Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Employment
The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Health & Safety
Poor air quality and the inaccessibility of certain health related facilities like hospitals, clinics, doctors and pharmacies could have all contributed to the low score in this category.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Balm, Florida is a smaller city with a population of 3,981 residents. Balm is mostly populated by White (55%) and Black or African American (34%) ethnic groups. Balm could be a great place for young adults and students as the average age of 33 years old is below the nation’s average. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Balm entails a longer-than-average one-way commute time, averaging 38 minutes.
Living in Balm can be a positive experience for anyone relocating to the town. Having said that, in the state of Florida, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Balm, AreaVibes has created a livability score using key metrics like cost of living, commute, health & safety, employment and more.
The livability score in Balm is 63/100 and the city is ranked in the 54th percentile of all cities across America. For each of the livability categories, we see that Balm ranks very well for crime (A+), cost of living (A+), employment (A+) and housing (A+). Balm does not rank well for the following: amenities (F) and education (F). It might be a good idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Balm, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.92% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Balm has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Balm real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Balm. The median home price for Balm homes is $224,100, which is 34.4% higher than the Florida average. If we take a closer look at the affordability of homes in Balm, we’ll see that the home price to income ratio is 2.7, which is 20.6% lower than the Florida average.
| Statistic | Balm | Florida | National |
| Average one way commute | 38min | 27min | 26min |
| Workers who drive to work | 81.4% | 79.5% | 76.4% |
| Workers who carpool | 15.2% | 9.3% | 9.3% |
| Workers who take public transit | 0.0% | 2.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 1.5% | 2.8% |
| Working from home | 3.4% | 5.4% | 4.6% |
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