Balsam Lake is a city located in Polk County Wisconsin. Balsam Lake has a 2024 population of 907. It is also the county seat of Polk County. Balsam Lake is currently declining at a rate of -0.87% annually and its population has decreased by -3.41% since the most recent census, which recorded a population of 939 in 2020.
The average household income in Balsam Lake is $63,764 with a poverty rate of 15.52%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Balsam Lake is 41.7 years, 39.4 years for males, and 51.8 years for females.
According to the most recent ACS, the racial composition of Balsam Lake was:
White
Other race
Black or African American
Two or more races
Native American
Asian
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 378 | 2.02 | 75.4 | 24.6 |
| Non Family | 198 | 1.14 | 71.2 | 28.8 |
| Married | 130 | 2.85 | 86.9 | 13.1 |
| Female | 34 | 3.76 | 52.9 | 47.1 |
| Male | 16 | 2.38 | 81.3 | 18.8 |
2.84
Average Family Size
2.02
Average Household Size
75.4%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
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 19.34%.
All
Male
Female
$40,066
Average Earnings
$41,974
Average Male
$30,139
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
98.65% of Balsam Lake residents speak only English, while 1.35% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 0.74% of the population.
rate
15.52%
Overall Poverty Rate
14.07%
Male Poverty Rate
17.07%
Female Poverty Rate
The race most likely to be in poverty in Balsam Lake is Hispanic, with 69.23% below the poverty level.
The race least likely to be in poverty in Balsam Lake is White, with 14.66% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 7.96%. Among those working part-time, it was 12.74%, and for those that did not work, the poverty rate was 22.58%.
Married
Widowed
Divorced
Separated
NeverMarried
39.2%
Overall Marriage Rate
36.3%
Male Marriage Rate
42.9%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 45-54.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
28.13%
Veteran Disability Rate
LaborForceParticipation
49.2%
Labor Force Participation
45.3%
Employment Rate
7.8%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
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.
Europe
Asia
Africa
Oceania
Latin America
North America
58.39%
Born in Balsam Lake
100%
Native Born
0%
Foreign Born
0%
Non Citizen
0%
Naturalized
100% of Balsam Lake residents were born in the United States, with 58.39% having been born in Wisconsin. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 867 | -8 | -0.91% |
| 2028 | 875 | -8 | -0.91% |
| 2027 | 883 | -8 | -0.9% |
| 2026 | 891 | -8 | -0.89% |
| 2025 | 899 | -8 | -0.88% |
| 2024 | 907 | -8 | -0.87% |
| 2023 | 915 | -8 | -0.87% |
| 2022 | 923 | 7 | 0.76% |
| 2021 | 916 | -23 | -2.45% |
| 2020 | 939 | -41 | -4.18% |
| 2019 | 980 | -2 | -0.2% |
| 2018 | 982 | 0 | 0% |
| 2017 | 982 | 2 | 0.2% |
| 2016 | 980 | -11 | -1.11% |
| 2015 | 991 | 2 | 0.2% |
| 2014 | 989 | 15 | 1.54% |
| 2013 | 974 | -19 | -1.91% |
| 2012 | 993 | -7 | -0.7% |
| 2011 | 1,000 | -8 | -0.79% |
| 2010 | 1,008 | 0 | 0% |