All Countries
Balaton, MN
Full City Profile · Minnesota · Lyon County County
3.0
/5.0
B
Good
544
Population
375/sq mi density
$54,091
Median Income
$32,702 per capita
$85,000
Home Value
$89,013 Zillow
$1,081
Median Rent
27.1% income on rent
45°F
Avg Temperature
276 sunny days/yr
253
Violent Crime/100K
2,449 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$54,091 median income, 4.4% unemployment
A+
Affordability
5.0 / 5.0
$85,000 home value, $1,081/mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Income Overview
Median Household Income
$54,091
28% below
US avg: $75,149
Per Capita Income
$32,702
16% below
US avg: $39,052
Unemployment Rate
4.4%
22% above
US avg: 3.6%
Poverty Rate
10.1%
19% below
US avg: 12.4%
Income Comparison: Balaton vs. U.S. Average
Each bar shows Balaton’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$54,091
72%
Per Capita
US: $39,052
$32,702
84%
IRS Avg AGI
US: $72,000
$74,952
104%
Avg Weekly Wage
US: $1,432
$1,017
71%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,017
29% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
8.1%
47% below US avg (15.2%)
Drive Alone
78.9%
8% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,100M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
78.9%
Public Transit
0%
Work From Home
8.1%
Other
13%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
859
Restaurants
65
Healthcare
130
Retail
119
Manufacturing
28
Tax & Financial
IRS Avg Adjusted Gross Income
$74,952
4% above US avg ($72,000)
Avg Property Tax
$3,674
5% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $54,091 |
| Per Capita Income | $32,702 |
| IRS Avg Adjusted Gross Income | $74,952 |
| Avg Weekly Wage | $1,017 |
| County GDP | $2,100M |
Hardship Indicators
| Unemployment Rate | 4.4% |
| Poverty Rate | 10.1% |
| Gini Coefficient | 0.452 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 78.9% |
| Public Transit | 0.0% |
| Work From Home | 8.1% |
Businesses
| Total Establishments | 859 |
| Restaurants | 65 |
| Healthcare | 130 |
| Retail | 119 |
| Manufacturing | 28 |
Tax
| IRS Avg AGI | $74,952 |
| Avg Property Tax | $3,674 |