Balm, FL
Population 5,362 · Florida
About Balm, FL
Balm is a small town located in Florida with a population of 5,362 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,347 per year, which is 39% above the national median of $75,149. The median age of 33.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Balm features a median home value of $312,600, which is 28% above the national median of $244,900. This positions Balm in a moderately priced market relative to the rest of the country. Median monthly rent is $1,679, 44% above the national average of $1,163/month. Of the 2,015 total housing units, 86% are owner-occupied (1,661 units) and 14% are renter-occupied (260 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Balm shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Balm have an average one-way commute time of 37.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
24.2% of Balm residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.8% White, 0.2% Hispanic or Latino, 5.5% Black or African American, and 15.4% Asian residents, with 23.3% of the population being foreign-born.
Cost of Living in Balm, FL
Compared to national averages, Balm has a median household income of $104,347 (39% above the national median of $75,149). Home values average $312,600, which is 28% above the national median. Monthly rent at $1,679 is 44% above the US average of $1,163. Within Florida, Balm's income is 37% above the state average of $75,893, and home values are 12% below the state median of $353,675.
Why Live in Balm, FL?
Balm offers a strong local economy with a median household income of $104,347, well above the national average, and a low poverty rate of 2.7%, better than the national average.
Balm has a population of 5,362 with a median age of 33.5 years. Compare Balm with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Balm
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| White City | 5,373 | $96,042 | $350,800 | Compare |
| Okeechobee | 5,376 | $50,365 | $187,400 | Compare |
| Orangetree | 5,377 | $102,133 | $473,800 | Compare |
| Tice | 5,377 | $54,833 | $185,900 | Compare |
| Rio Pinar | 5,396 | $100,574 | $381,800 | Compare |
| South Pasadena | 5,324 | $51,369 | $319,600 | Compare |
| Cortez | 5,323 | $76,915 | $388,500 | Compare |
| Cocoa West | 5,416 | $32,746 | $135,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Balm With Other Cities
Frequently Asked Questions about Balm
What is the population of Balm, FL?
The population of Balm, FL is 5,362 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Balm?
The median household income in Balm, FL is $104,347 per year, which is 39% above the national median of $75,149.
What is the median home value in Balm?
The median home value in Balm, FL is $312,600, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Balm?
The median monthly rent in Balm, FL is $1,679, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Balm?
The unemployment rate in Balm, FL is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Balm, FL a good place to live?
Balm offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,362 and a median age of 33.5, the city appeals to young professionals and families.
How educated is Balm, FL?
24.2% of residents in Balm aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Balm?
Key cost-of-living indicators for Balm, FL: median home value is $312,600 (28% above national), median rent is $1,679/month, and median household income is $104,347. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Balm?
The poverty rate in Balm, FL is 2.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Balm, FL?
Balm's population is 2.8% White, 0.2% Hispanic or Latino, 5.5% Black or African American, 15.4% Asian, and 32.5% two or more races. 23.3% of residents are foreign-born.