Balaton, MN Profile: Facts & Data

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Balaton, Minnesota - Basic Facts

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.

Jump to... (On This Page!)
  1. Balaton 2018 Demographic Data
  2. Growth Rates for Balaton (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Balaton, MN Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 678
Population in Households 666
Population in Familes 525
Population in Group Qrtrs 12
Population Density2 466
Diversity Index3 11
 

INCOME

Median Household Income $48,873
Average Household Income $59,317
Per Capita Income $25,057

HOUSING

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
 

HOUSEHOLDS

Total Households 288
Average Household Size 2.31
Family Households 184
Average Family Size 3
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  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

2010-2018 2018-2023
Population 0.64% 0.58%
Households 0.65% 0.62%
Families 1.11% 0.54%
Median Household Income   1.26%
Per Capita Income   2.94%

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, 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.

Variable Description Rank Percentile
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.

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