Balaton city, Minnesota Demographics & Population 2026
As of 2026, Balaton city, Minnesota has a total population of 544, the 480th largest city in Minnesota, with a median household income of $54,091, which is 38% lower than the state average. The poverty rate is 13.3%.
Key Takeaways
- Household income is 38% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
Balaton city Quick Facts
How Balaton city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Balaton city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lyon County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marshall city | 13,880 | $64,636 | 16.9% | $198,900 |
| Tracy city | 1,869 | $60,682 | 9.5% | $110,900 |
| Minneota city | 1,531 | $72,396 | 5.6% | $158,100 |
| Cottonwood city | 1,120 | $90,750 | 8.2% | $180,200 |
| Lynd city | 570 | $79,375 | 32.9% | $170,000 |
| Ghent city | 455 | $72,500 | 7.0% | $154,700 |
| Russell city | 323 | $62,143 | 4.6% | $101,700 |
| Taunton city | 140 | $46,875 | 20.0% | $74,600 |
| Garvin city | 90 | $41,000 | 23.3% | $50,000 |
| Florence city | 29 | $42,500 | 13.8% | $158,300 |
Cities Similar to Balaton city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Ironton city | 557 | $55,536 | $128,300 | 15.1% | 15.4% |
| Kiester city | 544 | $49,167 | $52,600 | 10.9% | 26.5% |
| Cosmos city | 529 | $50,833 | $95,000 | 9.4% | 16.8% |
| Franklin city | 513 | $54,904 | $84,800 | 12.5% | 15.1% |
| Marble city | 588 | $54,688 | $102,700 | 6.4% | 16.2% |
Population Overview
Balaton city is a small community located in Minnesota, within Lyon County. The total population is 544. It ranks as the 480th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Balaton city is 46.7 years. This is 21% higher than the state median of 38.6 years. 11.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Balaton city is $54,091. This is 38% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 31% lower. The poverty rate stands at 13.3%. This is 44% higher than the state poverty rate of 9.2%. The unemployment rate is 6.9%. This is 75% higher than the state rate of 3.9%. The median home value is $85,000. Housing costs are 72% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.6x, Balaton city is one of the most affordable housing markets in the area. 76.2% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 72.4%.
Race & Ethnicity
Balaton city has a predominantly White (non-Hispanic) population, comprising 93.4% of all residents. Hispanic or Latino residents account for 0.5%. The Hispanic or Latino population (0.5%) is well below the state average of 6.2%.
Education
18.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 53% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.3%.
Data Sources & Methodology
All demographic data for Balaton city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
Free data download: Get all Minnesota city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Balaton city, Minnesota?
Balaton city, Minnesota has a population of 544 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Balaton city, MN?
The median household income in Balaton city is $54,091, which is 31% lower the national median of $78,538.
What is the poverty rate in Balaton city, MN?
The poverty rate in Balaton city is 13.3%. This means approximately 69 residents live below the federal poverty line.
What is the racial makeup of Balaton city, Minnesota?
Balaton city's population is 93.4% White, 0.0% Black, 0.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Balaton city, MN?
The median home value in Balaton city is $85,000. The home-value-to-income ratio is 1.6x.
How educated is Balaton city, Minnesota?
18.1% of adults (25+) in Balaton city hold a bachelor's degree or higher, and 3.2% hold a graduate or professional degree.