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Balfour, NC
Full City Profile · North Carolina · Henderson County County
3.5
/5.0
B+
Good
1,132
Population
699/sq mi density
$69,545
Median Income
$40,787 per capita
$294,200
Home Value
$396,127 Zillow
$743
Median Rent
21.4% income on rent
56°F
Avg Temperature
301 sunny days/yr
332
Violent Crime/100K
4,096 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$69,545 median income, 0.0% unemployment
A
Affordability
4.3 / 5.0
$294,200 home value, $743/mo rent
F
Safety
1.0 / 5.0
332 violent crimes/100K
A
Education
4.2 / 5.0
40.3% bachelor's degree or higher
Income Overview
Median Household Income
$69,545
7% below
US avg: $75,149
Per Capita Income
$40,787
4% above
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
3.4%
73% below
US avg: 12.4%
Income Comparison: Balfour vs. U.S. Average
Each bar shows Balfour’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$69,545
93%
Per Capita
US: $39,052
$40,787
104%
IRS Avg AGI
US: $72,000
$74,950
104%
Avg Weekly Wage
US: $1,432
$1,041
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,041
27% below US avg ($1,432)
Mean Commute Time
16 min
42% below US avg (28 min)
Work From Home
7.4%
51% below US avg (15.2%)
Drive Alone
82.2%
12% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$6,372M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
82.2%
Public Transit
0%
Work From Home
7.4%
Other
10.4%
Average commute time
16 minutes
US avg: 28 min
Business Landscape
Total Establishments
4,120
Restaurants
250
Healthcare
324
Retail
407
Manufacturing
132
Tax & Financial
IRS Avg Adjusted Gross Income
$74,950
4% above US avg ($72,000)
Avg Property Tax
$3,686
5% above US avg ($3,500)
Cost of Living Index
94.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $69,545 |
| Per Capita Income | $40,787 |
| IRS Avg Adjusted Gross Income | $74,950 |
| Avg Weekly Wage | $1,041 |
| County GDP | $6,372M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 3.4% |
| Gini Coefficient | 0.451 |
| Cost of Living Index | 94.3 |
Commute
| Mean Commute | 16 minutes |
| Drive Alone | 82.2% |
| Public Transit | 0.0% |
| Work From Home | 7.4% |
Businesses
| Total Establishments | 4,120 |
| Restaurants | 250 |
| Healthcare | 324 |
| Retail | 407 |
| Manufacturing | 132 |
Tax
| IRS Avg AGI | $74,950 |
| Avg Property Tax | $3,686 |