Balsam Flag

Balsam

County:
Itasca County
County Seat:
No
Area (mi²):
72.497
State:
Minnesota

Balsam is located in Itasca County, Minnesota. Balsam has a 2025 population of 583 . Balsam is currently declining at a rate of -0.17% annually but its population has increased by 0.69% since the most recent census, which recorded a population of 579 in 2020.

The average household income in Balsam is $95,284 with a poverty rate of 13.87%. The median age in Balsam is 57.7 years: 57 years for males, and 61 years for females. For every 100 females there are 112.6 males.

583
Total Population
8
Density (mi²)
-1 -0.17%
Growth

Balsam Population

Balsam Population

Data after 2023 is projected based on recent change

Demographics

The racial composition of Balsam includes 95.05% White, and smaller percentages for Black or African American, Native American and multiracial populations.

Population by Race

White (95.05%)

Two or more races (3.58%)

Black or African American (0.69%)

Native American (0.69%)

Race
Population
Percentage (of total)
White69195.05%
Two or more races263.58%
Black or African American50.69%
Native American50.69%

Balsam Marital Status

OverallMalesFemales0%10%20%30%40%50%60%70%80%90%100%

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Balsam's average per capita income is $34,688. Household income levels show a median of $75,250. The poverty rate stands at 13.87%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.
Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.
Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.
Name
Median
Mean
Families$91,667$112,681
Married Families$80,938-
Households$75,250$95,284
Non Families$27,917$44,632

$34,688

Average Income

$75,250

Median Household Income

13.87%

Poverty Rate

Nearby Cities

Sources

  1. US Census State Population Estimates - Most recent state estimates from the Census Bureau's Population Estimates Program
  2. US Census County Population Estimates - Most recent county estimates from the Census Bureau's Population Estimates Program
  3. American Community Survey (2009 - 2013)
  4. Census QuickFacts
  5. Historical Populations of States and Counties (1790 - 1990)