Ballance is a surname. Notable people with the surname include:
Bingo Ballance (born 1984), professional wrestler from Dublin, Ireland
Bill Ballance, (1918–2004), American radio talk show host
Charles Alfred Ballance (1856–1936), English surgeon
Chris Ballance (born 1952), playwright and Scottish Green Party
Frank Ballance, (born 1942), American politician
Gary Ballance, (born 1989), first-class cricketer
John Ballance (1839–1893) served as the 14th Premier of New Zealand
Laura Ballance (born 1968), bassist in the rock band Superchunk and co-founder of Merge Records