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CITY · 2010 ACS

Balaton

Minnesota · 643 residents · 1.451 sq mi
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Part of the Marshall micropolitan area
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The short version

Balaton has lower-than-average household income, with a median household income of $39,716. Population has held roughly steady since 2000. 16% of adults hold a bachelor's degree or higher, below the national rate of 28%. Median home value has risen by half since 2000, reaching $65,000. Households here earn about 31% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $52,703
Mid-age
median age 37.9
US median: 37.2
Less educated
16% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
643
+1%since 2000
from 637 in 2000
1990 – 2025
Population density
443 / sq mi
+1%since 2000
from 439 / sq mi in 2000
US average: 261
Median age
37.9
+4%since 2000
from 36.4 in 2000
US average: 37.2
Population, 1990 – 2024
5015696377057731990201020202024Balaton
2024551
1990201020202024
Section 02

Income & economy

Median household income
$39,716
−14%inflation adjusted, since 2000
from $36,442 in 2000
US average: $52,703
1990 – 2024
Per capita income
$17,314
+7%since 2000
from $16,167 in 2000
US average: $27,286
Households earning $100K+
7.9%
−0.7 ptssince 2009
from 8.6% in 2009
US average: 33.3%
Poverty rate
15.8%
+9.8 ptssince 2000
from 6.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.291
US average: 0.461
Workforce by industry, 2010
Retail trade13.9%
US avg: 10.9%
Information12.3%
US avg: 11.5%
Finance & insurance8.7%
US avg: 5.1%
Professional, scientific, technical8.7%
US avg: 4.2%
Wholesale trade7.2%
US avg: 7.2%
Other services5%
US avg: 7%
Public administration4.3%
US avg: 4.9%
Transportation & warehousing4.1%
US avg: 3.1%
Agriculture, forestry, fishing2.6%
US avg: 1.9%
Construction2.6%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 2.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$65,000
+24%inflation adjusted, since 2000
from $41,400 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$363
−32%inflation adjusted, since 2000
from $421 in 2000
US average: $853
Owner-occupied
48.7%
−31.4 ptssince 2000
from 80.1% in 2000
20.1% rent
Vacancy rate
7.4%
−0.3 ptssince 2009
from 7.7% in 2009
US average: 12.1%
Owner cost-burdened
21.2%
−2.6 ptssince 2009
from 23.9% in 2009
US average: 30.9%
Renter cost-burdened
42.9%
−3.6 ptssince 2009
from 46.4% in 2009
US average: 46.8%
Afford Score
1.6
+44%since 2000
from 1.1 in 2000
1990 – 2024
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)
2010
White, non-Hispanic96%(617)
Black0.5%(3)
Hispanic / Latino1.7%(11)
Asian0%(0)
Other6.2%(40)
Diversity Score18.7%(120)
Diversity Score
19
+856%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
16.2%
+3.1 ptssince 2000
from 13.1% in 2000
US average: 27.9%
High school or higher
90.1%
+4.7 ptssince 2000
from 85.4% in 2000
US average: 84.9%
Graduate degree
3.1%
+0.9 ptssince 2000
from 2.2% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
22.1 min
+78%since 2000
from 12.4 min in 2000
US average: 25.2
Drive alone to work
71.6%
−2.1 ptssince 2009
from 73.7% in 2009
US average: 76.2%
Carpooled to work
16.3%
+0.7 ptssince 2009
from 15.6% in 2009
US average: 10.4%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 4.7%
Worked from home
5.0%
+2.3 ptssince 2009
from 2.7% in 2009
US average: 4.1%
Walked to work
4.3%
−1.1 ptssince 2009
from 5.5% in 2009
US average: 2.8%
Biked to work
2.6%
+0.2 ptssince 2009
from 2.5% in 2009
US average: 0.5%
No vehicle available
1.6%
−0.3 ptssince 2009
from 1.9% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
10.1%
−0.5 ptssince 2009
from 10.6% in 2009
US average: 12.9%
Management & professional
21.2%
−38.0 ptssince 2009
from 59.2% in 2009
US average: 35.2%
Section 08

People & community

Male
53.0%
−1.8 ptssince 2009
from 54.8% in 2009
Female
47.0%
+1.8 ptssince 2009
from 45.2% in 2009
Foreign born
1.8%
−0.2 ptssince 2009
from 2.0% in 2009
US average: 12.8%
Veterans
14.8%
−33.4 ptssince 2009
from 48.3% in 2009
US average: 9.9%
Drill deeper

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Compare Balaton to nearby cities

BALATON VS
Marshall
Income$68,566+73%
Home value$210,300+224%
Population14,171+2352%
SEE FULL COMPARISON →
BALATON VS
Worthington
Income$61,797+56%
Home value$210,300+224%
Population13,979+2319%
SEE FULL COMPARISON →
BALATON VS
Brookings
Income$63,493+60%
Home value$265,500+308%
Population25,355+4287%
SEE FULL COMPARISON →
BALATON VS
Brandon
Income$110,806+179%
Home value$336,600+418%
Population11,306+1856%
SEE FULL COMPARISON →
Frequently asked

How many people live in Balaton, Minnesota?

Balaton, Minnesota has about 643 residents according to the 2010 American Community Survey.

What is the median household income in Balaton, Minnesota?

The typical household in Balaton, Minnesota earns about $39,716 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 $65,000, and the typical rent is about $363 a month.

How educated are people in Balaton, Minnesota?

About 16.2% 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 15.8% 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 89 residents, a change of about -12 percent over that period.

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

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