@Danzilla31 @squeedle and others
There is a lot of confusion about what balanced audio is and isn't. Balanced audio is not provided by the XLR connectors. It requires shielded 3-conductor cables and plugs. It also requires balanced impedance circuitry in both devices on either end of the cable. Read the link below.
Balanced connections were used in recording studios for microphones because their low voltage signal levels (roughly 3 mV) and often long cables, 30 feet or longer, could actually pick up noise from low levels of electromagnetic or radio-frequency interference (EMI/RFI). Long ago, pro audio standardized on 3-conductor cables with XLR connectors for all audio connections, balanced or unbalanced, simply to eliminate confusion made by having both unbalanced and balanced cables, with RCA and XLR plugs. Similar balanced connections are used for electric guitars, they have similar low voltage signals, but they use different plugs.
Home audio standardized on unbalanced RCA audio cables. They cost less, and they take up less space on the backs of receivers, amps, etc. It makes no sense to insist on balanced connections between pre-amps and amps because the signal levels coming from pre-amps, or line-level devices, are 100-300 times higher voltage than from recording microphones. Even phonograph pick-ups, whose voltage is about equal to low voltage level microphones, use unbalanced RCA connections in home audio.
Probably, the biggest benefit from balanced connections comes from the differential circuitry in both upstream & downstream electronic devices. Monoprice, and others, sell products with XLR jacks, but lack the differential circuitry. Their performance is no different than with an unbalanced connection. Gene is right. This feature is purely cosmetic, and seems to be the result of marketing ruling over engineering. To be honest, very few homes have EMI/RFI strong enough to interfere with pre-amp level audio signals. I've never encountered it myself, or in homes of friends. Read about differential signaling and how it silences EMI/RFI in balanced connections.
en.wikipedia.org