As of 2024 the population of Balmorhea is 396. The population is expected to shrink to 390 by 2029 - a growth rate of -0.30%.
The median age of Balmorhea residents is 45.
The diversity index of Balmorhea is 76.5, meaning that there is a 77% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Balmorhea is $61,339 and projected to be $68,188 in 2029. Per capita income is $23,854, projected to be $26,226 in 2029. 0.51% of households – 2 – have an income of $200,000 or higher. Average net worth is $251,155 and the average disposable income is $52,055.
There are 191 housing units in Balmorhea; 112 are owner-occupied, 42 are rented, and 37 are vacant. The average home value is $153,571, with 9 homes built in 2010 or later, and 11 built in 1939 or earlier.
There are 22 businesses in Balmorhea, employing 119 workers and pulling from a labor force of 294 age 16 and above. 8 workers commute into Balmorhea from outside the county or state. Key industries for the area include:
286 residents both live and work in/around Balmorhea. The average travel time is 0.0 minutes. 5.94% people have a commute of less than 5 minutes while 0% commute 90 minutes or more each way. Of commuters, 254 drive alone, 0 carpool, and 0 take public transportation. 40 use other modes of transport such as motorcycle, bicycle, walking, etc. 0 residents work from home.
155 members of the workforce hold a high school diploma or GED. 21 have associates degrees, 5 have bachelor’s degrees, and 3 hold a graduate or professional degree.
