The Village of Balsam Lake had a population of 1,011 as of July 1, 2018.
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.
|Population in Households||980|
|Population in Familes||775|
|Population in Group Qrtrs||31|
|Median Household Income||$56,696|
|Average Household Income||$75,955|
|Per Capita Income||$32,682|
|Total Housing Units||732 (100%)|
|Owner Occupied HU||363 (49.6%)|
|Renter Occupied HU||79 (10.8%)|
|Vacant Housing Units||290 (39.6%)|
|Median Home Value||$201,531|
|Average Home Value||$243,006|
|Average Household Size||2.22|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.55%|
|Per Capita Income||3.03%|
The table below compares Balsam Lake to the other 774 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2018 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 Density||# 485||37th|
|Diversity Index||# 490||37th|
|Median Household Income||# 323||58th|
|Per Capita Income||# 173||78th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.