Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.8 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 38.2% ≈ Avg |
| Unemployment | 6.4% ▲ 31% above avg |
| No HS Diploma | 16 (0.8%) |
| HS Graduate | 818 (39.2%) |
| Some College | 224 (10.7%) |
| Associates | 230 (11%) |
| Bachelors | 312 (15%) |
| Graduate Degree | 485 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,842 ▼ 12% below avg |
|---|---|
| Median Home Value | $258,000 ≈ Avg |
| Home/Income Ratio | 3.9x (nat avg ~3.5x) |
| Median Rent | $1,047/mo |
| Total Housing Units | 2,175 |
| Vacant Units | 995 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Balsam Lake is a city in Wisconsin, located in Polk County. The city spans 1 ZIP code and is home to approximately 2,911 residents. It is a mature city, with a median age of 46.8 years.
Economically, Balsam Lake is a solidly middle-class community. The median household income of $66,842 is near the national average. Approximately 7.9% of residents live below the poverty line. The unemployment rate is 6.4%, above the national average.
The real estate market in Balsam Lake is a mid-range housing market. Median home values stand at $258,000, which is near the national average. Renters typically pay around $1,047 per month. Homeownership is high at 86.7%, typical of suburban and family-oriented communities.
The population of Balsam Lake is moderately educated. 38.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (91.38%).
Balsam Lake, WI offers residents a cost-conscious lifestyle within Wisconsin.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 54810 | 2,911 | $66,842 | $258,000 | $1,047 | 6.4% | 38.2% | 86.7% |