Balsam township

County:: Itasca County
County Seat:: No
Area (mi²):: 72.497
State:: Minnesota

Balsam township is located in Itasca County, Minnesota. Balsam township has a 2025 population of 559. Balsam township is currently growing at a rate of 0.36% annually and its population has increased by 1.45% since the most recent census, which recorded a population of 551 in 2020.

The average household income in Balsam township is $95,284 with a poverty rate of 13.87%.The median age in Balsam township is 57.7 years: 57 years for males, and 61 years for females.

Demographics

The racial composition of Balsam township includes 95.05% White, and smaller percentages for Black or African American, Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	691	95.05%
Two or more races	26	3.58%
Black or African American	5	0.69%
Native American	5	0.69%

Balsam township Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Balsam township's average per capita income is $34,688. Household income levels show a median of $75,250. The poverty rate stands at 13.87%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Families	$91,667	$112,681
Married Families	$80,938	-
Households	$75,250	$95,284
Non Families	$27,917	$44,632

$34,688

Average Income

$75,250

Median Household Income

13.87%

Poverty Rate