There are 4 independent living communities serving Balaton, Minnesota. This includes 1 community in Balaton and 3 nearby. Independent living costs in Minnesota range from around $16 to $132 daily, with a mean cost running approximately $62. The monthly cost averages about $1,871 and ranges between $476 and $3,960. On a yearly basis, the average cost is around $22,456, which is below the US average of $23,100.
Located within Lyon County, Balaton is a small municipality in the State of Minnesota. It has a total population of just 1,366, with 1,077,918 inhabitants in the surrounding metro area. The 55-and-over community currently represents 30% of the total population.
Balaton has a moderate SeniorScore™ of 66. The city has a mean per capita income of $23,000 and a mean household income is $44,000 (the Minnesota state average is $53,000). The current unemployment rate is about 4.42% and the median home price is $144,000, which is much less than the Minnesota average of $211,500.
Balaton has very harsh average temperatures, with bitterly cold winters and pleasant summers. The area receives optimal levels of precipitation annually. When compared to similarly-sized cities, Balaton has better than average air quality ratings.