The Village of Balsam Lake had a population of 998 as of July 1, 2017.
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, 2017.
|Population in Households||967|
|Population in Familes||771|
|Population in Group Qrtrs||31|
|Average Household Size||2.22|
|Average Family Size||3|
|Total Housing Units||732 (100%)|
|Owner Occupied HU||362 (49.5%)|
|Renter Occupied HU||73 ( 10.0%)|
|Vacant Housing Units||296 (40.4%)|
|Median Home Value||$192,063|
|Average Home Value||$242,403|
|Median Household Income||$57,679|
|Average Household Income||$77,558|
|Per Capita Income||$33,338|
|(Compound Annual Growth Rates)|
|Median Household Income||3.2%|
|Per Capita Income||3.16%|
The table below compares Balsam Lake to the other 774 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2017 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||# 386||50th|
|Population Density1||# 487||37th|
|Diversity Index2||# 491||36th|
|Median Household Income||# 298||62nd|
|Per Capita Income||# 130||83rd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.