Balsam township is located in Itasca County, Minnesota. Balsam township has a 2026 population of 584. Balsam township is currently declining at a rate of -0.17% annually but its population has increased by 0.86% since the most recent census, which recorded a population of 579 in 2020.
The median household income in Balsam township is $75,250 with a poverty rate of 13.87%. The median age in Balsam township is 57.7 years: 57 years for males, and 61 years for females. For every 100 females there are 112.6 males.
Data after 2023 is projected based on recent change
The racial composition of Balsam township includes 95.05% White, and smaller percentages for Black or African American, Native American and multiracial populations.
White (95.05%)
Two or more races (3.58%)
Black or African American (0.69%)
Native American (0.69%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 691 | 95.05% |
| Two or more races | 26 | 3.58% |
| Black or African American | 5 | 0.69% |
| Native American | 5 | 0.69% |
Married
Widowed
Divorced
Separated
Never Married
Balsam township's average per capita income is $34,688. Household income levels show a median of $75,250. The poverty rate stands at 13.87%.
Name | Median | Mean |
|---|---|---|
| Families | $91,667 | $112,681 |
| Married Families | $80,938 | - |
| Households | $75,250 | $95,284 |
| Non Families | $27,917 | $44,632 |
Average Income
Median Household Income
Poverty Rate