The City of Balaton had a population of 678 as of July 1, 2018.
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.
Alternate Unofficial Names for Balaton: City of Balaton.
|Population in Households||666|
|Population in Familes||525|
|Population in Group Qrtrs||12|
|Median Household Income||$48,873|
|Average Household Income||$59,317|
|Per Capita Income||$25,057|
|Total Housing Units||324 (100%)|
|Owner Occupied HU||239 (73.8%)|
|Renter Occupied HU||49 (15.1%)|
|Vacant Housing Units||36 (11.1%)|
|Median Home Value||$87,329|
|Average Home Value||$120,021|
|Average Household Size||2.31|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.26%|
|Per Capita Income||2.94%|
The table below compares Balaton to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2018 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.
|Total Population||# 441||51st|
|Population Density||# 517||43rd|
|Diversity Index||# 597||34th|
|Median Household Income||# 654||28th|
|Per Capita Income||# 752||17th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.