Balaton, MN
Full City Profile · Minnesota · Lyon County County
3.5
/5.0
B+
Good
544
Population
375/sq mi density
$54,091
Median Income
$32,702 per capita
$85,000
Home Value
$104,503 Zillow
$1,081
Median Rent
27.1% income on rent
45°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$54,091 median income, 6.9% unemployment
A+
Affordability
5.0 / 5.0
$85,000 home value, $1,081/mo rent
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Population Overview
Total Population
544
Census 2023
Population Density
375
per square mile
Land Area
1.6
square miles (4.1 km²)
Median Age
46.7 yrs
20% above US avg (38.9 yrs)
Gender Distribution
54.2%
Male
45.8%
Female
Race & Ethnicity
| White | 93.4% US: 61.6% |
| Black | 0% US: 12.4% |
| Hispanic | 0.6% US: 18.7% |
| Asian | 0% US: 5.9% |
| Other | 6% |
City vs. U.S. Average
White
93.4%
Black
0%
Hispanic
0.6%
Asian
0%
Thin line = U.S. average
Language Spoken at Home
| English Only | 98.8% US: 78.5% |
| Spanish | 1.4% US: 13.4% |
City vs. U.S. Average
English Only
98.8%
Spanish
1.4%
Thin line = U.S. average
Social Characteristics
Foreign Born
0.0%
Veterans
11.0%
83% above US avg (6%)
Disability
13.5%
4% above US avg (13%)
Health Insurance Coverage
92.3%
1% above US avg (91.4%)
Uninsured
7.7%
10% below US avg (8.6%)
Income Inequality (Gini)
0.452
US avg: 0.490 (0 = perfect equality, 1 = max inequality)
Complete Demographics Data
Population
| Total Population | 544 |
| Population Year | 2023 |
| Population Density | 375 / sq mi |
| Land Area | 1.6 sq mi |
| Median Age | 46.7 years |
Gender
| Male | 54.2% |
| Female | 45.8% |
Race & Ethnicity
| White | 93.4% |
| Black or African American | 0.0% |
| Hispanic or Latino | 0.6% |
| Asian | 0.0% |
Language
| English Only | 98.8% |
| Spanish | 1.4% |
Social Indicators
| Foreign Born | 0.0% |
| Veterans | 11.0% |
| Disability | 13.5% |
| Health Insurance | 92.3% |
| Uninsured | 7.7% |
| Broadband Access | 92.5% |
| Gini Coefficient | 0.452 |
Classification
| USDA Rural-Urban Code | 7, Nonmetro / Urban 2.5K-20K |