Balaton, MN
551Residents
$54,688Median household income
$1,138/moMedian gross rent
$94,000Median home value
48.6Median age
15%Adults with a bachelor’s degree or higher
75%Homes lived in by their owners
1.7×Home value to household income
Median rent takes about 25% of the median household income in Balaton.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $46,000 a year. In Minnesota that leaves roughly $3,001 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.