Balsam Lake, WI Employment - Median Household Income, Unemployment Rate

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F

14%

Income/capita NAT. AVG.

24%

Household income NAT. AVG.

32%

Unemployment NAT. AVG.

Index	Balsam Lake	Wisconsin	National
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 rate	6.2%	3.7%	4.7%
Poverty level	22.1%	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

$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.

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Balsam Lake median earnings by income bracket

Balsam Lake employment by industry

Labour Type	Male	Female
Construction industry	18.4%	18.4%
Manufacturing sector	32.8%	32.8%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	14.9%	14.9%
Public administration	0.0%	0.0%
Transportation, warehousing & utilities	4.5%	4.5%
Education, health & social services	5.0%	5.0%
Other	24.4%	24.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Shafer, MN	1,155	$81,895	48.0%
Dresser, WI	863	$61,912	11.9%
Amery, WI	2,819	$61,688	11.5%
Taylors Falls, MN	1,166	$57,353	3.7%
Turtle Lake CDP, WI	343	$55,250	0.1%
Balsam Lake, WI	874	$41,908	24.2%

Cities with similar population

City	Population	Household Income	National Avg.
Brownville, NY	874	$85,000	53.6%
Plandome Heights, NY	874	$226,000	308.5%
Lawrence, PA	874	$62,143	12.3%
New Bethlehem, PA	874	$37,083	33.0%
Kasabonika Lake, ON	874	n/a
Balsam Lake, WI	874	$41,908	24.2%

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