CensusEasy
CITY

Balaton

Minnesota · 578 residents (2025 est.) · 1.451 sq mi
Time machine
COMPARE TO
Part of the Marshall micropolitan area
Compare
The short version

Balaton has notably lower household income than the US average, with a median household income of $54,688. Population has declined 14% since 2000. 15% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $94,000. With a median age of 48.6, the population is older than the US median of 38.9. Households here earn about 39% less than the Minnesota median.

At a glance
Lower income
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
Section 01

Population & growth

Total population
551
−14%since 2000
from 637 in 2000
1990 – 2025
Population density
380 / sq mi
−14%since 2000
from 439 / sq mi in 2000
US average: 281
Median age
48.6
+34%since 2000
from 36.4 in 2000
US average: 38.9

PEP 2025 EST:578 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
5015696377057731990201020202024Balaton
2024551
1990201020202024
Section 02

Income & economy

Median household income
$54,688
−18%inflation adjusted, since 2000
from $36,442 in 2000
US average: $82,259
1990 – 2024
Per capita income
$33,950
+110%since 2000
from $16,167 in 2000
US average: $44,673
Households earning $100K+
30.1%
+21.5 ptssince 2009
from 8.6% in 2009
US average: 53.3%
Poverty rate
17.7%
+11.7 ptssince 2000
from 6.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.427
+47%since 2010
from 0.291 in 2010
US average: 0.476
Workforce by industry, 2024
Wholesale trade17.3%
US avg: 6.9%
Information11.3%
US avg: 10.8%
Other services9.8%
US avg: 6.7%
Retail trade7.1%
US avg: 9.9%
Public administration6.8%
US avg: 4.8%
Transportation & warehousing6.4%
US avg: 2.2%
Finance & insurance6.4%
US avg: 5.9%
Agriculture, forestry, fishing5.6%
US avg: 1.6%
Construction5.6%
US avg: 1.2%
Professional, scientific, technical5.6%
US avg: 5.1%
Education & health services0.8%
US avg: 0.9%
Arts, entertainment, food0.8%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$94,000
+25%inflation adjusted, since 2000
from $41,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,138
+48%inflation adjusted, since 2000
from $421 in 2000
US average: $1,442
Owner-occupied
74.9%
−5.2 ptssince 2000
from 80.1% in 2000
25.1% rent
Vacancy rate
7.2%
−0.5 ptssince 2009
from 7.7% in 2009
US average: 10.0%
Owner cost-burdened
33.5%
+9.6 ptssince 2009
from 23.9% in 2009
US average: 22.9%
Renter cost-burdened
36.9%
−9.5 ptssince 2009
from 46.4% in 2009
US average: 47.4%
Afford Score
1.7
+51%since 2000
from 1.1 in 2000
1990 – 2024
Gentrification Score
29
RELATED:See current rent listings in Balaton on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.6%(628)
Black0%(0)
Hispanic / Latino0.8%(5)
Asian0%(0)
Other0%
Diversity Score2%(12)
2024
White, non-Hispanic92.6%(510)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other7.4%(41)
Diversity Score17.2%(95)
Diversity Score
17
+779%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
15.4%
+2.2 ptssince 2000
from 13.1% in 2000
US average: 35.6%
High school or higher
98.1%
+12.7 ptssince 2000
from 85.4% in 2000
US average: 89.6%
Graduate degree
3.1%
+0.9 ptssince 2000
from 2.2% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
27.5 min
+121%since 2000
from 12.4 min in 2000
US average: 26.5
Drive alone to work
78.2%
+4.5 ptssince 2009
from 73.7% in 2009
US average: 68.9%
Carpooled to work
9.3%
−6.3 ptssince 2009
from 15.6% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
11.3%
+8.6 ptssince 2009
from 2.7% in 2009
US average: 15.0%
Walked to work
1.2%
−4.3 ptssince 2009
from 5.5% in 2009
US average: 2.4%
Biked to work
0.0%
−2.5 ptssince 2009
from 2.5% in 2009
US average: 0.4%
No vehicle available
8.9%
+7.0 ptssince 2009
from 1.9% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.3%
−1.3 ptssince 2011
from 4.6% in 2011
US average: 5.2%
Labor force participation
64.3%
−9.9 ptssince 2011
from 74.2% in 2011
US average: 63.5%
Self-employed
3.4%
−7.2 ptssince 2009
from 10.6% in 2009
US average: 13.1%
Management & professional
21.8%
−37.4 ptssince 2009
from 59.2% in 2009
US average: 42.5%
Section 08

People & community

Male
54.1%
−0.7 ptssince 2009
from 54.8% in 2009
Female
45.9%
+0.7 ptssince 2009
from 45.2% in 2009
Foreign born
1.8%
−0.2 ptssince 2009
from 2.0% in 2009
US average: 14.1%
Veterans
10.6%
−37.7 ptssince 2009
from 48.3% in 2009
US average: 6.2%
With a disability
14.3%
+3.9 ptssince 2012
from 10.4% in 2012
US average: 13.3%
Uninsured
7.0%
−83.0 ptssince 2013
from 90.0% in 2013
US average: 8.4%
Broadband at home
89.2%
+18.8 ptssince 2017
from 70.4% in 2017
US average: 91.0%
English only at home
97.5%
−1.0 ptssince 2016
from 98.4% in 2016
US average: 77.7%
Spanish at home
0.0%
−1.2 ptssince 2016
from 1.2% in 2016
US average: 13.6%
Drill deeper

Places similar to Balaton

Berlin
Pop 529
Sopchoppy
Pop 487
Fort White
Pop 665
Coolidge
Pop 558
Places similar to Balaton
Head to head

Compare Balaton to nearby cities

BALATON VS
Marshall
Income$68,566+25%
Home value$210,300+124%
Population14,171+2352%
SEE FULL COMPARISON →
BALATON VS
Worthington
Income$61,797+13%
Home value$210,300+124%
Population13,979+2319%
SEE FULL COMPARISON →
BALATON VS
Brookings
Income$63,493+16%
Home value$265,500+182%
Population25,355+4287%
SEE FULL COMPARISON →
BALATON VS
Brandon
Income$110,806+103%
Home value$336,600+258%
Population11,306+1856%
SEE FULL COMPARISON →
Frequently asked

How many people live in Balaton, Minnesota?

Balaton, Minnesota has about 551 residents according to the 2024 American Community Survey.

What is the median household income in Balaton, Minnesota?

The typical household in Balaton, Minnesota earns about $54,688 a year. Half of households make more than that, and half make less.

Is Balaton, Minnesota expensive?

In Balaton, Minnesota, the median home is worth about $94,000, and the typical rent is about $1,138 a month.

How educated are people in Balaton, Minnesota?

About 15.4% of adults age 25 and over in Balaton, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Balaton, Minnesota?

About 17.7% of people in Balaton, Minnesota live below the federal poverty line.

Has Balaton, Minnesota grown since 1990?

Yes, Balaton, Minnesota has shrunk since 1990. The population has lost about 181 residents, a change of about -25 percent over that period.

Keep going

Explore from here

Up the hierarchy
Minnesota
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Balaton with another place

DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Balaton, Minnesota: demographics, income & housing data · CensusEasy