Affordable

What Salary Do You Need to Live in Balm?

To afford a 2-bedroom in Balm, you need to earn at least $80,720/year based on estimated fair market rent data. The median household income here is $102,162, which means the typical resident is $21,442 above the threshold.

Census ACS Data Pop. 5,397

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,413	$4,710	$56,520	$-45,642
1 Bedroom	$1,675	$5,583	$67,000	$-35,162
2 Bedroom BENCHMARK	$2,018	$6,727	$80,720	$-21,442
3 Bedroom	$2,462	$8,207	$98,480	$-3,682
4 Bedroom	$3,027	$10,090	$121,080	+$18,918

Affordability Breakdown

Where the required salary line crosses above Balm's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$102,162

Annual household

2BR Required Salary

$80,720

Under 30% rule

Income Gap

+$21,442

Surplus

Verdict

Affordable

Ratio: 23.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Balm

Your Annual Salary

Pre-filled with Balm's median household income

Max monthly rent you can afford$2,554

Studio

$1,413/mo

1 BR

$1,675/mo

2 BR

$2,018/mo

3 BR

$2,462/mo

4 BR

$3,027/mo

Your salary is $0 above the median income in Balm.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Balm's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Balm

Balm, Florida stands out as one of the more financially accessible housing markets in the state. The median household income of $102,162 significantly exceeds the $80,720 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,442 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Balm, a studio at $1,413/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,462/month remains accessible for dual-income households earning above $98,480.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $121,080 would position you well — though many residents in Balm manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Balm, Florida.

With a total population of 5,397, the city supports an active civilian workforce of 2,986 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $80,720 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

2,986

Active civilian employees in Balm

Frequently Asked Questions About Renting in Balm

What salary do I need to live in Balm, Florida?

To afford a 2-bedroom in Balm under the 30% rule, you need an annual salary of at least $80,720. The median household income in Balm is $102,162.

Can I afford a 2-bedroom in Balm on $102,162?

The affordability verdict for Balm is "Affordable". The rent-to-income ratio is 23.7%, meaning median earners have a $21,442 surplus.

What is the average rent in Balm compared to median income?

The median gross rent in Balm is $1,675/month. With a median household income of $102,162, residents spend approximately 23.7% of their income on rent.

What salary do I need for a studio in Balm?

A studio in Balm rents for approximately $1,413/month. Under the 30% rule, you need an annual salary of $56,520 to afford this.

Is Balm considered an affordable place to live?

Based on the surplus of $21,442 and an affordability verdict of "Affordable", Balm is considered a affordable rental market when comparing the required 2-bedroom salary of $80,720 to the local median household income.

How Balm Compares

Other cities in Florida with salary requirements