Balsam Lake vs Frederic

A side-by-side comparison of Balsam Lake and Frederic: population, income, housing, and more.

Balsam Lake and Frederic are places in Wisconsin. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Frederic has the higher population (1,148 vs 819 in Balsam Lake). Frederic has the higher median household income ($51,765 vs $48,468 in Balsam Lake). Balsam Lake has the higher median home value ($188,600 vs $144,900 in Frederic).

Population, income & housing

	Balsam Lake	Frederic
Population	819	1,148
Median age	50.6 yrs	45.8 yrs
Median household income	$48,468	$51,765
Median home value	$188,600	$144,900
Median gross rent	$1,063	$836
Housing units	641	499
Homeownership rate	82.7%	63.9%
Bachelor's degree or higher	20.1%	14.8%
Unemployment rate	7.3%	0.4%

Trends (ACS 5-year, 2019–2023)

	Balsam Lake	Frederic
Population	800 → 819 (+2.4%)	1,099 → 1,148 (+4.5%)
Median household income	$40,968 → $48,468 (+18.3%)	$37,411 → $51,765 (+38.4%)
Median home value	$133,500 → $188,600 (+41.3%)	$101,800 → $144,900 (+42.3%)
Median gross rent	$822 → $1,063 (+29.3%)	$635 → $836 (+31.7%)

Balsam Lake

Population

800819

Median household income

$40,968$48,468

Median home value

$133,500$188,600

Median gross rent

$822$1,063

Frederic

Population

1,0991,148

Median household income

$37,411$51,765

Median home value

$101,800$144,900

Median gross rent

$635$836

Age & race/ethnicity

Age distribution (share)

	Balsam Lake	Frederic
Under 5	2.4%	4.2%
5 to 17	11.6%	15.6%
18 to 24	7.0%	9.5%
25 to 34	14.9%	8.6%
35 to 44	11.8%	11.3%
45 to 54	7.4%	8.4%
55 to 64	13.8%	19.0%
65 to 74	15.4%	7.1%
75 and over	15.6%	16.2%

Race & ethnicity (share)

	Balsam Lake	Frederic
White (non-Hispanic)	92.4%	92.8%
Black or African American	1.8%	0.7%
American Indian & Alaska Native	0.1%	0.0%
Asian	1.2%	1.6%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	1.3%	0.8%
Hispanic or Latino	3.1%	4.2%

Educational attainment (age 25+)

Share of adults 25+

	Balsam Lake	Frederic
No high school diploma	11.9%	4.8%
High school graduate	34.9%	47.8%
Some college or associate's	33.1%	32.6%
Bachelor's degree	14.4%	8.6%
Graduate or professional degree	5.7%	6.2%

Commute to work

How workers get to work (share)

	Balsam Lake	Frederic
Drove alone	74.6%	73.7%
Carpooled	6.9%	16.6%
Public transit	0.0%	0.6%
Walked	10.3%	6.3%
Bicycle	0.0%	0.0%
Worked from home	7.2%	2.8%
Other means	1.0%	0.0%

Housing

Units in structure (share)

	Balsam Lake	Frederic
1-unit, detached	73.0%	77.2%
1-unit, attached	2.3%	1.0%
2 to 4 units	2.7%	3.8%
5 to 19 units	4.8%	10.8%
20 or more units	0.0%	6.6%
Mobile home & other	17.2%	0.6%

Poverty & households

	Balsam Lake	Frederic
Poverty rate	15.7%	19.3%
Average household size	1.99	2.35
Mean commute (minutes)	25	29
Median year structure built	1978	1966