F
14%
Income/capita NAT. AVG.
24%
Household income NAT. AVG.
32%
Unemployment NAT. AVG.
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IndexBalsam LakeWisconsinNational
Income per capita$25,725$29,253$29,829
Median household income$41,908$54,610$55,322
Median income owner occupied$51,875$69,544$70,586
Median income renter occupied$33,558$31,736$35,192
Median earnings male$24,375$37,342$36,919
Median earnings female$27,422$25,818$26,250
Unemployment rate6.2%3.7%4.7%
Poverty level22.1%12.7%15.1%
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Key findings

  • The income per capita in Balsam Lake is 14% lower than the national average
  • The median household income in Balsam Lake is 24% lower than the national average
  • Male median earnings are 41% higher than female median earnings
  • The unemployment rate in Balsam Lake is 32% higher than the national average
  • The poverty level in Balsam Lake is 46% higher than the national average

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      am i middle class

      $
      Input your household income
      $27,935 $41,908 $83,816
      City
      $36,403 $54,610 $109,220
      State
      $36,877 $55,322 $110,644
      Nation
      According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

      Balsam Lake median earnings by income bracket

      Balsam Lake employment by industry

      Labour TypeMaleFemale
      Construction industry18.4%18.4%
      Manufacturing sector32.8%32.8%
      Financial & insurance services0.0%0.0%
      Wholesale & retail services14.9%14.9%
      Public administration0.0%0.0%
      Transportation, warehousing & utilities4.5%4.5%
      Education, health & social services5.0%5.0%
      Other24.4%24.4%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Shafer, MN1,155$81,89548.0%
      Dresser, WI863$61,91211.9%
      Amery, WI2,819$61,68811.5%
      Taylors Falls, MN1,166$57,3533.7%
      Turtle Lake CDP, WI343$55,2500.1%
      Balsam Lake, WI874$41,90824.2%

      Cities with similar population

      City Population Household Income National Avg.
      Brownville, NY874$85,00053.6%
      Plandome Heights, NY874$226,000308.5%
      Lawrence, PA874$62,14312.3%
      New Bethlehem, PA874$37,08333.0%
      Kasabonika Lake, ON874n/a 
      Balsam Lake, WI874$41,90824.2%
      Source: The Balsam Lake, WI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).