Balsam Lake, WI
Full City Profile · Wisconsin · Polk County County
3.3
/5.0
B
Good
819
Population
367/sq mi density
$48,468
Median Income
$33,205 per capita
$188,600
Home Value
$430,207 Zillow
$1,063
Median Rent
33.1% income on rent
44°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$48,468 median income, 7.3% unemployment
A
Affordability
4.5 / 5.0
$188,600 home value, $1,063/mo rent
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher
Income Overview
Median Household Income
$48,468
36% below
US avg: $75,149
Per Capita Income
$33,205
15% below
US avg: $39,052
Unemployment Rate
7.3%
103% above
US avg: 3.6%
Poverty Rate
11.8%
5% below
US avg: 12.4%
Income Comparison: Balsam Lake vs. U.S. Average
Each bar shows Balsam Lake’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$48,468
64%
Per Capita
US: $39,052
$33,205
85%
IRS Avg AGI
US: $72,000
$72,536
101%
Avg Weekly Wage
US: $1,432
$919
64%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$919
36% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
7.2%
53% below US avg (15.2%)
Drive Alone
74.6%
2% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,185M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
74.6%
Public Transit
0%
Work From Home
7.2%
Other
18.2%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,311
Restaurants
136
Healthcare
106
Retail
164
Manufacturing
95
Tax & Financial
IRS Avg Adjusted Gross Income
$72,536
1% above US avg ($72,000)
Avg Property Tax
$5,702
63% above US avg ($3,500)
Cost of Living Index
94.1
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $48,468 |
| Per Capita Income | $33,205 |
| IRS Avg Adjusted Gross Income | $72,536 |
| Avg Weekly Wage | $919 |
| County GDP | $2,185M |
Hardship Indicators
| Unemployment Rate | 7.3% |
| Poverty Rate | 11.8% |
| Gini Coefficient | 0.401 |
| Cost of Living Index | 94.1 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 74.6% |
| Public Transit | 0.0% |
| Work From Home | 7.2% |
Businesses
| Total Establishments | 1,311 |
| Restaurants | 136 |
| Healthcare | 106 |
| Retail | 164 |
| Manufacturing | 95 |
Tax
| IRS Avg AGI | $72,536 |
| Avg Property Tax | $5,702 |