The Village of Balsam Lake had a population of 987 as of July 1, 2020.
The primary coordinate point for Balsam Lake is located at latitude 45.4522 and longitude -92.4546 in Polk County. The formal boundaries for the Village of Balsam Lake 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.
|Total Population||987 (100%)|
|Population in Households||958 (97.1%)|
|Population in Families||761 (77.1%)|
|Population in Group Quarters1||29 ( 2.9%)|
|Median Household Income||$62,287|
|Average Household Income||$86,896|
|% of Income for Mortgage4||14%|
|Per Capita Income||$37,380|
|Total HU (Housing Units)||755 (100%)|
|Owner Occupied HU||359 (47.5%)|
|Renter Occupied HU||78 (10.3%)|
|Vacant Housing Units||318 (42.1%)|
|Median Home Value||$211,979|
|Average Home Value||$245,682|
|Housing Affordability Index3||178|
|Average Household Size||2.19|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.64%|
|Per Capita Income||2.42%|
|Owner Occupied HU||0.22%|
The table below compares Balsam Lake to the other 778 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2020 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||# 390||50th|
|Population Density||# 484||38th|
|Median Household Income||# 295||62nd|
|Housing Affordability Index||# 296||38th|
|Per Capita Income||# 124||84th|
|Diversity Index||# 513||33rd|
Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.