This was 30.5 percent higher than the state average of 40.5 percent. In 2020 the total municipality population reached 5,832.
99 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Bay Harbor Islands for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 39 | 1 |
| Regular high school diploma | 380 | 10.1 |
| GED or alternative credential | 33 | 0.9 |
| Some college, less than 1 year | 58 | 1.5 |
| Some college, 1 or more years, no degree | 577 | 15.4 |
| Associate's degree | 572 | 15.2 |
| Bachelor's degree | 1,086 | 28.9 |
| Master's degree | 567 | 15.1 |
| Professional school degree | 328 | 8.7 |
| Doctorate degree | 113 | 3 |
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