Balaton vs Florence

A side-by-side comparison of Balaton and Florence: population, income, housing, and more.

Balaton and Florence are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Balaton has the higher population (544 vs 29 in Florence). Balaton has the higher median household income ($54,091 vs $42,500 in Florence). Florence has the higher median home value ($158,300 vs $85,000 in Balaton).

Population, income & housing

	Balaton	Florence
Population	544	29
Median age	46.7 yrs	29.9 yrs
Median household income	$54,091	$42,500
Median home value	$85,000	$158,300
Median gross rent	$1,081	—
Housing units	279	13
Homeownership rate	76.2%	75.0%
Bachelor's degree or higher	18.1%	16.7%
Unemployment rate	6.9%	0.0%

Trends (ACS 5-year, 2019–2023)

	Balaton	Florence
Population	600 → 544 (-9.3%)	28 → 29 (+3.6%)
Median household income	$50,313 → $54,091 (+7.5%)	$38,125 → $42,500 (+11.5%)
Median home value	$72,500 → $85,000 (+17.2%)	$135,900 → $158,300 (+16.5%)
Median gross rent	$573 → $1,081 (+88.7%)	—

Balaton

Population

600544

Median household income

$50,313$54,091

Median home value

$72,500$85,000

Median gross rent

$573$1,081

Florence

Population

2829

Median household income

$38,125$42,500

Median home value

$135,900$158,300

Age & race/ethnicity

Age distribution (share)

	Balaton	Florence
Under 5	6.8%	3.4%
5 to 17	14.7%	34.5%
18 to 24	3.5%	0.0%
25 to 34	18.4%	17.2%
35 to 44	4.8%	6.9%
45 to 54	13.2%	0.0%
55 to 64	14.0%	0.0%
65 to 74	13.2%	6.9%
75 and over	11.4%	31.0%

Race & ethnicity (share)

	Balaton	Florence
White (non-Hispanic)	93.4%	100.0%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	0.0%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	6.1%	0.0%
Hispanic or Latino	0.6%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Balaton	Florence
No high school diploma	1.7%	27.8%
High school graduate	36.8%	38.9%
Some college or associate's	43.4%	16.7%
Bachelor's degree	15.0%	16.7%
Graduate or professional degree	3.2%	0.0%

Commute to work

How workers get to work (share)

	Balaton	Florence
Drove alone	78.9%	100.0%
Carpooled	12.2%	0.0%
Public transit	0.0%	0.0%
Walked	0.8%	0.0%
Bicycle	0.0%	0.0%
Worked from home	8.1%	0.0%
Other means	0.0%	0.0%

Housing

Units in structure (share)

	Balaton	Florence
1-unit, detached	93.9%	100.0%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.7%	0.0%
5 to 19 units	1.1%	0.0%
20 or more units	4.3%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Balaton	Florence
Poverty rate	13.3%	13.8%
Average household size	2.06	3.63
Mean commute (minutes)	25	—
Median year structure built	1950	1938