Balaton is a city located in Lyon County Minnesota. With a 2020 population of 624, it is the 450th largest city in Minnesota and the 12371st largest city in the United States . Balaton is currently declining at a rate of 0.00% annually and its population has decreased by -2.95% since the most recent census, which recorded a population of 643 in 2010. Balaton reached it's highest population of 640 in 2010. Spanning over 2 miles, Balaton has a population density of 430 people per square mile.
The average household income in Balaton is $54,633 with a poverty rate of 17.97%. The median rental costs in recent years comes to $573 per month, and the median house value is $72,500. The median age in Balaton is 40 years, 39.4 years for males, and 44.5 years for females.