Balaton

Population: 544
Median household income: $54,091
Median home value: $85,000

Balaton, a community in Lyon County, Minnesota, has 544 residents. Its median household income of $54,091 runs below the Lyon County figure of $72,761.

From 2019 to 2023, Balaton's population declined 9.3% from 600 to 544, while its median home value rose 17.2% from $72,500 to $85,000.

Households average 2.06 people. The median gross rent is $1,081.

Demographics

ACS 2019–2023

Population: 544
Median age: 46.7 yrs
Median household income: $54,091
Median home value: $85,000
Median gross rent: $1,081
Housing units: 279
Homeownership rate: 76.2%
Bachelor's degree or higher: 18.1%
Unemployment rate: 6.9%

Trends

ACS 5-year · 2019–2023

Population

600544

Median household income

$50,313$54,091

Median home value

$72,500$85,000

Median gross rent

$573$1,081

Year	Population	Median household income	Median home value	Median gross rent
2019	600	$50,313	$72,500	$573
2020	601	$50,000	$75,300	$694
2021	568	$53,750	$81,000	$875
2022	548	$53,333	$83,600	$1,025
2023	544	$54,091	$85,000	$1,081

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.8%

5 to 1714.7%

18 to 243.5%

25 to 3418.4%

35 to 444.8%

45 to 5413.2%

55 to 6414.0%

65 to 7413.2%

75 and over11.4%

	Count	Share
Under 5	37	6.8%
5 to 17	80	14.7%
18 to 24	19	3.5%
25 to 34	100	18.4%
35 to 44	26	4.8%
45 to 54	72	13.2%
55 to 64	76	14.0%
65 to 74	72	13.2%
75 and over	62	11.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	508	93.4%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	33	6.1%
Hispanic or Latino (any race)	3	0.6%

Educational attainment (age 25+)

No high school diploma1.7%

High school graduate36.8%

Some college or associate's43.4%

Bachelor's degree15.0%

Graduate or professional degree3.2%

	Count	Share
No high school diploma	7	1.7%
High school graduate	150	36.8%
Some college or associate's	177	43.4%
Bachelor's degree	61	15.0%
Graduate or professional degree	13	3.2%

Commute to work

Mean travel time to work: 25 min

Drove alone78.9%

Carpooled12.2%

Public transit0.0%

Walked0.8%

Bicycle0.0%

Worked from home8.1%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	194	78.9%
Carpooled	30	12.2%
Public transit	0	0.0%
Walked	2	0.8%
Bicycle	0	0.0%
Worked from home	20	8.1%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	41	18.1%
15 to 29 min	136	60.2%
30 to 44 min	36	15.9%
45 to 59 min	0	0.0%
60+ min	13	5.8%

Households

Average household size: 2.06
Poverty rate: 13.3% (69 of 520)

	Count	Share
Family households	139	55.2%
Nonfamily households	113	44.8%

Housing

Median year structure built: 1950

Occupancy

	Count	Share
Occupied	252	90.3%
Vacant	27	9.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	192	76.2%
Renter-occupied	60	23.8%

1-unit, detached93.9%

1-unit, attached0.0%

2 to 4 units0.7%

5 to 19 units1.1%

20 or more units4.3%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	262	93.9%
1-unit, attached	0	0.0%
2 to 4 units	2	0.7%
5 to 19 units	3	1.1%
20 or more units	12	4.3%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2703250
Type (LSAD): 25
Land area: 1.45 sq mi
Water area: 0.13 sq mi
Center point: 44.2329, -95.8711