Balsam township

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

Balsam township is located in Itasca County, Minnesota. Balsam township has a 2025 population of 559. Balsam township is currently growing at a rate of 0.36% annually and its population has increased by 1.45% since the most recent census, which recorded a population of 551 in 2020.

The average household income in Balsam township is $95,284 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.

Demographics

The racial composition of Balsam township includes 95.05% White, and smaller percentages for Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander, other race and multiracial populations.

Population by Race

White

Two or more races

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Other race

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%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%
Other race	0	0%

Balsam township Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

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%.

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