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Assisted Living in Balaton, Minnesota

There are 15 assisted living facilities serving Balaton, Minnesota. This includes 1 facility in Balaton and 14 nearby. The costs per day of assisted living in Minnesota range from $29 up to $240, with a mean expense running around $113. The monthly expense averages about $3,403 and ranges between $867 and $7,200. On an annual basis, the median cost is around $40,830, which is under the national average of $42,000.



SeniorScore™ for Balaton, Minnesota



The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.

66

SeniorScore™ Overview

  • Balaton scores lower than the Minnesota average of 70.
  • Balaton scores lower than the national average of 72.
50

Health & Safety

  • There is a very low number of Medicare registered physicians within the city limits.
  • There are no hospitals within close range of the city.
  • There are 4 senior living facilities in close proximity to the city, including Colonial Manor of Balaton, Lakeview Senior Housing, and Tyler Healthcare Center Avera.
  • There is an average number of home healthcare providers operating in the city.
  • There is a low number of fire stations serving the city.
  • The average life expectancy is 81.1, compared to the national average of 78.6.
  • There are 3 pharmacies within close range of the city.
52

Recreation & Leisure

  • The city has an average percentage of seniors in the population (30% of residents).
  • There are 9 golf courses in or around the city, including Tyler Community Golf Club, Slayton Country Club, and Tracy Country Club.
  • There are 4 parks near the city center, including Swensen Park, Garvin County Park, and Camden State Park.
  • There are no churches in or near the city.
  • There are no malls / shopping centers within close range of the city.
  • There is 1 grocery store within the city.
  • There are no movie theatres in or near the city.
  • There is 1 gym or health club in or near the city.
68

Finances

  • The property taxes average 2.28% of total income, which is significantly lower than the national average of 2.79%.
  • The property taxes average 1.04% of property value, which is significantly lower than the national average of 1.09%.
  • The city sales taxes averages 7.38%, which is higher than the national average of 6.97%.
  • Minnesota has an average state income tax of 4.79%, compared to the national average of 3.38%.
  • The city's mean household income is $54,236, which is significantly lower than the national average of $64,580.
  • The city's median household income is $44,342, which is significantly lower than the national median of $51,560.
  • The city's per capita income is $23,278, which is lower than the national average of $25,611.
  • Assisted living costs average $36,336 per year, which are low compared to national figures.
  • Nursing home costs average $90,710 per year, which are average compared to national costs.
  • Adult daycare costs average $19,097 per year, which are high compared to national numbers.
  • Home healthcare costs average $46,904 annually, which are average compared to national costs.
  • The unemployment rate is about 4.42%, which is low compared to national averages.
  • The overall cost of living is average compared to national averages.
  • 0% of the senior population are financially responsible for at least one grandchild.
66

General Quality of Life

  • Balaton receives ideal levels of rainfall each year.
  • Balaton has very harsh mean temperatures, with very cold winters and pleasant summers.
  • This city has above average air quality.
  • Balaton has a very sparse population density of 11.4 people per square mile.
  • Residents of Balaton have a short daily commute time.
  • Balaton has a very high public school quality ranking.
  • The city has a high public school safety rating.
  • This city has a high graduation rate of 92.60%.

Balaton is a small city in Lyon County in Minnesota. While the city itself has just 1,366 residents, the encompassing metropolitan area has a total population of 1,077,918. 30% of the local residents are 55 and over.

Balaton has a medium SeniorScore™ of 66. The city's median household income is $44,000 ($23,000 on a per capita basis), vs an average of $53,000 for the entire state of Minnesota. The median housing price in Balaton is $144,000, which is less than the state average of $211,500. Balaton also has a low unemployment rate of approximately 4.42%.

Balaton has harsh average temperatures, with very cold winters and mildly warm summers. The city receives ideal amounts of rain each year. Balaton has better than average air quality in comparison to other cities in the US.

More About Balaton, Minnesota
Boulder Estates - Marshall, MN

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1-855-221-7955

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Boulder Estates is a 125 room senior housing facility. It is located at 601 Village Dr in Marshall, Minnesota. With around 17,000 people residing in the zip code of 56258, the encompassing area has a medium-density population. ...

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Sunrise Terrace - Slayton, MN

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1-855-229-7494

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Located at 2121 Ironwood Ave, Sunrise Terrace is a senior community serving Slayton, Minnesota. The encompassing area is sparsely populated, with around 4,000 individuals residing in the 56172 zip code. It is a predominantly middle class area, with ...

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Peterson Estates - Westbrook, MN

Peterson Estates

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Peterson Estates is a senior care community located at 1012 9th St Ofc in Westbrook, Minnesota. The community is in a primarily middle class area, with an average household income of $40,430. It is sparsely populated, with approximately ...

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Falls Landing - Pipestone, MN

Falls Landing

1101 N Hiawatha Ave

Pipestone, MN 56164

1-855-243-3078

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Edgebrook Care Center - Edgerton, MN

Edgebrook Care Center

505 Trosky Road West

Edgerton, MN 56128

1-855-238-4376

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Located at 505 Trosky Road West in Edgerton, Minnesota, Edgebrook Care Center is a 56 room senior housing facility. The community is in a largely middle class area, with a median per-household income of $42,309. It has a ...

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Maplewood Court - Fulda, MN

Maplewood Court

310 7th St NE

Fulda, MN 56131

1-855-238-4376

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Located at 310 7th St NE, Maplewood Court is a senior housing facility serving Fulda, Minnesota. With around 3,000 residents in the zip code of 56131, the neighboring area is sparsely populated. It is a largely middle class ...

28 miles away from Balaton, MN

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