With 551 people, Balaton is a city in Minnesota. The median age is 48.6, about 10 years above the US median. Four-year degrees are less common here than nationally, at 15% of adults. The typical home is worth $94,000, having more than doubled since 2000. That trails the Minnesota median by roughly 39%. 2% of locals were born outside the United States.
At a glance
Lower income
median household income $54,688, below the US median
US median: $82,259
Older
median age 48.6
US median: 38.9
Less educated
15% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Balaton
What changed most since 1990
Population732 → 551(−25%)US over the same years: +35%
Adults with a bachelor's degree11.7% → 15.4%(+3.7 pts)US over the same years: +15.3 pts
White share99.6% → 92.6%(−7.0 pts)US over the same years: −17.8 pts
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)8.9%(4)
US avg: 26.4%
Gulf War (1990s)4.4%(2)
US avg: 24.3%
Vietnam era40%(18)
US avg: 33.1%
Korean War22.2%(10)
US avg: 4.5%
World War II0%(0)
US avg: 1%
Share of the 45 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Balaton, decade by decade
Balaton population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
732
$40,715
$52,562
11.7%
1.0
2000
637
$66,385
$75,417
13.1%
3.5
2010
643
$57,134
$93,507
16.2%
9.4
2020
595
$60,602
$91,267
12.4%
7.8
2024
551
$54,688
$94,000
15.4%
17.2
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
