Living in Balm, Florida
Cost of living, income, home prices, rent and demographics of Balm · Census data 2020–2024
Balm has 7,181 residents with a median age of 32.6. The median household income is $114,659 (54% higher than the Florida median), the median home value is $345,300, the median rent is $2,022/month.
Balm at a glance
- Population
- 7,181
- Median age
- 32.6State: 42.6
- Median household income
- $114,659State: $74,568
- Median home value
- $345,300State: $359,000
- Median rent
- $2,022/moState: $1,669
- Homeowners
- 77.8%
- Bachelor's degree or higher
- 20.4%
- Average commute
- 37 min
Is Balm a good place to live?
Pros: Median household income 54% higher than the Florida median; home values 4% lower than the state median; a poverty rate of 2.2%.
Cons: An average commute of 37 minutes; unemployment of 9.2%.
The weather is best in February–March and November–December.
Cost of living in Balm
Housing is the biggest part of the cost of living. In Balm the median home value is $345,300, 4% higher than the U.S. median. Renters pay a median of $2,022 per month, which is 19.6% of household income. Homeowners with a mortgage pay $1,713 a month in housing costs.
Balm median household income
The median household income in Balm is $114,659 and the income per person is $36,578. 2.2% of residents live below the poverty line (Florida: 12.6%).
Housing in Balm: homes for sale and rent
- Housing units
- 2,000
- Owner-occupied
- 77.8%
- Renter-occupied
- 22.2%
- Vacant
- 2.8%Includes seasonal homes
- Median year built
- 2014
- Average household size
- 3.69
Balm demographics
- Population
- 7,181
- Median age
- 32.6
- Under 18
- 29.6%
- 65 and older
- 4.3%
- Households
- 1,944
- Foreign-born
- 24.4%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Balm ›
Education in Balm
20.4% of adults 25 and older in Balm have a bachelor's degree or higher (Florida: 34.1%), and 2.6% have a graduate or professional degree.
Jobs and commute in Balm
- Unemployment rate
- 9.2%State: 4.8%
- Average commute
- 37 minState: 28 min
- Work from home
- 15.8%
- Drive alone
- 67.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 99.4%
Balm vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Balm | 7,181 | $114,659 | $345,300 | $2,022 |
| Sun City Center | 33,548 | $73,528 | $317,000 | $2,156 |
| Riverview | 113,697 | $100,438 | $384,200 | $2,002 |
| Wimauma | 15,266 | $68,274 | $379,000 | $1,384 |
| Apollo Beach | 33,355 | $127,617 | $472,700 | $2,293 |
| Gibsonton | 18,754 | $83,875 | $304,500 | $1,386 |
| Fish Hawk | 26,186 | $135,271 | $561,000 | $2,280 |
| Bloomingdale | 23,827 | $104,547 | $414,700 | $2,210 |
| Ruskin | 29,834 | $79,235 | $323,000 | $1,419 |
More for people moving to Balm
Balm ZIP code ›Weather and climate ›Living in Balm: FAQ
What is the median household income in Balm, FL?
The median household income in Balm is $114,659, 54% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Balm?
The median home value in Balm is $345,300, compared with $359,000 in Florida.
How much is rent in Balm?
The median gross rent in Balm is $2,022 per month, about 19.6% of household income.
Is Balm, FL a good place to live?
Pluses: median household income 54% higher than the Florida median; home values 4% lower than the state median; a poverty rate of 2.2%. Minuses: an average commute of 37 minutes; unemployment of 9.2%.
What is the median age in Balm?
The median age in Balm is 32.6 years (Florida: 42.6).
How long is the commute in Balm?
The average commute to work in Balm is 37 minutes; 15.8% of workers work from home.
What is the unemployment rate in Balm?
The unemployment rate in Balm is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Balm?
20.4% of adults in Balm have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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