctoral degree. Additionally, 25% have a Bachelor's degree, which also outpaces the national average.
Bal Harbour residents have an average commute of about 26 minutes, faster than the Florida average of about 29 minutes. Driving a vehicle is the most common way to get to work, chosen by 27% of commuters, while public transportation isn't used widely. A small percentage of commuters (5%) walk to work, though the number easily surpasses the national average.
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