Balsam Lake employment information

IndexBalsam LakeWisconsinNational
Income per capita$24,400$27,907$28,555
Median household income$40,625$52,738$53,482
Median income owner occupied$49,688$67,186$68,142
Median income renter occupied$28,684$30,207$33,219
Median earnings male$33,194$36,343$36,116
Median earnings female$19,676$25,134$25,692
Unemployment rate3.1%4.9%5.8%
Poverty level12.0%13.3%15.6%

Did you know?

  • The income per capita in Balsam Lake is 15% 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 47% lower than the national average.
  • The poverty level in Balsam Lake is 23% lower than the national average.

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Compare Balsam Lake, WI Employment To Other Cities

Employment status

Hours worked per week

Balsam Lake median earnings by income bracket

Balsam Lake employment by industry

Labour TypeMaleFemale
Construction industry30.0%2.5%
Manufacturing sector17.3%0.0%
Financial & insurance services4.0%3.8%
Wholesale & retail services10.0%15.3%
Public administration4.0%15.3%
Transportation, warehousing & utilities3.3%1.9%
Education, health & social services8.0%29.3%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Shafer, MN936$52,8571%
Taylors Falls, MN1,029$48,8759%
Osceola, WI2,522$47,78811%
Dresser, WI871$41,87522%
St. Croix Falls, WI2,059$41,25023%
Balsam Lake, WI829$40,62524%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Taholah, WA829$28,75046%
Frankfort, OH829$35,55634%
Sharpsburg, MD829$60,25013%
Onaway, MI829$33,03638%
Pine Valley, NY829$28,87546%
Balsam Lake, WI829$40,62524%
Source: The Balsam Lake, WI employment data displayed above is derived from the United States Census Bureau.