Balfour, NC

Census Place

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2024 Population
1,134
US Senator
Thom Tillis
Republican Party
US Senator
Ted Budd
Republican Party
2024 Median Age
46.1
8.47% 1-year increase
2024 Poverty Rate
5.64%
27.4% 1-year decrease
2024 Median Household Income
$70,116
0.821% 1-year growth
2024 Median Property Value
$292,600
0.544% 1-year decline
2024 Employed Population
765
1.8% 1-year decline

About

None of the households in Balfour, NC reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

94.3% of the residents in Balfour, NC are U.S. citizens.

In 2024, the median property value in Balfour, NC was $292,600, and the homeownership rate was 78%.

Most people in Balfour, NC drove alone to work, and the average commute time was 17.8 minutes. The average car ownership in Balfour, NC was 2 cars per household.

United StatesNorth CarolinaHenderson County, NCAsheville, NCHenderson & Transylvania Counties PUMA, NC

Population & Diversity

Balfour, NC is home to a population of 1.13k people, from which 94.3% are citizens. As of 2024, 18.1% of Balfour, NC residents were born outside of the country (205 people).

In 2024, there were 6.22 times more White (Non-Hispanic) residents (914 people) in Balfour, NC than any other race or ethnicity. There were 147 Other (Hispanic) and 29 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

94.3%
2024 Citizenship
92.9%
2023 Citizenship

As of 2024, 94.3% of Balfour, NC residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Balfour, NC was 92.9%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Balfour, NC compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Balfour, NC
  1. White (Non-Hispanic)
    914 ± 300
  2. Other (Hispanic)
    147 ± 95
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    29 ± 42
15.5%
Hispanic Population
176 people

In 2024, there were 6.22 times more White (Non-Hispanic) residents (914 people) in Balfour, NC than any other race or ethnicity. There were 147 Other (Hispanic) and 29 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

15.5% of the people in Balfour, NC are hispanic (176 people).

The following chart shows the 8 races represented in Balfour, NC as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for North Carolina.
Most Common Origin
  1. Mexico
    224,963 ± 11,520 people
  2. India
    83,219 ± 7,055 people
  3. Honduras
    48,247 ± 5,380 people

In 2023, the most common birthplace for the foreign-born residents of North Carolina was Mexico, the natal country of 224,963 North Carolina residents, followed by India with 83,219 and Honduras with 48,247.

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Foreign-Born Population

18.1%
2024 Foreign-Born Population
205 people
14%
2023 Foreign-Born Population
159 people

As of 2024, 18.1% of Balfour, NC residents (205 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Balfour, NC was 14%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Balfour, NC compared to that of it's neighboring and parent geographies.

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Military

Veterans

Vietnam
Most Common Service Period
31 ± 46

The chart shows the distribution of veterans by conflict in Balfour, NC.

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Economy

The economy of Balfour, NC employs 765 people. In 2024, the largest industries in Balfour, NC were Health Care & Social Assistance (127 people), Educational Services (108 people), and Other Services, Except Public Administration (88 people), and the highest paying industries were Professional, Scientific, & Technical Services ($58,500), Manufacturing ($36,563), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($35,568).

Employment

Occupations

765
2024 Value
± 201
−1.8%
1 Year decline
± 37.2%

From 2023 to 2024, employment in Balfour, NC declined at a rate of −1.8%, from 779 employees to 765 employees.

The most common job groups, by number of people living in Balfour, NC, are Education Instruction, & Library Occupations (126 people), Office & Administrative Support Occupations (102 people), and Sales & Related Occupations (74 people). This chart illustrates the share breakdown of the primary jobs held by residents of Balfour, NC.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for North Carolina.

This chart shows weekly unemployment insurance claims in North Carolina (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

765
2024 Value
± 201
−1.8%
1 Year decline
± 37.2%

From 2023 to 2024, employment in Balfour, NC declined at a rate of −1.8%, from 779 employees to 765 employees.

The most common employment sectors for those who live in Balfour, NC, are Health Care & Social Assistance (127 people), Educational Services (108 people), and Other Services, Except Public Administration (88 people). This chart shows the share breakdown of the primary industries for residents of Balfour, NC, though some of these residents may live in Balfour, NC and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$33,287
Median earning men ± $11,681
$27,500
Median earning women ± $14,844

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($117,760), Construction ($33,958), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($33,068).

The industries with the best median earnings for women in 2024 are Manufacturing ($36,188), Retail Trade ($22,143), and Educational Services, & Health Care & Social Assistance ($19,439).

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Employment by Industry Sector

Data is only available at the state level. Showing data for North Carolina.
Y-Axis
3.04%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 4.86M people employed in North Carolina. This represents a 3.04% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 10.9%.

The following chart shows monthly employment numbers for each industry sector in North Carolina.

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Housing & Living

The median property value in Balfour, NC was $292,600 in 2024, which is 0.879 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $294,200 to $292,600, a 0.544% decrease. The homeownership rate in Balfour, NC is 78%, which is higher than the national average of 65.2%.

People in Balfour, NC have an average commute time of 17.8 minutes, and they drove alone to work. Car ownership in Balfour, NC is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$292,600
Median Property Value 2024
±$34,524
$362
Median Property Taxes
±$122

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Balfour, NC the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Balfour, NC compared to it's parent and neighbor geographies.

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Rent vs Own

78%
Homeownership
2024
68.1%
Homeowners with Mortgage
2024

In 2024, 78% of the housing units in Balfour, NC were occupied by their owner. This percentage grew from the previous year's rate of 71.4%.

This chart shows the percentage of owner in Balfour, NC compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$70,116
Median Household Income
± $16,992
464
Number of Households
± 137

In 2024, the median household income of the 464 households in Balfour, NC grew to $70,116 from the previous year's value of $69,545.

The following chart displays the households in Balfour, NC distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $25k - $30k range.

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Wage Distribution

The closest comparable wage GINI for Balfour, NC is from North Carolina.
0.467
2023 Wage GINI in North Carolina
0.47
2022 Wage GINI in North Carolina

In 2023, the income inequality in North Carolina was 0.467 according to the GINI calculation of the wage distribution. Income inequality had a 0.639% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for North Carolina was lower than than the national average of 0.476. In other words, wages are distributed more evenly in North Carolina in comparison to the national average.

This chart shows the number of workers in North Carolina across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (84.3%)
  2. Worked At Home (6.59%)
  3. Carpooled (5.53%)

In 2024, 84.3% of workers in Balfour, NC drove alone to work, followed by those who worked at home (6.59%) and those who carpooled to work (5.53%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

17.8 minutes
Average Travel Time

Using averages, employees in Balfour, NC have a shorter commute time (17.8 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Balfour, NC have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Balfour, NC compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Balfour, NC distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Balfour, NC have 2 cars.

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Poverty

Poverty & Diversity

5.64% of the population for whom poverty status is determined in Balfour, NC (64 out of 1.13k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 45 - 54, followed by Males 55 - 64 and then Females 35 - 44.

The most common racial or ethnic group living below the poverty line in Balfour, NC is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

86.4% of the population of Balfour, NC has health coverage, with 41.4% on employee plans, 13.9% on Medicaid, 21.2% on Medicare, 9.96% on non-group plans, and 0% on military or VA plans.

Primary care physicians in North Carolina see 1,413 patients per year on average, which represents a 0% change from the previous year (1,413 patients). Compare this to dentists who see 1634 patients per year, and mental health providers who see 299 patients per year.

By gender, of the total number of insured persons, 51.1% were men and 48.9% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 10.8% under 18 years, 19.2% between 18 and 34 years, 43.5% between 35 and 64 years, and 26.5% over 64 years.

By gender, of the total number of insured persons, 51.1% were men and 48.9% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

13.6%
Uninsured
41.4%
Employer Coverage
13.9%
Medicaid
21.2%
Medicare
9.96%
Non-Group
0%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Balfour, NC grew by 6.76% from 12.7% to 13.6%.

The following chart shows how the percent of uninsured individuals in Balfour, NC changed over time compared with the percent of individuals enrolled in various types of health insurance.

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