Bal Harbour

Bal Harbour is a village in Miami-Dade County, Florida, United States. The original name chosen for Bal Harbour was Bay Harbour. However, the planning committee didn't think that was appropriate for a city that was on the beach. A name was invented to encompass a village that ran from the bay to the Atlantic Ocean. The b was taken from the word bay and the a and l were taken from the name Atlantic. Hence the word Bal was created. In 2008, The new Regent Bal Harbour opened, becoming the northern gateway to the Village. In 2012, The last oceanfront undeveloped Beach Club site was sold for $220 million in order to make way to the ultra luxury Oceana at Bal Harbour. In 2014, The Ritz-Carlton Bal Harbour, Miami opens at the former Regent Bal Harbour and ONE Bal Harbour Resort & Spa .

In 2000, the median income for a household in the village was $47,148, and the median income for a family was $83,570. Males had a median income of $51,227 versus $44,500 for females. The per capita income for the village was $67,680. About 5.6% of families and 9.2% of the population were below the poverty line, including 10.5% of those under age 18 and 6.7% of those age 65 or over. This data only reflects reported income, not overall wealth.

source: wikipedia.org