Balsam Lake, WI Profile: Facts, Map & Data

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Balsam Lake, Wisconsin - Basic Facts

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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.


Neighborhood Data

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Village of Balsam Lake, WI Boundary Map



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Balsam Lake, WI Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 998
Daytime Population: Workers 823
Daytime Population: Residents 544
Total Daytime Population (TDP) 1,367
Ratio TDP/Total Population1 1.37
Population in Households 967
Population in Familes 771
Population in Group Qrtrs 31
Population Density2 460
Diversity Index3 11
 

INCOME

Median Household Income $57,679
Average Household Income $77,558
Per Capita Income $33,338

HOUSING

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
 

HOUSEHOLDS

Total Households 436
Average Household Size 2.22
Family Households 291
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population -0.15% -0.08%
Households 0.06% 0.0%
Families 1.73% -0.07%
Median Household Income   3.2%
Per Capita Income   3.16%

Balsam Lake, WI - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
Total Population # 386 50th
Population Density # 487 37th
Diversity Index # 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.

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