In 2023, Balaton, MN had a population of 544 people with a median age of 46.7 and a median household income of $54,091. Between 2022 and 2023 the population of Balaton, MN declined from 548 to 544, a −0.73% decrease and its median household income grew from $53,333 to $54,091, a 1.42% increase.
The 5 largest ethnic groups in Balaton, MN are White (Non-Hispanic) (93.4%), Two+ (Non-Hispanic) (6.07%), Other (Hispanic) (0.551%), White (Hispanic) (0%), and Black or African American (Non-Hispanic) (0%).
None of the households in Balaton, MN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Balaton, MN are U.S. citizens.
In 2023, the median property value in Balaton, MN was $85,000, and the homeownership rate was 76.2%.
Most people in Balaton, MN drove alone to work, and the average commute time was 24.7 minutes. The average car ownership in Balaton, MN was 2 cars per household.