Balaton, MN
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Balaton, MN: Quick Facts & Overview
- Population: 551 residents (147 people per sq. mi.)
- Average House Price: $114,054
- Average Household Income: $54,688
Balaton, MN is located in the state of Minnesota. It is home to about 551 people, with around 147 residents living in every square mile.
If you want to buy a house in Balaton, the average price is around $114,054. That makes local housing 56% lower than the Minnesota average of $260,056, and 63% lower than the national average of $308,592.
The average household in Balaton earns about $54,688 a year. This income is 33% lower than the average family in Minnesota ($82,068), and 30% lower than the national average ($78,686).
Population
551
Median Household Income
$54,688
Median Home Value
$114,054
Median Age
48.6 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $33,947 |
| Labor Force Participation | 64.3% |
| Unemployment Rate | 3.3% |
| Average Commute Time | 27.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 74.9% |
| Median Rent | $1,138 |
| Rent Burdened (>30% Income) | 40.5% |
| Total Housing Units | 259 |
Additional Census & Housing Profile
Geographic Overview
| County | Lyon |
| County FIPS | 27083 |
| Metro Area (CBSA) | Marshall, MN |
| Population Density | 146.6/sq mi |
| Coordinates (lat/lng) | 44.2331, -95.8707 |
| Timezone | America/Chicago |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 2.76 |
| Dual Income Families | 53.8% |
Marital Status
| Married | 55.4% |
| Never Married | 20.6% |
| Divorced | 15.2% |
| Widowed | 8.9% |
Gender
| Male | 54.1% |
| Female | 45.9% |
Health & Poverty
| Uninsured Rate (Health) | 7.0% |
| Poverty Rate | 17.7% |
Key Population Groups
| Veterans | 10.6% |
| Disabled Population | 14.3% |
| Limited English Proficiency | - |
All ZIP Codes in Balaton
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 56115 | 1,123 | $64,000 | $186,207 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Garvin, MN | 5.6 miles | 114 |
| Russell, MN | 7.1 miles | 346 |
| The Lakes, MN | 10.5 miles | 594 |
| Lynd, MN | 11.4 miles | 428 |
| Ruthton, MN | 12.2 miles | 222 |
| Tracy, MN | 12.6 miles | 2,057 |
| Tyler, MN | 13.5 miles | 1,090 |
| Currie, MN | 15.1 miles | 220 |
| Marshall, MN | 15.4 miles | 13,896 |
| Lake Wilson, MN | 16.9 miles | 237 |
| Slayton, MN | 17.7 miles | 2,141 |
| Holland, MN | 18.9 miles | 292 |
| Woodstock, MN | 19 miles | 200 |
| Ghent, MN | 19.3 miles | 439 |
| Walnut Grove, MN | 19.9 miles | 808 |
| Milroy, MN | 20.2 miles | 203 |
| Lake Benton, MN | 20.8 miles | 794 |
| Chandler, MN | 21.3 miles | 331 |
| Iona, MN | 22.4 miles | 214 |
| Avoca, MN | 22.6 miles | 100 |
| Minneota, MN | 23.4 miles | 1,594 |
| Ivanhoe, MN | 24.7 miles | 609 |
| Westbrook, MN | 25.2 miles | 792 |
| Lucan, MN | 25.7 miles | 220 |
| Taunton, MN | 26.7 miles | 128 |
| Pipestone, MN | 27.3 miles | 4,129 |
| Edgerton, MN | 27.9 miles | 1,104 |
| Cottonwood, MN | 27.9 miles | 1,061 |
| Fulda, MN | 28.5 miles | 1,393 |
| Leota, MN | 28.9 miles | 169 |
| Vesta, MN | 29.4 miles | 311 |
| Lamberton, MN | 29.9 miles | 917 |
| Elkton, SD | 30.1 miles | 977 |
| Storden, MN | 30.4 miles | 244 |
| Seaforth, MN | 31.5 miles | 100 |
| Porter, MN | 31.9 miles | 191 |
| Wilmont, MN | 32.4 miles | 280 |
| Wabasso, MN | 32.6 miles | 603 |
| Wanda, MN | 33 miles | 104 |
| Wood Lake, MN | 33.3 miles | 368 |
| Hendricks, MN | 33.4 miles | 517 |
| Lismore, MN | 33.7 miles | 233 |
| Hanley Falls, MN | 34 miles | 248 |
| St. Leo, MN | 34.6 miles | 153 |
| Echo, MN | 34.8 miles | 197 |
| Hardwick, MN | 35.6 miles | 235 |
| Jeffers, MN | 35.7 miles | 368 |
| Sanborn, MN | 36.7 miles | 299 |
| Belview, MN | 37.2 miles | 362 |
| Jasper, MN | 37.3 miles | 818 |
| Flandreau, SD | 38.3 miles | 2,392 |
| Canby, MN | 38.7 miles | 1,556 |
| Clarkfield, MN | 38.7 miles | 913 |
| Astoria, SD | 40.2 miles | 142 |
| Aurora, SD | 40.5 miles | 1,444 |
| Heron Lake, MN | 40.7 miles | 593 |
| White, SD | 40.8 miles | 484 |
| Adrian, MN | 41.6 miles | 1,236 |
| Clements, MN | 41.6 miles | 109 |
| Egan, SD | 41.8 miles | 194 |
| Magnolia, MN | 42 miles | 215 |
| Brewster, MN | 42.2 miles | 687 |
| Rushmore, MN | 42.5 miles | 362 |
| Boyd, MN | 42.7 miles | 172 |
| Granite Falls, MN | 43.2 miles | 2,685 |
| Luverne, MN | 43.6 miles | 4,925 |
| Redwood Falls, MN | 43.7 miles | 5,068 |
| Okabena, MN | 43.8 miles | 210 |
| Worthington, MN | 43.9 miles | 13,780 |
| Springfield, MN | 44 miles | 2,125 |
| Toronto, SD | 44.7 miles | 238 |
| Windom, MN | 44.8 miles | 4,799 |
| Trent, SD | 45.1 miles | 341 |
| Brookings, SD | 45.5 miles | 23,948 |
| Sacred Heart, MN | 45.8 miles | 481 |
| Garretson, SD | 47.7 miles | 1,176 |
| Morgan, MN | 48.4 miles | 925 |
| Gary, SD | 48.4 miles | 246 |
| Comfrey, MN | 48.7 miles | 338 |
| Dawson, MN | 48.9 miles | 1,513 |
| Morton, MN | 49 miles | 384 |
| Beaver Creek, MN | 49.4 miles | 293 |
| Ellsworth, MN | 49.8 miles | 428 |
| Colman, SD | 49.9 miles | 948 |
| Montevideo, MN | 50.2 miles | 5,315 |
| Dell Rapids, SD | 50.5 miles | 3,905 |
| Maynard, MN | 50.5 miles | 234 |
| Renville, MN | 50.6 miles | 1,503 |
| Mountain Lake, MN | 51 miles | 2,070 |