Cost of Living in Balm, FL
Population 5,362 · Florida · Data vintage 2023
(100 = US avg)
Balm sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Balm sits roughly 5 miles south of Riverview. Median home values run roughly 8% lower than Riverview's $341,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Balm
The median home value in Balm is $312,600 — 2% above the national median of $305,000. Median rent runs $1,679/month, 28% higher than the national median of $1,314/month. The median household income of $104,347/year is 40% higher than the US median of $74,580. The local unemployment rate is 7.4%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Balm has a cost of living index of 113 versus the US average of 100, meaning it is 13% more expensive.
Balm has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Balm, FL?
Balm has a cost index of 113 (100 = national average). It is 13% above the national average.
What is average rent in Balm, FL?
The median gross rent in Balm is $1,679 per month based on 2023 Census data.
What is the average home price in Balm?
The median home value in Balm is $312,600 according to 2023 Census ACS data.
What is the median income in Balm?
The median household income in Balm is $104,347 per year (2023 ACS 5-year estimates).
What is the sales tax in Balm, FL?
The combined state and local sales tax rate in Balm is 7.0%. Florida has no state income tax.
Is Balm, FL affordable?
Balm is above average in cost of living, with an index of 113 — about 13% higher than the national average.
Balm at a Glance
- Population
- 5,362
- Median Income
- $104,347
- Home Value
- $312,600
- Median Rent
- $1,679/mo
- Unemployment
- 7.4%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs