Minnesota · Census place 03250
Balaton city, MN
Quick answer
Balaton city has 544 residents, ranking #480 of 914 places in Minnesota. Median household income is $54,091, the median home is worth $85,000 and median gross rent runs $1,081 a month.
- Population
- 544Balaton city residents
- Median household income
- $54,091Past 12 months, inflation adjusted
- Median home value
- $85,000Owner-occupied units
- Median gross rent
- $1,081Rent plus utilities, monthly
- Median age
- 46.7 yrsAll residents
- Homeownership rate
- 76.2%Owner-occupied households
What the numbers mean in Balaton city
Housing cost measured against local earnings.
A household earning the Balaton city median would spend about 24% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.3% of residents and 76.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Ironton city 557
- Claremont city 554
- Amboy city 553
- Hamburg city 544
- Kiester city 544
- Hill City city 543
- White Earth CDP 543
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