ZIP Code 56115 is associated with the city of Balaton in Minnesota (Lyon County) in the U.S. An estimated 94.3% in this Minnesota region have a high school degree or higher, while the per capita income comes in at approximately $30,170. The median age in the 56115 ZIP Code is 39.0 years, with 22.5% of residents aged 62 years and older. The median household income is approximately $59,750, and an estimated 8% of the population is living below the poverty line. The current population estimate is 1,381.
7:43 am
6:33 pm
Fair
The median household income in ZIP Code 56115 is $59,750, while the region's mean household income is $75,916. Breaking income down further, per capita income in the region is $30,170. The per capita income in ZIP Code 56115 of $30,170 is approximately 19.81% less than the per capita income in the U.S. overall of $37,625. An estimated 8.2% of the population is living below the poverty line in this region. This rate is approximately 13.68% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 18.9% of the population in 56115 earn $75,000 to $99,999 per year, while an estimated 17.8% earn $50,000 to $74,999 per year, and 2.9% of 56115 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 4.8% |
| $10,000 to $14,999 per year | 2.9% |
| $15,000 to $24,999 per year | 10.1% |
| $25,000 to $34,999 per year | 8.1% |
| $35,000 to $49,999 per year | 13.6% |
| $50,000 to $74,999 per year | 17.8% |
| $75,000 to $99,999 per year | 18.9% |
| $100,000 to $149,999 per year | 15.2% |
| $150,000 to $199,999 per year | 4.8% |
| $200,000 or more per year | 4.0% |
In ZIP Code 56115, 94.3% of the population graduated high school, while 23.1% have a bachelor's degree or higher. In this region, 2.1% achieved an education level less than 9th grade, while 3.7% hold a graduate or professional degree. Approximately 35.6% in this Lyon County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 2.1% |
| 9th to 12th grade, no diploma | 3.6% |
| High school graduate (includes equivalency) | 35.6% |
| Some college, no degree | 22.2% |
| Associate's degree | 13.4% |
| Bachelor's degree | 19.4% |
| Graduate or professional degree | 3.7% |
Looking at race in the population that makes up ZIP Code 56115, 99.5% is one race, while 0.5% are two or more races. Approximately 1.2% of 56115 residents are hispanic or Latino (of any race). The most common race in 56115 (race alone or in combination with one or more other races), is White (99.3%), followed by Some other race (0.5%) .
| Industry | Percent |
|---|---|
| White | 99.3% |
| Black or African American | 0.4% |
| American Indian and Alaska Native | 0.1% |
| Asian | 0.1% |
| Native Hawaiian and Other Pacific Islander | 0.1% |
| Some other race | 0.5% |
Residents of ZIP Code 56115 are older than average. The median age of 39.0 years in ZIP Code 56115 is approximately 2.36% higher than the overall median age in the U.S. of 38.1 years. About 74.4% of residents are aged 18 years and older, and 22.5% of residents are 62 years and over. Approximately 14.3% of the population in 56115 falls in the age group 25 to 34 years, while an estimated 13.5% are aged 65 to 74 years. On the low end of the scale, 1.8% of 56115 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 8.8% |
| 5 to 9 years | 6.1% |
| 10 to 14 years | 7.3% |
| 15 to 19 years | 5.6% |
| 20 to 24 years | 3.0% |
| 25 to 34 years | 14.3% |
| 35 to 44 years | 12.1% |
| 45 to 54 years | 8.7% |
| 55 to 59 years | 7.0% |
| 60 to 64 years | 7.5% |
| 65 to 74 years | 13.5% |
| 75 to 84 years | 4.3% |
| 85 years and over | 1.8% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 56115 is current access to health insurance, as an estimated 94.3% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 56115 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 94.3% |
| Risk Behavior | Percent of adults* |
|---|
Regarding the age of homes in ZIP Code 56115, an estimated 35.3% of homes were built in 1939 or earlier. Additionally, 13.4% of homes in the region were built between 1970 and 1979, while an estimated 1.3% of homes were built between 2010 and 2013 in this Lyon County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 4.4% |
| Built between 2010 and 2013 | 1.3% |
| Built between 2000 and 2009 | 11.4% |
| Built between 1990 and 1999 | 6.3% |
| Built between 1980 and 1989 | 4.8% |
| Built between 1970 and 1979 | 13.4% |
| Built between 1960 and 1969 | 7.2% |
| Built between 1950 and 1959 | 8.3% |
| Built between 1940 and 1949 | 7.7% |
| Built in 1939 or earlier | 35.3% |
In 56115, 67.9% of the population is in the labor force. Recent estimates place 11.4% as working from home, while the total labor force in the region has a mean travel to time to work of 22.8 minutes. Approximately 19.0% of the employed population 16 years and over in 56115 work in educational services, and health care and social assistance, while an estimated 15.2% work in agriculture, forestry, fishing and hunting, and mining. On the lower end of the scale, just 0.3% of 56115 workers 16 years and over work in information.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 15.2% |
| Construction | 6.9% |
| Manufacturing | 8.7% |
| Wholesale trade | 4.1% |
| Retail trade | 8.2% |
| Transportation and warehousing, and utilities | 8.5% |
| Information | 0.3% |
| Finance and insurance, and real estate and rental and leasing | 13.7% |
| Professional, scientific, management, and administrative | 4.6% |
| Educational services, and health care and social assistance | 19.0% |
| Arts, entertainment, and recreation, and accommodation and food services | 4.8% |
| Other services, except public administration | 3.2% |
| Public administration | 2.7% |
In ZIP Code 56115, 98.2% of the population lists "English only" as the language spoken in home, while 1.4% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 0.3% of homes, and other Indo-European languages are spoken in 0.1% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Lyon County region.
| Language Spoken | Percent |
|---|---|
| English only | 98.2% |
| Spanish | 1.4% |
| Other Indo-European languages | 0.3% |
| Asian and Pacific Islander languages | 0.1% |
| Other languages | 0.0% |
Regarding solar power potential, ZIP Code 56115 has an average daily solar radiation level of 4.93 kWh/m2/day. This is approximately 19.66% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 25.19% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 56115 | 11.48¢/kWh | 8.73¢/kWh | 6.83¢/kWh |
| Minnesota | 16.32¢/kWh | 13.1¢/kWh | 9.79¢/kWh |
| United States | 16.62¢/kWh | 13.58¢/kWh | 8.81¢/kWh |
| Month | ZIP Code 56115 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.54 | 1.9 | 5.84 |
| Feb | 4.25 | 3 | 6.31 |
| Mar | 5.04 | 3.65 | 7.02 |
| Apr | 5.53 | 5.13 | 7.3 |
| May | 5.55 | 5.17 | 7.13 |
| Jun | 5.81 | 5.72 | 6.95 |
| Jul | 6.48 | 6.22 | 6.51 |
| Aug | 6.05 | 6.08 | 6.65 |
| Sep | 5.63 | 5.15 | 7.02 |
| Oct | 4.62 | 3.32 | 6.92 |
| Nov | 3.74 | 2.33 | 5.99 |
| Dec | 2.93 | 1.78 | 5.46 |