Bal Harbour 76 Exceptional
Bal Harbour Livability #202 ranked city in Florida#2,905 ranked city in the USARanks better than 90% of areas

Pros and Cons of Living in Bal Harbour

  • Commute

    High commute scores indicates that public transit should be easily accessible in this area and the average commute time to work is less than average.

  • Crime

    With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.

  • Employment

    The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.

  • Health & Safety

    A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.

  • Ratings

    Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.

  • Amenities

    A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.

  • Cost Of Living

    Based on the most recent cost of living data, this area is more expensive to live in. You can expect to pay more for everyday goods and services, housing, groceries and utilities.

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What's it like Living in Bal Harbour?

Bal Harbour, Florida is a small-sized city with a population of 2,980 inhabitants. Bal Harbour has a population density of 7,773 people per square mile. This would be considered well above the national population density level. If we look at the most recent Census, Bal Harbour is known to have a predominantly White population. The next two most common races are Black and Asian. Additionally, more than a quarter of the population of Bal Harbour are of Hispanic or Latino origin, and 36% of the population also speak Spanish. The Bal Harbour population appears to be aging at a faster rate than normal. The median age is currently 54, which is on the high side when compared to most other cities. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Bal Harbour offers up a higher than average one way commute time of 30 minutes.

If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Bal Harbour, Florida. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Bal Harbour and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, commute, education, housing and other important metrics.

The livability score in Bal Harbour is 74 out of 100 and the city is ranked in the 86th percentile of all cities across America. If we dig a little deeper into each category within the livability score, we see that Bal Harbour has higher than average scores for the following: crime (A-), employment (A-) and housing (B). Bal Harbour does not fare well for the following: amenities (F) and cost of living (F). It might be a smart idea to take a closer look at each category to find out why.

When contemplating a move, job prospects often top the list of priorities. In Bal Harbour, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.57% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.

Finding affordable real estate and housing in Bal Harbour can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Bal Harbour. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Bal Harbour are affordable. The median home price for Bal Harbour homes is $1,316,400, which is 689.2% higher than the Florida average. If we take a closer look at the affordability of homes in Bal Harbour, we’ll see that the home price to income ratio is 17.1, which is 402.9% higher than the Florida average.

Best Places to Live in and Around Bal Harbour

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      Bal Harbour transportation information

      Statistic Bal Harbour Florida National
      Average one way commute30min27min26min
      Workers who drive to work66.2%79.5%76.4%
      Workers who carpool5.4%9.3%9.3%
      Workers who take public transit0.0%2.1%5.1%
      Workers who bicycle0.0%0.7%0.6%
      Workers who walk9.5%1.5%2.8%
      Working from home17.9%5.4%4.6%
      Source: The Bal Harbour, FL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).