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.
Located in the state of Florida, Bal Harbour is a smaller city with a population of 3,062 inhabitants. With a population density of 7,987 people per square mile, Bal Harbour is well above the nation's average density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (87% White). Given that fact, Bal Harbour could be considered less diverse than other cities. 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. Based on an average age of 54, Bal Harbour appears to be well-suited for seniors or retirees as the average age is well above the national average. An important consideration when living in Bal Harbour is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 30 minutes, far surpassing the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a great experience if you are willing to get to know the area 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. The best areas in Bal Harbour and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, health & safety, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Florida and national averages.
The livability score in Bal Harbour is 76/100 and the city is ranked in the 90th percentile of all cities across America. Clearly, Bal Harbour is doing something right, as this score ranks well above the average of most cities. This city is also ranked in the top 10 percentile of all cities across the USA. If we check out each of the categories individually, we see that Bal Harbour ranks well for crime (A+), employment (A) and housing (B). There is at least one category that did not score well in Bal Harbour. The following was graded with a concerning score: amenities (F) and cost of living (F).
Unemployment rates can range pretty dramatically from one city to another. Knowing that Bal Harbour has an unemployment rate of 2.7% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Bal Harbour has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Bal Harbour is real estate affordability. The median home price for Bal Harbour homes is $2,359,744, which is 687.6% 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 20.9, which is 397.6% higher than the Florida average.
| Statistic | Bal Harbour | Florida | National |
| Average one way commute | 30min | 27min | 26min |
| Workers who drive to work | 66.2% | 79.5% | 76.4% |
| Workers who carpool | 5.4% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 9.5% | 1.5% | 2.8% |
| Working from home | 17.9% | 5.4% | 4.6% |
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