Balaton, MN Profile: Facts, Map & Data

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Balaton, Minnesota - Basic Facts

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The City of Balaton had a population of 666 as of July 1, 2017.

The primary coordinate point for Balaton is located at latitude 44.2329 and longitude -95.8711 in Lyon County. The formal boundaries for the City of Balaton (see map below) encompass a land area of 1.45 sq. miles and a water area of 0.13 sq. miles. Lyon County is in the Central time zone (GMT -6). The elevation is 1,542 feet.

The City of Balaton (GNIS ID: 2394053) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Balaton population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Balaton: City of Balaton.


Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.

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City of Balaton, MN Boundary Map



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Boundary Maps: Lyon County | Minnesota Counties

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Balaton, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 666
Daytime Population: Workers 203
Daytime Population: Residents 308
Total Daytime Population (TDP) 511
Ratio TDP/Total Population1 0.77
Population in Households 655
Population in Familes 518
Population in Group Qrtrs 11
Population Density2 458
Diversity Index3 10
 

INCOME

Median Household Income $44,970
Average Household Income $56,860
Per Capita Income $23,954

HOUSING

Total Housing Units 316 (100%)
Owner Occupied HU 228 (72.2%)
Renter Occupied HU 54 (17.1%)
Vacant Housing Units 34 (10.8%)
Median Home Value $85,345
Average Home Value $119,978
 

HOUSEHOLDS

Total Households 282
Average Household Size 2.32
Family Households 180
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 0.49% 0.53%
Households 0.45% 0.49%
Families 0.96% 0.55%
Median Household Income   3.18%
Per Capita Income   3.89%

Balaton, MN - Peer Comparisons by Rank and Percentile

The table below compares Balaton to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 444 51st
Population Density # 519 43rd
Diversity Index # 632 30th
Median Household Income # 709 22nd
Per Capita Income # 769 15th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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