Balaton is a city located in Lyon County, Minnesota. Balaton has a 2025 population of 584 . Balaton is currently declining at a rate of -0.17% annually and its population has decreased by -0.85% since the most recent census, which recorded a population of 589 in 2020.
The average household income in Balaton is $67,213 with a poverty rate of 13.27%. The median age in Balaton is 46.7 years: 35.9 years for males, and 52.1 years for females. For every 100 females there are 118.5 males.
Data after 2023 is projected based on recent change
The racial composition of Balaton includes 93.38% White, and smaller percentages for other race and multiracial populations.
White (93.38%)
Two or more races (6.07%)
Other race (0.55%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 508 | 93.38% |
| Two or more races | 33 | 6.07% |
| Other race | 3 | 0.55% |
Married
Widowed
Divorced
Separated
Never Married
Balaton's average per capita income is $41,389. Household income levels show a median of $54,091. The poverty rate stands at 13.27%.
Name | Median | Mean |
|---|---|---|
| Married Families | $73,750 | - |
| Families | $72,188 | $86,340 |
| Households | $54,091 | $67,213 |
| Non Families | $33,125 | $39,764 |
Average Income
Median Household Income
Poverty Rate