Balm is a city located in Hillsborough County Florida. With a 2020 population of 7,557, it is the 375th largest city in Florida and the 5055th largest city in the United States. Balm is currently growing at a rate of 7.21% annually and its population has increased by 15.53% since the most recent census, which recorded a population of 6,541 in 2020. Spanning over 10 miles, Balm has a population density of 752 people per square mile.
The average household income in Balm is $83,775 with a poverty rate of 7.61%. The median rental costs in recent years comes to $1,703 per month, and the median house value is $224,100. The median age in Balm is 32.6 years, 33.6 years for males, and 30.4 years for females.
According to the most recent ACS, the racial composition of Balmwas:
Rate of Home Ownership
Average Family Size
Average Household Size
The highest rate of high school graduation is among native american people with a rate of 100.00%.
The highest rate of bachelors degrees is among 2+ races people with a rate of 80.56%.
80.15% of Balm residents speak only English, while 19.85% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 18.08% of the population.
Overall Poverty Rate
Male Poverty Rate
Female Poverty Rate
The race most likely to be in poverty in Balm is White, with 13.20% below the poverty level.
The race least likely to be in poverty in Balm is Hispanic, with 1.52% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.14%. Among those working part-time, it was 7.34%, and for those that did not work, the poverty rate was 25.44%.
Number of Veterans
Veteran Poverty Rate
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Labor Force Participation
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Born in Balm
90.58% of Balm residents were born in the United States, with 45.99% having been born in Florida. 2.96% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Latin America.