Bal Harbour village, Florida Demographics & Population 2026

Population Overview

Bal Harbour village is a small community located in Florida. The total population is 3,021. It ranks as the 598th most populous out of 953 cities and towns in Florida.

Age Demographics

The median age in Bal Harbour village is 49.9 years. This is 17% higher than the state median of 42.6 years. 16.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Bal Harbour village is $91,061. This is 27% higher than the state median of $71,711. Compared to the national median of $78,538, household income here is 16% higher. The poverty rate stands at 18.0%. This is 43% higher than the state poverty rate of 12.6%. The unemployment rate is 8.7%. This is 81% higher than the state rate of 4.8%. The median home value is $1,277,200. Housing costs are 293% higher than the state median of $325,000. The home-value-to-income ratio of 14.0x suggests that housing affordability is a significant concern for many residents. 65.8% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 67.3%.

Race & Ethnicity

The largest racial or ethnic group in Bal Harbour village is White (non-Hispanic), making up 67.6% of the population. Hispanic or Latino residents account for 28.9%. The Black or African American population (0.1%) is well below the state average of 14.8%.

Education

67.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Bal Harbour village in the top 10% of all cities in the state for educational attainment. This is 102% higher than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.1%. Notably, 34.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Bal Harbour village, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.