Living in Balmville, New York
Cost of living, income, home prices, rent and demographics of Balmville · Census data 2020–2024
Balmville has 3,399 residents with a median age of 47.2. The median household income is $120,694 (40% higher than the New York median), the median home value is $392,200, the median rent is $1,656/month.
Balmville at a glance
- Population
- 3,399
- Median age
- 47.2State: 39.8
- Median household income
- $120,694State: $85,974
- Median home value
- $392,200State: $423,800
- Median rent
- $1,656/moState: $1,621
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 33.9%
- Average commute
- 40 min
Is Balmville a good place to live?
Pros: Median household income 40% higher than the New York median; home values 7% lower than the state median; unemployment of 5.8%; a poverty rate of 3.2%.
Cons: An average commute of 40 minutes.
The weather is best in May–June and August–September.
Cost of living in Balmville
Housing is the biggest part of the cost of living. In Balmville the median home value is $392,200, 18% higher than the U.S. median. Renters pay a median of $1,656 per month, which is 28.9% of household income. Homeowners with a mortgage pay $2,691 a month in housing costs.
Balmville median household income
The median household income in Balmville is $120,694 and the income per person is $50,721. 3.2% of residents live below the poverty line (New York: 14%).
Housing in Balmville: homes for sale and rent
- Housing units
- 1,201
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.96
Balmville demographics
- Population
- 3,399
- Median age
- 47.2
- Under 18
- 20.9%
- 65 and older
- 16.9%
- Households
- 1,137
- Foreign-born
- 19.8%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Balmville ›
Education in Balmville
33.9% of adults 25 and older in Balmville have a bachelor's degree or higher (New York: 40.2%), and 18.8% have a graduate or professional degree.
Jobs and commute in Balmville
- Unemployment rate
- 5.8%State: 6.4%
- Average commute
- 40 minState: 33 min
- Work from home
- 11%
- Drive alone
- 74.2%
- Public transit
- 5.4%
- Walk to work
- 1.9%
- Homes with broadband
- 91.9%
Balmville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Balmville | 3,399 | $120,694 | $392,200 | $1,656 |
| Newburgh | 28,519 | $56,960 | $247,900 | $1,454 |
| Gardnertown | 4,760 | $113,277 | $311,700 | $2,488 |
| Beacon | 14,834 | $107,859 | $471,600 | $1,658 |
| Orange Lake | 9,784 | $109,063 | $362,100 | $2,290 |
| New Windsor | 8,919 | $81,340 | $345,200 | $1,666 |
| Vails Gate | 3,052 | $70,688 | $310,100 | $1,616 |
| Marlboro | 3,679 | $119,318 | $412,800 | $1,828 |
| Firthcliffe | 5,432 | $101,250 | $407,400 | $1,831 |
More for people moving to Balmville
Balmville ZIP code ›Weather and climate ›Living in Balmville: FAQ
What is the median household income in Balmville, NY?
The median household income in Balmville is $120,694, 40% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Balmville?
The median home value in Balmville is $392,200, compared with $423,800 in New York.
How much is rent in Balmville?
The median gross rent in Balmville is $1,656 per month, about 28.9% of household income.
Is Balmville, NY a good place to live?
Pluses: median household income 40% higher than the New York median; home values 7% lower than the state median; unemployment of 5.8%; a poverty rate of 3.2%. Minuses: an average commute of 40 minutes.
What is the median age in Balmville?
The median age in Balmville is 47.2 years (New York: 39.8).
How long is the commute in Balmville?
The average commute to work in Balmville is 40 minutes; 11% of workers work from home.
What is the unemployment rate in Balmville?
The unemployment rate in Balmville is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Balmville?
33.9% of adults in Balmville 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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