This was 28 percent higher than the state average of 40.5 percent. In 2020 the total municipality population reached 2,980.
93.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Bal Harbour for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 155 | 6.8 |
| Regular high school diploma | 291 | 12.8 |
| GED or alternative credential | 0 | 0 |
| Some college, less than 1 year | 85 | 3.8 |
| Some college, 1 or more years, no degree | 182 | 8 |
| Associate's degree | 204 | 9 |
| Bachelor's degree | 558 | 24.6 |
| Master's degree | 359 | 15.8 |
| Professional school degree | 394 | 17.4 |
| Doctorate degree | 38 | 1.7 |
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