Cost of Living in Balm, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
155.7
100 = national avg
+55.7 vs national average
Living Wage (1 Adult)
$68,505
per year
Living Wage (Family of 4)
$161,920
per year
Cost Index by Category
Housing178.9
Food129.8
Transportation159.5
Healthcare123.8
Utilities133.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,696
per month
2 Bedroom
$1,977
per month
The overall cost of living index in Balm is 155.7, which is 55.7% above the national average. Housing costs are above the national average at an index of 178.9. A single adult needs to earn approximately $68,505 per year to cover basic expenses.