|Year||Population||Rank in US||Growth Rate|
Based on the latest 2022 data from the US census, the current population of Balsam Lake is 924. Balsam Lake, Wisconsin is the 10,562nd largest city in the US.
The peak population of Balsam Lake was in 2010, when its population was 1,009. In 2010, Balsam Lake was the 10,268th largest city in the US; now its fallen to the 10,562nd largest city in the US. Balsam Lake is currently 8.4% smaller than it was in 2010.
Balsam Lake has shrunk 3.0% since the year 2000. Balsam Lake, Wisconsin's growth is about average. 50% of similarly sized cities are growing faster since 2000.
|10557||Cross Plains, Texas||926||-13.2%|
|10558||Newark Valley, New York||926||-13.2%|
|10560||Hillburn, New York||925||4.9%|
|10561||Rolling Hills, Kentucky||925||7.0%|
|10562||Balsam Lake, Wisconsin||924||-3.0%|
|10563||Grand Rapids, Ohio||924||-9.4%|
|10567||Hi-Nella, New Jersey||923||-10.1%|
The total voting age population of Balsam Lake, Wisconsin, meaning US citizens 18 or older, is 690. The voting age population is 60.1% male and 39.9% female.
According to the latest census statistics, 21.8% of the residents of Balsam Lake are 65 or older.
The racial demographics of Balsam Lake are 95.9% White, 2.9% Black and 1.3% Two or more races. Additionally, 0.8% of the population identifies as Hispanic.
In Balsam Lake, 24.9% of residents have an income below the poverty line, and the child poverty rate is 40.6%. On a per-household basis, 24.3% of families are below the poverty line in Balsam Lake.
Among those aged 16 and older, 47.9% of Balsam Lake residents are in the labor force.
Among the adult population 25 years old and over, 89.0% of Balsam Lake residents have at least a high school degree or equivalent, 18.4% have a bachelor's degree and 5.0% have a graduate or professional degree.
Among Balsam Lake residents aged 5 and older, 0.3% of them speak a non-English language at home. Broken down by language: 0.3% of residents speak Spanish at home, 0.0% speak an Indo-European language, and 0.0% speak an Asian language.
The unemployment rate in Balsam Lake is 10.9%, which is calculated among residents aged 16 or older who are in the labor force.
In Balsam Lake, 5.6% of the residents in the non-military labor force are employed by the local, state and federal government.
The median household income in Balsam Lake is $40,968.
In Balsam Lake, 72.0% of housing units are occupied by their owners.
Renters occupy 28.0% of housing units in Balsam Lake.
Of all the housing units in Balsam Lake, 7.6% of them were build before 1940.
In Balsam Lake, 23.3% of the total housing units were built after the year 2000, which is approximately 150 units.
The median gross monthly rent payment for renters in Balsam Lake is $822.
In Balsam Lake, 68.6% of households have an active broadband internet connection.