|Year||Population||Rank in US||Growth Rate|
Based on the latest 2022 data from the US census, the current population of Balaton is 588. Balaton, Minnesota is the 12,515th largest city in the US.
The peak population of Balaton was in 1990, when its population was 746. In 1990, Balaton was the 11,157th largest city in the US; now its fallen to the 12,515th largest city in the US. Balaton is currently 21.2% smaller than it was in 1990.
Balaton has shrunk 7.8% since the year 2000. Balaton, Minnesota's growth is below average. 61% of similarly sized cities are growing faster since 2000.
|12512||Oneida Castle, New York||589||-5.9%|
|12513||Plum City, Wisconsin||589||1.9%|
|12517||Black Rock, Arkansas||588||-17.5%|
|12520||Davis, West Virginia||588||-5.3%|
The total voting age population of Balaton, Minnesota, meaning US citizens 18 or older, is 484. The voting age population is 50.2% male and 49.8% female.
According to the latest census statistics, 24.2% of the residents of Balaton are 65 or older.
The racial demographics of Balaton are 98.2% White, 1.2% Two or more races, 0.5% Other and 0.2% American Indian. Additionally, 1.5% of the population identifies as Hispanic.
In Balaton, 18.0% of residents have an income below the poverty line, and the child poverty rate is 40.5%. On a per-household basis, 19.3% of families are below the poverty line in Balaton.
Among those aged 16 and older, 61.8% of Balaton residents are in the labor force.
Among the adult population 25 years old and over, 92.1% of Balaton residents have at least a high school degree or equivalent, 14.5% have a bachelor's degree and 2.3% have a graduate or professional degree.
Among Balaton residents aged 5 and older, 2.2% of them speak a non-English language at home. Broken down by language: 1.7% of residents speak Spanish at home, 0.6% speak an Indo-European language, and 0.0% speak an Asian language.
The unemployment rate in Balaton is 6.5%, which is calculated among residents aged 16 or older who are in the labor force.
In Balaton, 10.1% of the residents in the non-military labor force are employed by the local, state and federal government.
The median household income in Balaton is $50,313.
In Balaton, 77.9% of housing units are occupied by their owners.
Renters occupy 22.1% of housing units in Balaton.
Of all the housing units in Balaton, 43.2% of them were build before 1940.
In Balaton, 5.5% of the total housing units were built after the year 2000.
The median gross monthly rent payment for renters in Balaton is $573.
In Balaton, 77.9% of households have an active broadband internet connection.