CensusEasy
CITY · 2020 ACS

Balsam Lake

Wisconsin · 934 residents · 2.225 sq mi
Time machine
COMPARE TO
Compare
The short version

Balsam Lake has notably lower household income than the US average, with a median household income of $41,908. Population has held roughly steady since 2000. 17% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has risen by half since 2000, reaching $127,600. With a median age of 50.6, the population is older than the US median of 38.8. Households here earn about 34% less than the Wisconsin median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 50.6
US median: 38.8
Less educated
17% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
934
−2%since 2000
from 950 in 2000
1990 – 2025
Population density
420 / sq mi
−2%since 2000
from 427 / sq mi in 2000
US average: 280
Median age
50.6
+11%since 2000
from 45.5 in 2000
US average: 38.8
Population, 1990 – 2024
7298058829581K1990201020202024Balsam Lake
2024754
1990201020202024
Section 02

Income & economy

Median household income
$41,908
−19%inflation adjusted, since 2000
from $34,276 in 2000
US average: $66,278
1990 – 2024
Per capita income
$25,725
+31%since 2000
from $19,576 in 2000
US average: $35,364
Households earning $100K+
25.0%
+7.1 ptssince 2009
from 17.9% in 2009
US average: 43.9%
Poverty rate
22.1%
+14.4 ptssince 2000
from 7.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade22%
US avg: 10%
Wholesale trade10.6%
US avg: 6.7%
Other services8%
US avg: 6.6%
Information5.7%
US avg: 11.1%
Transportation & warehousing4.6%
US avg: 2.5%
Public administration4%
US avg: 4.7%
Finance & insurance2.6%
US avg: 5.5%
Professional, scientific, technical2.6%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$127,600
+12%inflation adjusted, since 2000
from $75,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$829
+42%inflation adjusted, since 2000
from $388 in 2000
US average: $1,124
Owner-occupied
73.4%
−2.3 ptssince 2000
from 75.7% in 2000
26.6% rent
Afford Score
3.0
+38%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Balsam Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic95.7%(909)
Black0%(0)
Hispanic / Latino0.4%(4)
Asian0.2%(2)
Other0%
Diversity Score1.6%(15)
2020
White, non-Hispanic93.8%(876)
Black0.6%(6)
Hispanic / Latino1.6%(15)
Asian0.2%(2)
Other1%(10)
Diversity Score8.8%(82)
Diversity Score
9
+437%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
17.3%
+5.6 ptssince 2000
from 11.6% in 2000
US average: 32.9%
High school or higher
86.8%
+3.1 ptssince 2000
from 83.7% in 2000
US average: 88.5%
Graduate degree
4.2%
+0.2 ptssince 2000
from 4.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
25.2 min
−6%since 2000
from 26.8 min in 2000
US average: 26.9
Drive alone to work
80.4%
−4.2 ptssince 2009
from 84.6% in 2009
US average: 75.1%
No vehicle available
3.4%
+2.6 ptssince 2009
from 0.7% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
11.8%
+1.3 ptssince 2011
from 10.5% in 2011
US average: 5.4%
Labor force participation
52.0%
−4.5 ptssince 2011
from 56.5% in 2011
US average: 63.4%
Management & professional
24.3%
−29.5 ptssince 2009
from 53.8% in 2009
US average: 39.3%
Section 08

People & community

Male
56.5%
+7.7 ptssince 2009
from 48.8% in 2009
Female
43.5%
−7.7 ptssince 2009
from 51.2% in 2009
Foreign born
0.0%
−2.3 ptssince 2009
from 2.3% in 2009
US average: 13.5%
Uninsured
8.7%
−80.2 ptssince 2013
from 88.9% in 2013
US average: 8.8%
Drill deeper

Places similar to Balsam Lake

Southport
Pop 873
Page Park
Pop 917
Paradise Heights
Pop 877
Penney Farms
Pop 835
Places similar to Balsam Lake
Head to head

Compare Balsam Lake to nearby cities

BALSAM LAKE VS
New Richmond
Income$88,157+110%
Home value$285,100+123%
Population10,988+1063%
SEE FULL COMPARISON →
BALSAM LAKE VS
North Branch
Income$90,456+116%
Home value$322,300+153%
Population12,398+1212%
SEE FULL COMPARISON →
BALSAM LAKE VS
Wyoming
Income$107,565+157%
Home value$365,700+187%
Population8,121+759%
SEE FULL COMPARISON →
BALSAM LAKE VS
Forest Lake
Income$92,944+122%
Home value$393,500+208%
Population20,952+2117%
SEE FULL COMPARISON →
Frequently asked

How many people live in Balsam Lake, Wisconsin?

Balsam Lake, Wisconsin has about 934 residents according to the 2020 American Community Survey.

What is the median household income in Balsam Lake, Wisconsin?

The typical household in Balsam Lake, Wisconsin earns about $41,908 a year. Half of households make more than that, and half make less.

Is Balsam Lake, Wisconsin expensive?

In Balsam Lake, Wisconsin, the median home is worth about $127,600, and the typical rent is about $829 a month.

How educated are people in Balsam Lake, Wisconsin?

About 17.3% of adults age 25 and over in Balsam Lake, Wisconsin hold a bachelor's degree or higher.

What is the poverty rate in Balsam Lake, Wisconsin?

About 22.1% of people in Balsam Lake, Wisconsin live below the federal poverty line.

Has Balsam Lake, Wisconsin grown since 1990?

Yes, Balsam Lake, Wisconsin has grown since 1990. The population has added about 163 residents, a change of about 21 percent over that period.

Keep going

Explore from here

Up the hierarchy
Wisconsin
Rankings
Highest income citiesFastest growing citiesMost educated cities
Compare
Compare Balsam Lake with another place

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

How we source and harmonize this data →