Balaton vs Minnesota Lake
Side-by-side comparison
How does Balaton, MN compare to Minnesota Lake, MN? Balaton has a population of 544 with a median household income of $54,091, while Minnesota Lake has 621 residents and a median income of $62,875. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Balaton, MN | Minnesota Lake, MN | Difference |
|---|---|---|---|
| Population | 544 | 621 | -12.4% |
| Median Age | 46.7 | 45.5 | +2.6% |
| Foreign Born % | 0% | 0% | — |
| Metric | Balaton | Minnesota Lake | Difference |
|---|---|---|---|
| Median Income | $54,091 | $62,875 | -14.0% |
| Unemployment | 6.9% | 3.9% | +76.9% |
| Poverty Rate | 13.3% | 12.1% | +9.9% |
| Bachelor's+ | 18.1% | 18.7% | -3.2% |
| Metric | Balaton | Minnesota Lake | Difference |
|---|---|---|---|
| Home Value | $85,000 | $126,600 | -32.9% |
| Median Rent | $1081/mo | $950/mo | +13.8% |
| Housing Units | 279 | 312 | -10.6% |