Balsam Lake

County:: Polk County
County Seat:: Yes
Area (mi²):: 2.225
State:: Wisconsin

Balsam Lake is a village located in Polk County, Wisconsin. Balsam Lake has a 2025 population of 910. It is also the county seat of Polk County. Balsam Lake is currently declining at a rate of -0.66% annually and its population has decreased by -3.09% since the most recent census, which recorded a population of 939 in 2020.

The average household income in Balsam Lake is $65,030 with a poverty rate of 15.66%.The median age in Balsam Lake is 50.6 years: 40.9 years for males, and 55.3 years for females.

Demographics

The racial composition of Balsam Lake includes 93.77% White, and smaller percentages for Black or African American, other race, Two or more races, Asian, Native American and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	768	93.77%
Black or African American	15	1.83%
Other race	14	1.71%
Two or more races	11	1.34%
Asian	10	1.22%
Native American	1	0.12%

Balsam Lake Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Balsam Lake's average per capita income is $38,125. Household income levels show a median of $48,468. The poverty rate stands at 15.66%.

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
Married Families	$80,000	-
Families	$62,083	$86,756
Households	$48,468	$65,030
Non Families	$29,798	$41,978

$38,125

Average Income

$48,468

Median Household Income

15.66%

Poverty Rate