Balaton, MN
Population 544 · Minnesota
About Balaton, MN
Balaton is a small community in Minnesota with a population of 544 residents. The median household income is $54,091 per year, which is near the national average. The median age in Balaton is 46.7 years.
Housing in Balaton has a median home value of $85,000 and median monthly rent of $1,081. Of the 279 total housing units, the majority are owner-occupied, with 192 owner-occupied and 60 renter-occupied units.
The unemployment rate in Balaton is 6.9% and the poverty rate is 13.3%. 18.1% of residents hold a bachelor's degree or higher. The average commute time is 24.7 minutes.
Cost of Living in Balaton, MN
Compared to national averages, Balaton has a median household income of $54,091 (28% below the national median of $75,149). Home values average $85,000, which is 65% below the national median. Monthly rent at $1,081 is 7% below the US average of $1,163. Within Minnesota, Balaton's income is 27% below the state average of $74,221, and home values are 58% below the state median of $204,472.
Why Live in Balaton, MN?
Balaton offers affordable housing with a median home value of $85,000, below the US average of $244,900, and rent that’s lower than the national average at $1,081/month, and short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($54,091) that falls below the national average. However, Balaton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Balaton has a population of 544 with a median age of 46.7 years. Compare Balaton with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Balaton
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hamburg | 544 | $78,125 | $229,200 | Compare |
| Kiester | 544 | $49,167 | $52,600 | Compare |
| Hill City | 543 | $39,583 | $102,900 | Compare |
| White Earth | 543 | $18,929 | $73,300 | Compare |
| Medicine Lake | 541 | $161,250 | $1,014,500 | Compare |
| Ranier | 541 | $81,389 | $140,400 | Compare |
| Taconite | 541 | $100,089 | $217,900 | Compare |
| Amboy | 553 | $78,214 | $125,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Balaton
What is the population of Balaton, MN?
The population of Balaton, MN is 544 according to the latest Census data.
What is the median household income in Balaton?
The median household income in Balaton, MN is $54,091 per year.
What is the median home value in Balaton?
The median home value in Balaton, MN is $85,000.
What is the average rent in Balaton?
The median monthly rent in Balaton, MN is $1,081.
What is the unemployment rate in Balaton?
The unemployment rate in Balaton, MN is 6.9%.