Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Balsam Lake, WI Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

754

Median Agei

55.9

Race & Ethnicityi

White

91.8%692

Hispanic/Latino

2.7%20

Black

2%15

Asian

1.7%13

Two or More

1.3%10

American Indian/Alaska Native

0.5%4

Educational Attainment (Age 25+)i

GED/Alternative

7.8%49

High School Diploma

28.8%182

Some College (<1 yr)

9.7%61

Some College (1+ yr)

12.4%78

Associate's Degree

13.5%85

Bachelor's Degree

12.2%77

Master's Degree

2.4%15

Professional Degree

3.2%20

HS or Higher

89.9%

BA or Higher

17.7%

Graduate+

5.5%

Housingi

Median Home Valuei

$210,200

Median Renti

$975

Tenure

Owner-Occupied

80.7%309

Renter-Occupied

19.3%74

Total Units

642

Homeownership

80.7%

Vacancy Rate

40.3%

Home Values

Under $50K

20.1%62

$50K–$100K

6.1%19

$100K–$150K

15.9%49

$150K–$200K

6.1%19

$200K–$300K

14.6%45

$300K–$500K

23.9%74

$500K–$1M

7.8%24

$1M+

5.5%17

Rent Distribution

Under $500

$500–$750

$750–$1,000

$1,000–$1,250

Year Built

2010–2019

4.8%31

2000–2009

15.7%101

1990–1999

16.2%104

1980–1989

10.3%66

1970–1979

13.4%86

1960–1969

13.2%85

1950–1959

11.2%72

1940–1949

5.9%38

1939 or earlier

9.2%59

Heating Fuel

Utility Gas

77%295

Electricity

17.8%68

Bottled/LP Gas

3.9%15

Wood

1.3%5

Economyi

Median Household Incomei

$52,011

Mean Household Incomei

$71,917

Per Capita Incomei

$38,537

Poverty Ratei

10.2%

Unemploymenti

1.1%

Labor Forcei

277

Household Income Distribution

Under $10K

3.4%13

$10K–$15K

7.6%29

$15K–$20K

5.2%20

$20K–$25K

2.6%10

$25K–$30K

7.3%28

$30K–$35K

9.7%37

$35K–$40K

1.3%5

$40K–$45K

5.7%22

$45K–$50K

2.3%9

$50K–$60K

15.1%58

$60K–$75K

9.1%35

$75K–$100K

11.5%44

$100K–$125K

5.5%21

$125K–$150K

4.4%17

$150K–$200K

2.1%8

$200K+

7%27

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

Programs in this community

811/PRAC7 homes

Social Characteristicsi

Marital Status (15+)i

Veteransi

36(5.4% of civilian adults)