States › Florida › Balm

Is Balm, FL expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,40037% higher than U.S. average
💵 Families earn per year (2026)$123,660about $10,305/month · 42% higher than U.S. average
🔑 House price$345,3004% higher than U.S. average

Rent is higher than in 83% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 36.6 minutes each way. Most homes (77.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $96,000 a year. That is $46 an hour at a full-time job.

Is rent cheaper than other Florida cities?

No. Rent here is more expensive than in most of Florida. It is number 375 of 479 cities from cheapest to most expensive.

Balm
$2,400
Neptune Beach
$2,755
West Miami
$2,441
Kathleen
$1,312
Marianna
$903
Ormond-by-the-Sea
$1,509
Fort Pierce North
$969

How much do households earn in Balm?

Under $25k
2.7%
$25k–50k
9.2%
$50k–100k
40.4%
$100k–150k
30.5%
$150k+
17.7%

Share of households by yearly income. 48.3% of households earn $100,000 or more.

How expensive is Balm overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Balm, so the Florida figure is shown.

Taxes and bills in Balm

🏛️ Property tax$2,902a year · 0.84% of home value · U.S. $3,119
⚡ Electric bill$137a month (typical) · U.S. $156

Life in Balm

Commute to work36.6 minU.S.: 26.4 min
College degree20.4%U.S.: 35.7%
Own their home77.8%U.S.: 65.2%
Below poverty line2.2%U.S.: 12.5%
Unemployment9.2%U.S.: 5.2%

Is it cheaper to rent or buy in Balm?

About the same. Renting and owning cost within $4 of each other each month.

Renting
$2,400
Owning
$2,396

Owning assumes a typical $345,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,530 for the down payment.

Frequently asked questions

What is the average rent in Balm, FL?

Renting in Balm costs a median of about $2,400 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Balm?

To keep rent under 30% of income, you need about $96,000 a year, or $46 an hour at a full-time job.

Is Balm cheap or expensive?

Balm is rated OK: rent takes 23.3% of the typical household income of $123,660. It ranks 375th cheapest of 479 Florida cities we track.

How much are property taxes in Balm?

The median homeowner in Balm pays $2,902 a year in property taxes, about 0.84% of the median home value.

Is Balm more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Balm?

The median home value in Balm is $345,300, about 2.8 times the typical yearly household income.

7,181 people live in Balm. Numbers are typical (middle) values.