Cost of Living in Bal Harbour, FL
Population 3,021 · Florida · Data vintage 2023
(100 = US avg)
Bal Harbour's housing market is in a category of its own — median home values around $1.3 million sit roughly 4 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents. Unemployment has stayed elevated relative to the national figure — 8.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Bal Harbour sits roughly 8 miles southeast of Miami Gardens. Median home values run roughly 279% higher than Miami Gardens' $337,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Bal Harbour
The median home value in Bal Harbour is $1,277,200 — 319% above the national median of $305,000. Median rent runs $2,734/month, 108% higher than the national median of $1,314/month. The median household income of $91,061/year is 22% higher than the US median of $74,580. The local unemployment rate is 8.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Bal Harbour has a cost of living index of 334 versus the US average of 100, meaning it is 234% more expensive.
Bal Harbour has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Bal Harbour, FL?
Bal Harbour has a cost index of 334 (100 = national average). It is 234% above the national average.
What is average rent in Bal Harbour, FL?
The median gross rent in Bal Harbour is $2,734 per month based on 2023 Census data.
What is the average home price in Bal Harbour?
The median home value in Bal Harbour is $1,277,200 according to Zillow and Census data.
What is the median income in Bal Harbour?
The median household income in Bal Harbour is $91,061 per year (2023 ACS 5-year estimates).
What is the sales tax in Bal Harbour, FL?
The combined state and local sales tax rate in Bal Harbour is 7.0%. Florida has no state income tax.
Is Bal Harbour, FL affordable?
Bal Harbour is above average in cost of living, with an index of 334 — about 234% higher than the national average.
Bal Harbour at a Glance
- Population
- 3,021
- Median Income
- $91,061
- Home Value
- $1,277,200
- Median Rent
- $2,734/mo
- Unemployment
- 8.7%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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