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The total population of Balaton is estimated to be 548 with 296 males (54.01%) and 252 females (45.99%). There are 44 less females than males in Balaton.
The median household income in Balaton was $58,099 in 2021, which marked an an increase of 1,442(2.55%) from $56,657 in 2020. This income is 77.87% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Balaton sees its highest median household income among householders in the age group of 25 to 44 years old, at $66,318. Overall, the median household income for the city of Balaton stands at $58,099.
In Balaton, the median income for all workers aged 15 years and older, regardless of work hours, was $38,701 for males and $27,135 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,494 for males and $41,210 for females.
In Balaton, population is primarily represented by White households, reporting a median income of $63,053.
In 2022, the population of Balaton was 585, a 0.68% decrease year-by-year from 2021. Previously, in 2021, Balaton's population was 589, an increase of 0.17% compared to a population of 588 in 2020.
The median age in Balaton, MN is 39.1, as per 2021 ACS 5-Year Estimates. Of the total population, 22.18% were under the age of 15, 14.26% aged 15 to 29, 40.32% aged 30 to 64, 19.37% aged 65 to 84, and 3.87% were 85 years of age and older.
Racial distribution of Balaton population: 94.37% are White, 0.35% are some other race and 5.28% are multiracial.