The Village of Balsam Lake had a population of 999 as of July 1, 2016.
The primary coordinate point for Balsam Lake is located at latitude 45.4687 and longitude -92.4537 in Polk County. The formal boundaries for the Village of Balsam Lake (see map below) encompass a land area of 2.17 sq. miles and a water area of 1.23 sq. miles. Polk County is in the Central time zone (GMT -6). The elevation is 1,161 feet.
The Village of Balsam Lake (GNIS ID: 1582745) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Balsam Lake population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.
|Population in Households||968|
|Population in Familes||774|
|Population in Group Qrtrs||31|
|Average Household Size||2.21|
|Average Family Size||3|
|Total Housing Units||743 (100%)|
|Owner Occupied HU||368 (49.5%)|
|Renter Occupied HU||71 ( 9.6%)|
|Vacant Housing Units||304 (40.9%)|
|Median Home Value||$189,407|
|Average Home Value||$236,789|
|Median Household Income||$53,178|
|Average Household Income||$70,393|
|Per Capita Income||$30,507|
|(Compound Annual Growth Rates)|
|Median Household Income||2.47%|
|Per Capita Income||2.22%|
The table below compares Balsam Lake to the other 774 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 387||50th|
|Population Density1||# 486||37th|
|Diversity Index2||# 492||37th|
|Median Household Income||# 321||59th|
|Per Capita Income||# 155||80th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.