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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
Top Industries in Balaton (14)
County-level employment data (BLS QCEW). Sorted by employment.
Retail Trade
1,767 jobs
112 firms
$32,959/yr
Manufacturing
1,756 jobs
41 firms
$61,892/yr
Finance & Insurance
969 jobs
47 firms
$78,448/yr
Accommodation & Food Services
948 jobs
62 firms
$19,444/yr
Wholesale Trade
592 jobs
42 firms
$76,977/yr
Management of Companies
488 jobs
6 firms
$66,258/yr
Construction
456 jobs
101 firms
$67,884/yr
Administrative & Waste Services
362 jobs
34 firms
$42,742/yr
Other Services
317 jobs
74 firms
$38,451/yr
Professional & Technical Services
285 jobs
42 firms
$74,524/yr
Agriculture & Forestry
179 jobs
30 firms
$56,752/yr
Arts & Entertainment
159 jobs
13 firms
$13,411/yr
Real Estate
114 jobs
18 firms
$33,545/yr
Information & Technology
55 jobs
14 firms
$34,977/yr
Industry Specialization (Location Quotient)
LQ > 1.0 means the industry is more concentrated here than the national average.
Management of Companies
2.10
Finance & Insurance
1.73
Agriculture & Forestry
1.61
Manufacturing
1.55
Retail Trade
1.29
Wholesale Trade
1.09
Accommodation & Food Services
0.76
Other Services
0.76
Arts & Entertainment
0.69
Construction
0.63
Real Estate
0.53
Administrative & Waste Services
0.45
Professional & Technical Services
0.30
Information & Technology
0.21
Thin line = national average (1.0)
Complete Industry Data
| Industry | Employment | Establishments | Avg Weekly Wage | Avg Annual Pay | LQ |
|---|---|---|---|---|---|
| Retail Trade | 1,767 | 112 | $634 | $32,959 | 1.29 |
| Manufacturing | 1,756 | 41 | $1,190 | $61,892 | 1.55 |
| Finance & Insurance | 969 | 47 | $1,509 | $78,448 | 1.73 |
| Accommodation & Food Services | 948 | 62 | $374 | $19,444 | 0.76 |
| Wholesale Trade | 592 | 42 | $1,480 | $76,977 | 1.09 |
| Management of Companies | 488 | 6 | $1,274 | $66,258 | 2.10 |
| Construction | 456 | 101 | $1,305 | $67,884 | 0.63 |
| Administrative & Waste Services | 362 | 34 | $822 | $42,742 | 0.45 |
| Other Services | 317 | 74 | $739 | $38,451 | 0.76 |
| Professional & Technical Services | 285 | 42 | $1,433 | $74,524 | 0.30 |
| Agriculture & Forestry | 179 | 30 | $1,091 | $56,752 | 1.61 |
| Arts & Entertainment | 159 | 13 | $258 | $13,411 | 0.69 |
| Real Estate | 114 | 18 | $645 | $33,545 | 0.53 |
| Information & Technology | 55 | 14 | $673 | $34,977 | 0.21 |