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Balsam Lake, Wisconsin

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
754
Population
$52,011
Median Income
$210,200
Home Value
55.9
Median Age

Demographics

Balsam Lake has a population of 754 with a median age of 55.9. Here is the racial and ethnic breakdown of the population:

White
92.6%
Hispanic
2.7%
Black
2.0%
Asian
1.7%
Other
1.0%
Demographic Value
Total Population754
Median Age55.9
White92.6%
Black or African American2.0%
Asian1.7%
Hispanic or Latino2.7%
Other / Two or More Races1.0%
Balsam Lake, Wisconsin — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 92.6%Hispanic/Latino: 2.7%Other: 2.7%Black: 2.0%754PopulationWhiteWhite92.6%Hispanic/LatinoHispanic/Latino2.7%OtherOther2.7%BlackBlack2.0%

Income & Economy

The median household income in Balsam Lake is $52,011, which is 35.5% below the national median of $80,610. The per capita income is $38,537. The poverty rate is 11.2%.

$52,011
Median Household Income
$38,537
Per Capita Income
11.2%
Poverty Rate

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Education

In Balsam Lake, 89.9% of residents age 25+ have a high school diploma or higher, and 17.7% hold a bachelor's degree or higher (5.5% with a graduate or professional degree).

HS Diploma+
89.9%
Bachelor's+
17.7%
Graduate+
5.5%
Education Level % of Adults (25+)
High School Diploma or Higher89.9%
Bachelor's Degree or Higher17.7%
Graduate or Professional Degree5.5%

Housing

The median home value in Balsam Lake is $210,200, below the national median of $303,400. The median monthly rent is $975. The homeownership rate is 80.7%.

$210,200
Median Home Value
$975/mo
Median Rent
80.7%
Homeownership Rate
Housing Metric Value
Median Home Value$210,200
Median Monthly Rent$975
Homeownership Rate80.7%
Vacancy Rate40.3%

Salaries in Wisconsin

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Frequently Asked Questions

What is the population of Balsam Lake, Wisconsin?
The population of Balsam Lake, Wisconsin is 754 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Balsam Lake, Wisconsin?
The median household income in Balsam Lake, Wisconsin is $52,011. This is 35.5% below the national median of $80,610.
What is the median home value in Balsam Lake, Wisconsin?
The median home value in Balsam Lake, Wisconsin is $210,200. The median monthly rent is $975.
What percentage of people in Balsam Lake have a college degree?
In Balsam Lake, Wisconsin, 17.7% of adults age 25 and older hold a bachelor's degree or higher, and 89.9% have a high school diploma or higher.
Is Balsam Lake, Wisconsin an affordable place to live?
The home price-to-income ratio in Balsam Lake, Wisconsin is 4.0x (median home value $210,200 vs. median income $52,011), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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