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Balaton, MN
Full City Profile · Minnesota · Lyon County County
Balaton, MN
At a Glance
How Balaton Compares to the U.S. Average
Each bar shows Balaton's value as a percentage of the national average (100% = U.S. avg)
Is Balaton a Good Place to Live?
Economy & Jobs
Balaton residents earn a median household income of $54,091 , which is 28% below the national average of $75,149. Per capita income is $32,702. The unemployment rate stands at 4.4% (22% above the U.S. rate of 3.6%). 10.1% of residents live below the poverty line. The area is home to 859 business establishments, including 65 restaurants.
Housing & Cost of Living
The median home value in Balaton is $85,000 , 70% below the national median of $281,900. Zillow estimates the typical home at $89,013. Median rent is $1,081/month, with 27.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1948.
Safety & Crime
Balaton reports 253 violent crimes per 100,000 residents , which is 33% below the national average of 380/100K. Property crime is 2,449/100K.
Education
18.1% of adults in Balaton hold a bachelor's degree or higher (46% below the national average). 98.3% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Balaton has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. The area gets 276 sunny days per year. Annual precipitation totals 29.2 inches. Air quality is rated Good with a median AQI of 36.