Balaton, MN Employment - Median Household Income, Unemployment Rate

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D-

26%

Income/capita NAT. AVG.

10%

Household income NAT. AVG.

4%

Unemployment NAT. AVG.

Index	Balaton	Minnesota	National
Income per capita	$22,188	$33,225	$29,829
Median household income	$50,000	$63,217	$55,322
Median income owner occupied	$58,417	$77,618	$70,586
Median income renter occupied	$37,188	$34,348	$35,192
Median earnings male	$35,536	$40,933	$36,919
Median earnings female	$27,986	$29,114	$26,250
Unemployment rate	4.9%	3.4%	4.7%
Poverty level	15.5%	10.8%	15.1%

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Key findings

The income per capita in Balaton is 26% lower than the national average
The median household income in Balaton is 10% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Balaton is 4% higher than the national average
The poverty level in Balaton is 2% higher than the national average

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am i middle class

$33,330 $50,000 $100,000

City

$42,140 $63,217 $126,434

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.

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Balaton median earnings by income bracket

Balaton employment by industry

Labour Type	Male	Female
Construction industry	5.0%	5.0%
Manufacturing sector	10.1%	10.1%
Financial & insurance services	4.3%	4.3%
Wholesale & retail services	28.8%	28.8%
Public administration	3.6%	3.6%
Transportation, warehousing & utilities	17.3%	17.3%
Education, health & social services	5.0%	5.0%
Other	25.9%	25.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
The Lakes, MN	661	$86,000	55.5%
Tracy, MN	2,180	$54,844	0.9%
Russell, MN	312	$53,594	3.1%
Lynd, MN	419	$52,500	5.1%
Marshall, MN	13,604	$48,236	12.8%
Balaton, MN	601	$50,000	9.6%

Cities with similar population

City	Population	Household Income	National Avg.
Delleker, CA	601	$82,969	50.0%
Collbran, CO	601	$38,125	31.1%
Lake Mystic, FL	601	$0	100.0%
Leslie, GA	601	$67,692	22.4%
Washington Park, NC	601	$80,893	46.2%
Balaton, MN	601	$50,000	9.6%

Source: The Balaton, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).