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
Change Over Time (2013–2023)
Population Change
-7%
628 → 584
over 10 years
Annual Pop. Growth
-0.72%
Compound annual growth rate
Median Income Change
+24%
$43,631 → $54,091
nominal, not inflation-adjusted
Annual Income Growth
+2.17%
Compound annual growth rate
Population Over Time
Total population for Balaton across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
555
-29 from 2023 (584)
Projected Median Income 2030
$62,862
+$8,771 from 2023 ($54,091)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 628 | — | $43,631 | — |
| 2015 | 626 | -0.3% | $45,250 | +3.7% |
| 2017 | 630 | +0.6% | $48,125 | +6.4% |
| 2019 | 627 | -0.5% | $50,313 | +4.5% |
| 2021 | 588 | -6.2% | $53,750 | +6.8% |
| 2023 | 584 | -0.7% | $54,091 | +0.6% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.