Balko is an unincorporated community in Beaver County, Oklahoma, United States.

Balko has a school, gas station, diner, tire shop, three churches and post office.

The local economy is dependent on farming, ranching, and the oil industry.

[3] The nearest airport is Beaver Municipal, about 21 miles northeast.

[4] The nearest commercial airport is Liberal Mid-America Regional in Kansas, about 42 miles north-northwest.