2020 census As of the
2020 census, Balm had a population of 6,541. The median age was 33.6 years. 30.0% of residents were under the age of 18 and 10.7% were 65 years of age or older. For every 100 females there were 95.3 males, and for every 100 females age 18 and over there were 90.6 males age 18 and over. 86.4% of residents lived in urban areas, while 13.6% lived in rural areas. There were 2,026 households in Balm, of which 44.2% had children under the age of 18 living in them. Of all households, 61.5% were married-couple households, 11.0% were households with a male householder and no spouse or partner present, and 19.1% were households with a female householder and no spouse or partner present. About 13.0% of all households were made up of individuals and 4.3% had someone living alone who was 65 years of age or older. The owner-occupied housing unit rate was 89.8%. The median value of owner-occupied housing units was $237,800. The median selected monthly owner costs were $1,723 with a mortgage and $547 without a mortgage. The median gross rent was $1,824. 99.4% of households had a computer, and 97.3% had a broadband internet subscription. The median household income was $96,406, the per capita income was $29,638, and 7.2% of the population lived below the
poverty threshold. 91.4% of residents age 25 and older were high school graduates or higher, and 26.9% of that population had a bachelor's degree or higher. ==Economy==