Balsam Lake, WI Economy

Balsam Lake, WI is a peaceful community located in Polk County. It is best known for its natural beauty and small-town charm. Companies such as Balsam Lake Marine, Chippewa Flowage Resort & Campground, and The Northland Inn are popular among locals and tourists alike. The cost of living in Balsam Lake is highly affordable with rent for a two bedroom estimated at $1,430 and a Grocery Cost Index that is lower than the national average of 100. All these factors make it an ideal place to live or work.

Income by Population Percent

Economy	Balsam Lake, Wisconsin	United States
	6.1	6
	-3.5%	-6.2%
	32.5%	33.5%
	5.5%	6.2%
	6.3%	4.6%
	$27,212	$37,638
	$44,965	$69,021
	$69,545	$85,028
Population by Occupation
	0.0%	1.2%
	0.0%	0.5%
	9.0%	6.8%
	21.8%	10.0%
	3.9%	2.5%
	4.8%	11.0%
	3.6%	4.8%
	0.0%	0.8%
	1.8%	1.9%
	5.1%	4.7%
	2.7%	1.9%
	6.9%	7.6%
	0.0%	0.1%
	2.1%	4.2%
	3.9%	9.3%
	18.2%	14.0%
	6.0%	2.1%
	4.8%	7.0%
	4.2%	4.8%
	1.5%	4.7%