Balsam Lake is a village located in Polk County Wisconsin. Balsam Lake has a 2024 population of 916. It is also the county seat of Polk County. Balsam Lake is currently declining at a rate of -0.65% annually and its population has decreased by -2.45% since the most recent census, which recorded a population of 939 in 2020.
The average household income in Balsam Lake is $65,030 with a poverty rate of 15.66%. The median age in Balsam Lake is 50.6 years: 40.9 years for males, and 55.3 years for females.
According to the most recent ACS, the racial composition of Balsam Lake was:
Race | Population | Percentage (of total) |
|---|---|---|
| White | 768 | 93.77% |
| Black or African American | 15 | 1.83% |
| Other race | 14 | 1.71% |
| Two or more races | 11 | 1.34% |
| Asian | 10 | 1.22% |
| Native American | 1 | 0.12% |
| Native Hawaiian or Pacific Islander | 0 | 0% |
White
Black or African American
Other race
Two or more races
Asian
Native American
Native Hawaiian or Pacific Islander
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 382 | 1.99 | 82.7 | 17.3 |
| Non Family | 195 | 1.07 | 76.4 | 23.6 |
| Married | 150 | 2.77 | 93.3 | 6.7 |
| Female | 26 | 4.08 | 73.1 | 26.9 |
| Male | 11 | 2.73 | 72.7 | 27.3 |
2.75
Average Family Size
1.99
Average Household Size
82.7%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Education Attained | Count | Percentage |
|---|---|---|
| 9th to 12th Grade | 66 | 10.2% |
| Associates Degree | 88 | 13.6% |
| Bachelors Degree | 93 | 14.37% |
| Graduate Degree | 37 | 5.72% |
| High School Graduate | 226 | 34.93% |
| Less Than 9th Grade | 11 | 1.7% |
| Some College | 126 | 19.47% |
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
Race | Total | High School | Bachelors |
|---|---|---|---|
| White | 600 | 535 | 127 |
| Black | 15 | 13 | 0 |
| Hispanic | 14 | 4 | 0 |
| 2+ Races | 10 | 10 | 0 |
| Other Race | 10 | 4 | 0 |
| Asian | 7 | 7 | 3 |
| Native American | 1 | 1 | 0 |
The highest rate of high school graduation is among native american people with a rate of 100%.
The highest rate of bachelors degrees is among asian people with a rate of 42.86%.
All
Male
Female
Name | Average | Male | Female |
|---|---|---|---|
| Bachelors Degree | $0 | $81,250 | $18,889 |
| Graduate Degree | $0 | $236,250 | $0 |
| High School Graduate | $35,000 | $47,083 | $11,932 |
| Less Than 9th Grade | $0 | $0 | $0 |
| Overall | $38,125 | $48,750 | $30,278 |
| Some College | $42,500 | $40,833 | $46,667 |
$38,125
Average Earnings
$48,750
Average Male
$30,278
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.75% of Balsam Lake residents speak only English, while 2.25% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 0.88% of the population.
rate
Name | Total | In Poverty | Poverty Rate |
|---|---|---|---|
| White | 718 | 109 | 15.18% |
| Hispanic | 14 | 7 | 50% |
| Native | 1 | 1 | 100% |
15.66%
Overall Poverty Rate
10.28%
Male Poverty Rate
20.67%
Female Poverty Rate
The race most likely to be in poverty in Balsam Lake is Native, with 100% below the poverty level.
The race least likely to be in poverty in Balsam Lake is White, with 15.18% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 5.26%. Among those working part-time, it was 15.65%, and for those that did not work, the poverty rate was 19.53%.
rate
Rate | Poverty |
|---|---|
| High School | 27.59% |
| Less Than 9th Grade | 19.44% |
| Bachelors or Greater | 7.69% |
| Some College | 4.39% |
rate
Rate | Poverty |
|---|---|
| Female Employed | 22.22% |
| Male Employed | 2.42% |
| Male Unemployed | 0% |
| Female Unemployed | 0% |
Households
Families
MarriedFamilies
NonFamilies
Name | Median | Mean |
|---|---|---|
| Families | $62,083 | $86,756 |
| Households | $48,468 | $65,030 |
| Married Families | $80,000 | $-999,999,999 |
| Non Families | $29,798 | $41,978 |
mean
median
Married
Widowed
Divorced
Separated
NeverMarried
46.4%
Overall Marriage Rate
44.3%
Male Marriage Rate
48.7%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 55-64.
Married
Widowed
Divorced
Separated
NeverMarried
Second Gulf War
First Gulf War
Vietnam
Korea
World War II
38
Number of Veterans
35
Male Veterans
3
Female Veterans
War | Veterans |
|---|---|
| Vietnam | 16 |
| Second Gulf War | 8 |
| First Gulf War | 6 |
| Korea | 3 |
| World War II | 0 |
count
Age Group | Veterans |
|---|---|
| 65 to 74 | 12 |
| 75+ | 12 |
| 35 to 54 | 9 |
| 18 to 34 | 5 |
| 55 to 64 | 0 |
count
Name | Veterans | % of Total |
|---|---|---|
| White | 38 | 5.78% |
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
41.67%
Veteran Disability Rate
LaborForceParticipation
44.4%
Labor Force Participation
41.1%
Employment Rate
7.3%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
49.57%
Born in Balsam Lake
99.63%
Native Born
0.37%
Foreign Born
0%
Non Citizen
0.37%
Naturalized
99.63% of Balsam Lake residents were born in the United States, with 49.57% having been born in Wisconsin. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Asia.
Year | Population | Growth | Change |
|---|---|---|---|
| 2029 | 888 | -5 | -0.56% |
| 2028 | 893 | -6 | -0.67% |
| 2027 | 899 | -6 | -0.66% |
| 2026 | 905 | -5 | -0.55% |
| 2025 | 910 | -6 | -0.66% |
| 2024 | 916 | -6 | -0.65% |
| 2023 | 922 | 1 | 0.11% |
| 2022 | 921 | 8 | 0.88% |
| 2021 | 913 | -26 | -2.77% |
| 2020 | 939 | -41 | -4.18% |
| 2019 | 980 | -2 | -0.2% |
| 2018 | 982 | 0 | 0% |
| 2017 | 982 | 2 | 0.2% |
| 2016 | 980 | -11 | -1.11% |
| 2015 | 991 | 2 | 0.2% |
| 2014 | 989 | 15 | 1.54% |
| 2013 | 974 | -19 | -1.91% |
| 2012 | 993 | -7 | -0.7% |
| 2011 | 1,000 | -8 | -0.79% |
| 2010 | 1,008 | 0 | 0% |