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The total population of Bay Harbor Islands is estimated to be 5,843 with 2,358 males (40.36%) and 3,485 females (59.64%). There are 1,127 more females than males in Bay Harbor Islands.
The median household income in Bay Harbor Islands was $86,283 in 2021, which marked an a decrease of 25,969(23.13%) from $112,252 in 2020. This income is 115.65% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Bay Harbor Islands sees its highest median household income among householders in the age group of 45 to 64 years old, at $125,864. Overall, the median household income for the town of Bay Harbor Islands stands at $86,283.
In Bay Harbor Islands, the median income for all workers aged 15 years and older, regardless of work hours, was $66,339 for males and $32,959 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $70,118 for males and $55,716 for females.
In Bay Harbor Islands, there are just two different racial groups among households. Among these, White households report a median household income of $88,612, while Some Other Race households have a median household income of $74,371.
In 2022, the population of Bay Harbor Islands was 5,717, a 1.07% decrease year-by-year from 2021. Previously, in 2021, Bay Harbor Islands's population was 5,779, a decline of 1.90% compared to a population of 5,891 in 2020.
The median age in Bay Harbor Islands, FL is 36.6, as per 2021 ACS 5-Year Estimates. Of the total population, 27.99% were under the age of 15, 12.82% aged 15 to 29, 48.47% aged 30 to 64, 9.74% aged 65 to 84, and 0.97% were 85 years of age and older.
Racial distribution of Bay Harbor Islands population: 62.06% are White, 4.56% are Black or African American, 0.51% are American Indian and Alaska Native, 1.16% are Asian, 8.67% are some other race and 23.04% are multiracial.