Balsam township is located in Itasca County, Minnesota. Balsam township has a 2026 population of 582. Balsam township is currently declining at a rate of -0.17% annually but its population has increased by 0.52% since the most recent census, which recorded a population of 579 in 2020.
The median household income in Balsam township is $82,292 with a poverty rate of 18.67%. The median age in Balsam township is 51.1 years: 47.4 years for males, and 54.8 years for females. For every 100 females there are 119.9 males.
Data after 2023 is projected based on recent change
Overall: 51.1 years
Female: 54.8 years
Male: 47.4 years
There are 638 adults, (241 of whom are seniors) in Balsam township.
Female: 356 (45.5%)
Male: 427 (54.5%)
The racial composition of Balsam township includes 92.85% White, and smaller percentages for other race, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 727 | 92.85% |
| Two or more races | 43 | 5.49% |
| Other race | 7 | 0.89% |
| Native American | 6 | 0.77% |
Balsam township 's average per capita income is $33,688. Household income levels show a median of $82,292. The poverty rate stands at 18.67%.
| Name | Median ↓ | Mean |
|---|---|---|
| Families | $108,542 | $116,197 |
| Married Families | $107,708 | - |
| Households | $82,292 | $100,980 |
| Non Families | $27,500 | $44,583 |
Average Income
Median Household Income
Poverty Rate