Balm, FL

Census Place

2024 Population

7,181

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

32.6

2.69% 1-year decrease

2024 Poverty Rate

2.15%

20.9% 1-year decrease

2024 Median Household Income

$114,659

9.88% 1-year growth

2024 Median Property Value

$345,300

Population & Diversity

Balm, FL is home to a population of 7.18k people, from which 82.6% are citizens.

As of 2024, 24.4% of Balm, FL residents were born outside of the country (1.76k people).

In 2024, there were 1.31 times more White (Non-Hispanic) residents (2.68k people) in Balm, FL than any other race or ethnicity. There were 2.05k Black or African American (Non-Hispanic) and 1.24k Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

82.6%

2024 Citizenship

85.9%

2023 Citizenship

As of 2024, 82.6% of Balm, FL residents were US citizens, which is lower than the national average of 93.2%. In 2023, the percentage of US citizens in Balm, FL was 85.9%, meaning that the rate of citizenship has been decreasing.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Balm, FL

White (Non-Hispanic)
2.68k ± 1.28k
Black or African American (Non-Hispanic)
2.05k ± 1.18k
Other (Hispanic)
1.24k ± 1.3k

23.3%

Hispanic Population

1.67k people

23.3% of the people in Balm, FL are hispanic (1.67k people).

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

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

24.4%

2024 Foreign-Born Population

1.76k people

23.3%

2023 Foreign-Born Population

1.25k people

As of 2024, 24.4% of Balm, FL residents (1.76k 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 Balm, FL was 23.3%, meaning that the rate has been increasing.

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

Military

Veterans

Most Common Service Period

Gulf War (2001-)
300 ± 278
Gulf War (1990s)
45 ± 82
Vietnam
35 ± 45

Balm, FL has a large population of military personnel who served in Gulf War (2001-), 6.67 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Balm, FL.

Economy

The economy of Balm, FL employs 3.78k people. In 2024, the largest industries in Balm, FL were Retail Trade (568 people), Construction (517 people), and Finance & Insurance (438 people), and the highest paying industries were Public Administration ($97,183), Health Care & Social Assistance ($91,482), and Transportation & Warehousing, & Utilities ($90,353).

Employment

Occupations

3.78k

2024 Value

± 946

18.5%

1 Year growth

± 28.8%

From 2023 to 2024, employment in Balm, FL grew at a rate of 18.5%, from 3.19k employees to 3.78k employees.

The most common job groups, by number of people living in Balm, FL, are Management Occupations (508 people), Material Moving Occupations (391 people), and Construction & Extraction Occupations (368 people). This chart illustrates the share breakdown of the primary jobs held by residents of Balm, FL.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Florida (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.

Industries

Employment by Industries

3.78k

2024 Value

± 946

18.5%

1 Year growth

± 28.8%

From 2023 to 2024, employment in Balm, FL grew at a rate of 18.5%, from 3.19k employees to 3.78k employees.

The most common employment sectors for those who live in Balm, FL, are Retail Trade (568 people), Construction (517 people), and Finance & Insurance (438 people). This chart shows the share breakdown of the primary industries for residents of Balm, FL, though some of these residents may live in Balm, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$48,994

Median earning men ± $7,134

$41,787

Median earning women ± $9,234

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($108,491), Public Administration ($96,139), and Agriculture, Forestry, Fishing & Hunting, & Mining ($88,875).

The industries with the best median earnings for women in 2024 are Public Administration ($98,643), Finance & Insurance, & Real Estate & Rental & Leasing ($57,762), and Educational Services, & Health Care & Social Assistance ($53,626).

Housing & Living

The median property value in Balm, FL was $345,300 in 2024, which is 1.04 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $312,600 to $345,300, a 10.5% increase. The homeownership rate in Balm, FL is 77.8%, which is higher than the national average of 65.2%.

People in Balm, FL have an average commute time of 36.6 minutes, and they drove alone to work. Car ownership in Balm, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$345,300

Median Property Value 2024

±$36,207

$1,513

Median Property Taxes

±$482

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 Balm, FL the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

77.8%

Homeownership

2024

63.6%

Homeowners with Mortgage

2024

In 2024, 77.8% of the housing units in Balm, FL were occupied by their owner. This percentage declined from the previous year's rate of 86.5%.

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

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$114,659

Median Household Income

± $31,207

1.94k

Number of Households

± 588

In 2024, the median household income of the 1.94k households in Balm, FL grew to $114,659 from the previous year's value of $104,347.

The following chart displays the households in Balm, FL 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 $125k - $150k range.

Wage Distribution

The closest comparable wage GINI for Balm, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (67.4%)
Worked At Home (15.8%)
Carpooled (14.3%)

In 2024, 67.4% of workers in Balm, FL drove alone to work, followed by those who worked at home (15.8%) and those who carpooled to work (14.3%).

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.

Commute Time

36.6 minutes

Average Travel Time

Using averages, employees in Balm, FL have a longer commute time (36.6 minutes) than the normal US worker (26.4 minutes). Additionally, 2.19% of the workforce in Balm, FL have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

2.15% of the population for whom poverty status is determined in Balm, FL (154 out of 7.15k 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 25 - 34, followed by Females 35 - 44 and then Males 16 - 17.

The most common racial or ethnic group living below the poverty line in Balm, FL is Black, followed by Two Or More and White.

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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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