Balsam Lake, WI

Census Place

2024 Population

754

US Senator

Ron Johnson

Republican Party

US Senator

Tammy Baldwin

Democratic Party

2024 Median Age

55.9

10.5% 1-year increase

2024 Poverty Rate

11.2%

28.8% 1-year decrease

2024 Median Household Income

$52,011

7.31% 1-year growth

2024 Median Property Value

Population & Diversity

Balsam Lake, WI is home to a population of 754 people, from which 100% are citizens.

As of 2024, 0.398% of Balsam Lake, WI residents were born outside of the country (3 people).

In 2024, there were 46.1 times more White (Non-Hispanic) residents (692 people) in Balsam Lake, WI than any other race or ethnicity. There were 15 Black or African American (Non-Hispanic) and 14 Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Balsam Lake, WI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Balsam Lake, WI was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Balsam Lake, WI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Balsam Lake, WI

White (Non-Hispanic)
692 ± 100
Black or African American (Non-Hispanic)
15 ± 17
Other (Hispanic)
14 ± 16

2.65%

Hispanic Population

20 people

2.65% of the people in Balsam Lake, WI are hispanic (20 people).

The following chart shows the 8 races represented in Balsam Lake, WI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Wisconsin.

Most Common Origin

Mexico
90,085 ± 7,313 people
India
22,216 ± 3,653 people
China
14,090 ± 2,911 people

In 2024, the most common birthplace for the foreign-born residents of Wisconsin was Mexico, the natal country of 90,085 Wisconsin residents, followed by India with 22,216 and China with 14,090.

Foreign-Born Population

0.398%

2024 Foreign-Born Population

3 people

0.366%

2023 Foreign-Born Population

3 people

As of 2024, 0.398% of Balsam Lake, WI residents (3 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Balsam Lake, WI was 0.366%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Balsam Lake, WI compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
20 ± 18
Gulf War (1990s)
6 ± 12
Gulf War (2001-)
3 ± 15

Balsam Lake, WI has a large population of military personnel who served in Vietnam, 3.33 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Balsam Lake, WI.

Economy

The economy of Balsam Lake, WI employs 274 people. In 2024, the largest industries in Balsam Lake, WI were Manufacturing (65 people), Accommodation & Food Services (30 people), and Retail Trade (29 people), and the highest paying industries were Information ($79,063), Finance & Insurance, & Real Estate & Rental & Leasing ($73,571), and Finance & Insurance ($69,375).

Employment

Occupations

274

2024 Value

± 73

−5.84%

1 Year decline

± 38.3%

From 2023 to 2024, employment in Balsam Lake, WI declined at a rate of −5.84%, from 291 employees to 274 employees.

The most common job groups, by number of people living in Balsam Lake, WI, are Production Occupations (41 people), Office & Administrative Support Occupations (40 people), and Management Occupations (37 people). This chart illustrates the share breakdown of the primary jobs held by residents of Balsam Lake, WI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Wisconsin.

This chart shows weekly unemployment insurance claims in Wisconsin (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

274

2024 Value

± 73

−5.84%

1 Year decline

± 38.3%

From 2023 to 2024, employment in Balsam Lake, WI declined at a rate of −5.84%, from 291 employees to 274 employees.

The most common employment sectors for those who live in Balsam Lake, WI, are Manufacturing (65 people), Accommodation & Food Services (30 people), and Retail Trade (29 people). This chart shows the share breakdown of the primary industries for residents of Balsam Lake, WI, though some of these residents may live in Balsam Lake, WI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$57,500

Median earning men ± $12,135

$33,125

Median earning women ± $16,120

The industries with the best median earnings for men in 2024 are Construction ($64,375), Other Services Except Public Administration ($59,583), and Manufacturing ($49,375).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($67,500), Public Administration ($28,750), and Other Services Except Public Administration ($19,306).

Housing & Living

The median property value in Balsam Lake, WI was $210,200 in 2024, which is 0.632 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $188,600 to $210,200, a 11.5% increase. The homeownership rate in Balsam Lake, WI is 80.7%, which is higher than the national average of 65.2%.

People in Balsam Lake, WI have an average commute time of 22.7 minutes, and they drove alone to work. Car ownership in Balsam Lake, WI is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$210,200

Median Property Value 2024

±$48,496

$309

Median Property Taxes

±$58

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Balsam Lake, WI the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Balsam Lake, WI compared to it's parent and neighbor geographies.

Rent vs Own

80.7%

Homeownership

2024

61.2%

Homeowners with Mortgage

2024

In 2024, 80.7% of the housing units in Balsam Lake, WI were occupied by their owner. This percentage declined from the previous year's rate of 82.7%.

This chart shows the percentage of owner in Balsam Lake, WI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$52,011

Median Household Income

± $3,424

383

Number of Households

± 67

In 2024, the median household income of the 383 households in Balsam Lake, WI grew to $52,011 from the previous year's value of $48,468.

The following chart displays the households in Balsam Lake, WI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $50k - $60k range.

Wage Distribution

The closest comparable wage GINI for Balsam Lake, WI is from Wisconsin.

0.439

2024 Wage GINI in Wisconsin

0.441

2023 Wage GINI in Wisconsin

In 2024, the income inequality in Wisconsin was 0.439 according to the GINI calculation of the wage distribution. Income inequality had a 0.364% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Wisconsin was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Wisconsin in comparison to the national average.

This chart shows the number of workers in Wisconsin across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (69.7%)
Walked (11.3%)
Worked At Home (10.6%)

In 2024, 69.7% of workers in Balsam Lake, WI drove alone to work, followed by those who walked to work (11.3%) and those who worked at home (10.6%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

22.7 minutes

Average Travel Time

Using averages, employees in Balsam Lake, WI have a shorter commute time (22.7 minutes) than the normal US worker (26.4 minutes). Additionally, 5.31% of the workforce in Balsam Lake, WI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Balsam Lake, WI compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Balsam Lake, WI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Balsam Lake, WI have 2 cars.

Poverty

Poverty & Diversity

11.2% of the population for whom poverty status is determined in Balsam Lake, WI (77 out of 690 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 25 - 34 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Balsam Lake, WI is White, followed by Hispanic and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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