Balsam Lake village, Wisconsin Demographics & Population 2026
As of 2026, Balsam Lake village, Wisconsin has a total population of 819, the 433rd largest city in Wisconsin, with a median household income of $48,468, which is 36% lower than the state average. The poverty rate is 15.7%.
Key Takeaways
- Household income is 36% below the state average, indicating significant economic challenges.
Balsam Lake village Quick Facts
How Balsam Lake village 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: 36 | National average: 60
Education
Educational Attainment (Adults 25+)
Balsam Lake village Rankings in Wisconsin
Explore Wisconsin Rankings
Other Cities in Polk County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Amery city | 2,959 | $71,290 | 5.8% | $164,300 |
| Osceola village | 2,818 | $61,029 | 13.9% | $210,800 |
| St. Croix Falls city | 2,469 | $63,179 | 7.0% | $216,500 |
| Luck village | 1,185 | $69,239 | 9.6% | $145,300 |
| Frederic village | 1,148 | $51,765 | 19.3% | $144,900 |
| Clear Lake village | 1,050 | $73,214 | 16.8% | $172,100 |
| Dresser village | 1,037 | $78,906 | 6.0% | $194,400 |
| Turtle Lake village | 900 | $57,854 | 8.2% | $143,100 |
| Centuria village | 897 | $38,819 | 21.6% | $120,800 |
| Milltown village | 817 | $37,500 | 20.1% | $114,200 |
Cities Similar to Balsam Lake village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Coleman village | 846 | $49,545 | $152,600 | 19.0% | 5.7% |
| Dorchester village | 818 | $54,750 | $142,000 | 10.2% | 14.1% |
| Lone Rock village | 821 | $55,417 | $111,400 | 10.2% | 12.7% |
| Bruce village | 851 | $44,688 | $100,000 | 6.0% | 15.9% |
| Almena village | 749 | $49,250 | $106,100 | 11.0% | 14.2% |
Population Overview
Balsam Lake village is a small community located in Wisconsin, within Polk County. The total population is 819. It ranks as the 433rd most populous out of 807 cities and towns in Wisconsin.
Age Demographics
The median age in Balsam Lake village is 50.6 years. This is 26% higher than the state median of 40.1 years. Only 14.0% of residents are under 18, indicating fewer families with children. 15.6% 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 Balsam Lake village is $48,468. This is 36% lower than the state median of $75,670. Compared to the national median of $78,538, household income here is 38% lower. The poverty rate stands at 15.7%. This is 48% higher than the state poverty rate of 10.6%. The unemployment rate is 7.3%. This is 122% higher than the state rate of 3.3%. The median home value is $188,600. Housing costs are 24% lower than the state median of $247,400. The home-value-to-income ratio is 3.9x. 82.7% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 67.9%.
Race & Ethnicity
Balsam Lake village has a predominantly White (non-Hispanic) population, comprising 92.4% of all residents. Hispanic or Latino residents account for 3.0%. The Black or African American population (1.8%) is well below the state average of 6.0%. The Hispanic or Latino population (3.0%) is well below the state average of 7.8%. The Asian population (1.2%) is well below the state average of 2.9%.
Education
20.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 39% lower than the state rate of 32.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.1%.
Data Sources & Methodology
All demographic data for Balsam Lake village, Wisconsin 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 Wisconsin state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 807 Census-designated places in Wisconsin. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Balsam Lake village, Wisconsin?
Balsam Lake village, Wisconsin has a population of 819 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Balsam Lake village, WI?
The median household income in Balsam Lake village is $48,468, which is 38% lower the national median of $78,538.
What is the poverty rate in Balsam Lake village, WI?
The poverty rate in Balsam Lake village is 15.7%. This means approximately 117 residents live below the federal poverty line.
What is the racial makeup of Balsam Lake village, Wisconsin?
Balsam Lake village's population is 92.4% White, 1.8% Black, 3.0% Hispanic/Latino, and 1.2% Asian.
What is the median home value in Balsam Lake village, WI?
The median home value in Balsam Lake village is $188,600. The home-value-to-income ratio is 3.9x.
How educated is Balsam Lake village, Wisconsin?
20.1% of adults (25+) in Balsam Lake village hold a bachelor's degree or higher, and 5.7% hold a graduate or professional degree.