Balaton, Minnesota Population 2024

582

Balaton is a city located in Lyon County and Murray County Minnesota. Balaton has a 2024 population of 582. Balaton is currently declining at a rate of -0.17% annually and its population has decreased by -1.02% since the most recent census, which recorded a population of 588 in 2020.

The average household income in Balaton is $60,936 with a poverty rate of 15.47%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Balaton is 39.1 years, 33.5 years for males, and 46 years for females.

Balaton Demographics

According to the most recent ACS, the racial composition of Balaton was:

  • White: 93.25%
  • Two or more races: 6.02%
  • Other race: 0.73%
  • Black or African American: 0%
  • Native American: 0%
  • Asian: 0%
  • Native Hawaiian or Pacific Islander: 0%
Land Area (mi²)
1.5 sq mi
Density (mi²)
401.10/sq mi
Growth Since 2020
-1.02% (-6)
The current population of Balaton, Minnesota is 582 based on our projections of the latest US Census estimates.The last official US Census in 2020 recorded the population at 588.

Balaton, Minnesota Population 2024

Population by Race

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Race
Population
Percentage (of total)
White51193.25%
Two or more races336.02%
Other race40.73%
Black or African American00%
Native American00%
Asian00%
Native Hawaiian or Pacific Islander00%

White

Two or more races

Other race

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Balaton Population by Race

Balaton Population Pyramid 2024

Balaton Median Age

39.1

Total

33.5

Male

46

Female

Balaton Adults

There are 427 adults, (129 of whom are seniors) in Balaton.

Balaton Age Dependency

83.9

Age Dependency Ratio

43.3

Old Age Dependency Ratio

40.6

Child Dependency Ratio

Balaton Sex Ratio

Female25245.99%
Male29654.01%

Balaton Population by Age

Balaton Renter vs Owner Occupied by Household Type

Household Type
Count
Average Size
Owner
Renter
All2422.1473.626.4
Married1112.65919
Non Family971.162.937.1
Female203.154060
Male143.7957.142.9

2.63

Average Family Size

2.14

Average Household Size

73.6%

Rate of Home Ownership

Married

Male

Female

NonFamily

owner

renter

Balaton Households and Families

Male

Female

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Education Attained
Count
Percentage
Less Than 9th Grade41.01%
9th to 12th Grade102.53%
High School Graduate15037.88%
Some College12130.56%
Associates Degree4210.61%
Bachelors Degree6215.66%
Graduate Degree71.77%

Less Than 9th Grade

9th to 12th Grade

High School Graduate

Some College

Associates Degree

Bachelors Degree

Graduate Degree

Balaton Educational Attainment by Sex (over 25)

Balaton Educational Attainment by Race

High School Graduation Rate

Bachelors Rate

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Race
Total
High School
Bachelors
White38937569
2+ Races770

The highest rate of high school graduation is among 2+ races people with a rate of 100%.

The highest rate of bachelors degrees is among white people with a rate of 17.74%.

Balaton Educational Attainment by Race

All

Male

Female

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Name
Average
Male
Female
Overall$35,750$39,250$33,333
Less Than 9th Grade$0$0$0
High School Graduate$30,469$32,292$26,250
Some College$36,406$45,000$33,036
Bachelors Degree$52,917$50,000$71,875
Graduate Degree$0$0$0

$35,750

Average Earnings

$39,250

Average Male

$33,333

Average Female

Balaton Earnings by Educational Attainment

Balaton Language by Age

Only English

Spanish

Other Indo-European Languages

Asian and Pacific Island Languages

Other Languages

Balaton Language

98.62% of Balaton residents speak only English, while 1.38% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.79% of the population.

Balaton Language

Balaton Poverty by Race

rate

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Name
Total
In Poverty
Poverty Rate
White4808016.67%

15.47%

Overall Poverty Rate

15.25%

Male Poverty Rate

15.74%

Female Poverty Rate

Poverty in Balaton

The race most likely to be in poverty in Balaton is White, with 16.67% below the poverty level.

The race least likely to be in poverty in Balaton is White, with 16.67% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 5.17%. Among those working part-time, it was 13.79%, and for those that did not work, the poverty rate was 22.12%.

Balaton Poverty

rate

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Rate
Poverty
High School22.79%
Some College7.64%
Bachelors or Greater3.45%
Less Than 9th Grade0%

Balaton Poverty Rate by Education

rate

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Rate
Poverty
Male Unemployed28.57%
Male Employed9.72%
Female Employed4.63%
Female Unemployed0%

Balaton Poverty Rate by Employment Status and Sex

Balaton Income by Household Type

Households

Families

MarriedFamilies

NonFamilies

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Name
Median
Mean
Households$53,333$60,936
Families$75,625$73,936
Married Families$85,938$-999,999,999
Non Families$27,361$34,559

mean

median

Income by Household Type

Balaton Marital Status

Married

Widowed

Divorced

Separated

NeverMarried

Marriage Rates

50.5%

Overall Marriage Rate

48.9%

Male Marriage Rate

52.2%

Female Marriage Rate

Balaton Married by Age and Sex

male

female

Balaton Marriage

The age group where males are most likely to be married is 45-54, while the female age group most likely to be married is 45-54.

Balaton Marital Status by Race

Married

Widowed

Divorced

Separated

NeverMarried

Balaton Marital Status

Second Gulf War

First Gulf War

Vietnam

Korea

World War II

39

Number of Veterans

37

Male Veterans

2

Female Veterans

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War
Veterans
Vietnam27
Second Gulf War4
First Gulf War4
World War II2
Korea0

Balaton Veterans by War

count

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Age Group
Veterans
65 to 7419
75+12
55 to 644
18 to 342
35 to 542

Balaton Veterans by Age

count

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Name
Veterans
% of Total
White399.38%

Balaton Veterans by Race

Balaton Veterans by Education

Less Than 9th Grade

High School Graduate

Some College

Bachelors or Greater

0%

Veteran Poverty Rate

15.38%

Veteran Disability Rate

Balaton Veterans by Education

LaborForceParticipation

62.9%

Labor Force Participation

58.1%

Employment Rate

7.7%

Unemployment Rate

Balaton Employment by Age

LaborForceParticipation

Balaton Employment by Race

LaborForceParticipation

Balaton Employment by Education

Origin of Non-Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

Europe

Asia

Africa

Oceania

Latin America

North America

75.55%

Born in Balaton

100%

Native Born

0%

Foreign Born

0%

Non Citizen

0%

Naturalized

Place of Birth

100% of Balaton residents were born in the United States, with 75.55% having been born in Minnesota. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.

Balaton Place of Birth

Note: data after 2022 is projected based on recent change

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Year
Population
Growth
Growth Rate
2029574-2-0.35%
2028576-1-0.17%
2027577-2-0.35%
2026579-1-0.17%
2025580-2-0.34%
2024582-1-0.17%
2023583-2-0.34%
2022585-4-0.68%
202158910.17%
2020588-39-6.22%
201962710.16%
2018626-4-0.63%
2017630-1-0.16%
201663150.8%
2015626-3-0.48%
201462910.16%
2013628-7-1.1%
2012635-5-0.78%
201164000%
201064000%

Balaton Population by Year