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Balsam Lake, WI
Full City Profile · Wisconsin · Polk County County
Balsam Lake, WI
At a Glance
How Balsam Lake Compares to the U.S. Average
Each bar shows Balsam Lake's value as a percentage of the national average (100% = U.S. avg)
Is Balsam Lake a Good Place to Live?
Economy & Jobs
Balsam Lake residents earn a median household income of $48,468 , which is 36% below the national average of $75,149. Per capita income is $33,205. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). 11.8% of residents live below the poverty line. The area is home to 1,311 business establishments, including 136 restaurants.
Housing & Cost of Living
The median home value in Balsam Lake is $188,600 , 33% below the national median of $281,900. Zillow estimates the typical home at $398,059. Median rent is $1,063/month, with 33.1% of renters spending more than 30% of income on housing. The cost of living index is 94.1 (100 = national average). The median home was built in 1977.
Safety & Crime
Balsam Lake reports 414 violent crimes per 100,000 residents , which is 9% above the national average of 380/100K. Property crime is 1,965/100K. The murder rate is 0.0/100K.
Education
20.1% of adults in Balsam Lake hold a bachelor's degree or higher (40% below the national average). 88.1% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Balsam Lake has an average annual temperature of 44°F (6°C). Winters average 13°F in January while summers reach 70°F in July. The area gets 270 sunny days per year. Annual precipitation totals 34.5 inches. Air quality is rated Good with a median AQI of 38.