Balm, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Balm, Florida had a total population of 7,181, the 407th largest community in Florida, with a median household income of $114,659, which is 54% higher than the state average. The poverty rate is 2.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 54% above the state average — one of the wealthiest communities in Florida.
- An exceptionally low poverty rate of 2.1% — among the lowest in Florida.
- One of the most racially diverse communities in Florida (diversity index: 72/100).
- Unemployment rate of 9.2% is notably above the national average.
Balm Quick Facts
How Balm Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 5,362 | 7,181 | +33.9% |
| Median household income | $104,347 | $114,659 | +9.9% |
| Median home value | $312,600 | $345,300 | +10.5% |
How Balm Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
This community is exceptionally diverse, with no single racial or ethnic group dominating the population.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Balm Rankings in Florida
Explore Florida Rankings
Other Cities in Hillsborough County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Tampa | 401,618 | $75,475 | 15.4% | $420,400 |
| Brandon | 119,767 | $79,685 | 11.4% | $339,000 |
| Riverview | 113,697 | $100,438 | 7.5% | $384,200 |
| Town 'n' Country | 85,928 | $73,538 | 11.3% | $337,100 |
| University (Hillsborough County) | 48,127 | $37,207 | 37.0% | $164,900 |
| Plant City | 40,887 | $67,439 | 15.0% | $291,800 |
| Valrico | 40,239 | $104,839 | 9.9% | $393,700 |
| Carrollwood | 36,725 | $81,959 | 8.4% | $384,600 |
| Egypt Lake-Leto | 35,873 | $54,032 | 16.8% | $315,100 |
| Sun City Center | 33,548 | $73,528 | 8.3% | $317,000 |
Cities Similar to Balm
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Neptune Beach | 7,168 | $119,294 | $670,900 | 60.9% | 3.1% |
| Belle Isle | 7,444 | $104,559 | $526,600 | 54.4% | 11.6% |
| Lake Lorraine | 6,903 | $104,105 | $434,500 | 49.4% | 6.6% |
| Connerton | 7,650 | $123,540 | $466,200 | 36.2% | 5.0% |
| Heathrow | 6,769 | $126,250 | $598,600 | 68.3% | 3.5% |
Population Overview
Balm is a small city located in Florida, within Hillsborough County. The total population is 7,181. It ranks as the 407th most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Balm is 32.6 years. This is 23% lower than the state median of 42.6 years. With 29.6% of the population under 18, Balm has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Balm is $114,659. This is 54% higher than the state median of $74,568. It is also 42% higher than the national median of $80,734. The poverty rate stands at 2.1%. This is 83% lower than the state poverty rate of 12.6%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 9.2%. This is 90% higher than the state rate of 4.8%. The median home value is $345,300. Housing costs are 4% lower than the state median of $359,000. The home-value-to-income ratio is 3.0x. 77.8% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 67.6%.
Race & Ethnicity
Balm is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Black or African American residents account for 28.6%. The Black or African American population is significantly higher than the state average (28.6% vs 14.6%). The Asian population is significantly higher than the state average (7.3% vs 2.9%).
Education
20.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 76.5%.
Data Sources & Methodology
All demographic data for Balm, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Balm, Florida?
Balm, Florida has a population of 7,181 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Balm, FL?
The median household income in Balm is $114,659, which is 42% higher than the national median of $80,734.
What is the poverty rate in Balm, FL?
The poverty rate in Balm is 2.1%. This means approximately 154 residents live below the federal poverty line.
What is the racial makeup of Balm, Florida?
Balm's population is 37.3% White, 28.6% Black, 23.3% Hispanic/Latino, and 7.3% Asian.
What is the median home value in Balm, FL?
The median home value in Balm is $345,300. The home-value-to-income ratio is 3.0x.
How educated is Balm, Florida?
20.4% of adults (25+) in Balm hold a bachelor's degree or higher, and 2.6% hold a graduate or professional degree.