Balaton, MN is a small town located in Minnesota. It has a population of less than 1,000 people and is known for its calm atmosphere and natural beauty. Despite its small size, Balaton offers plenty to see and do. Some local attractions include the Balaton Sportsman's Club, Balaton Lake Park, and the Balaton Museum. The cost of living in Balaton is lower than the national average with an average two bedroom rent costing $850 compared to $1,430 nationally. Additionally, grocery cost index in Balaton is 92 versus 100 in the US. All in all, Balaton provides a peaceful place to live with plenty of attractions at an affordable cost of living.
Balaton has an unemployment rate of 4.2%. The US average is 6.0%.
Balaton has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Balaton
- The Sales Tax Rate for Balaton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Balaton is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Balaton
- The average income of a Balaton resident is $23,224 a year. The US average is $28,555 a year.
- The Median household income of a Balaton resident is $53,750 a year. The US average is $69,021 a year.