Balsam is located in Aitkin County, Minnesota. Balsam has a 2025 population of 33 . Balsam is currently growing at a rate of 3.13% annually and its population has increased by 10% since the most recent census, which recorded a population of 30 in 2020.
The average household income in Balsam is $54,383 with a poverty rate of 0%. The median age in Balsam is 68 years: 77.2 years for males, and 67.5 years for females. For every 100 females there are 61.9 males.
Data after 2023 is projected based on recent change
The racial composition of Balsam includes 94.12% White, and smaller percentages for and multiracial populations.
White (94.12%)
Two or more races (5.88%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 32 | 94.12% |
| Two or more races | 2 | 5.88% |
Married
Widowed
Divorced
Separated
Never Married
Balsam's average per capita income is $0. Household income levels show a median of $49,375. The poverty rate stands at 0%.
Name | Median | Mean |
|---|---|---|
| Married Families | $67,500 | - |
| Families | $52,500 | $60,400 |
| Households | $49,375 | $54,383 |
| Non Families | - | $42,367 |
Average Income
Median Household Income
Poverty Rate