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Balmoral, NB

Full City Profile · New Brunswick

3.1 /5.0
B Good
1,603 Population 96/sq mi density
$69,000 Median Income $44,280 per capita
$130,000 Home Value
$645 Median Rent 7.0% income on rent
37°F Avg Temperature 258 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$69,000 median income, 8.8% unemployment
A+
Affordability
5.0 / 5.0
$130,000 home value, $645/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
11.0% bachelor's degree or higher

Balmoral, NB

At a Glance

Median Income
$69,000
8% below
$44,280 per capita
Home Value
$130,000
54% below
Median Rent
$645/mo
45% below
7.0% of income on rent
Bachelor's Degree+
11.0%
67% below
21.3% high school+
Unemployment
8.8%
144% above
11.2% poverty rate
Avg Temperature
37°F
258 sunny days/yr

How Balmoral Compares to the U.S. Average

Each bar shows Balmoral's value as a percentage of the national average (100% = U.S. avg)

Income
92%
Home Value
46%
Rent
55%
Poverty
90%
Bachelor's
33%
Unemployment
244%
Thin vertical line = U.S. national average (100%)

Is Balmoral a Good Place to Live?

B
3.1 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Balmoral residents earn a median household income of $69,000 , which is 8% below the national average of $75,149. Per capita income is $44,280. The unemployment rate stands at 8.8% (144% above the U.S. rate of 3.6%). 11.2% of residents live below the poverty line. The area is home to 50 business establishments.

Housing & Cost of Living

The median home value in Balmoral is $130,000 , 54% below the national median of $281,900. Median rent is $645/month, with 7.0% of renters spending more than 30% of income on housing.

Education

11.0% of adults in Balmoral hold a bachelor's degree or higher (67% below the national average). 21.3% have completed high school.

Climate & Weather

Balmoral has an average annual temperature of 37°F (3°C). Winters average 8°F in January while summers reach 63°F in July. The area gets 258 sunny days per year. Annual precipitation totals 43.0 inches.

Data Overview

People

Population1,603
Median Age49.6 yrs
Density96/mi²
Male / Female49% / 51%

Economy

B
Median Income$69,000
Per Capita$44,280
Unemployment8.8%
Poverty11.2%
Avg Weekly Wage$852

Housing

A+
Home Value$130,000
Rent$645
Ownership82.6%
Housing Units720
Rent Burden7.0%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp37°F
Sunny Days258/yr
Rain43.0 in/yr
Elevation262 ft

Education

D
Bachelor's+11.0%
High School+21.3%
Graduate+1.8%

Community

Commute23 min