| Official Name: | Balsam Township, Minnesota |
| Settlement Type: | Township |
| Pushpin Map: | Minnesota#USA |
| Pushpin Label Position: | left |
| Pushpin Map Caption: | Location within the state of Minnesota |
| Subdivision Type: | Country |
| Subdivision Name: | United States |
| Subdivision Type1: | State |
| Subdivision Name1: | Minnesota |
| Subdivision Type2: | County |
| Subdivision Name2: | Itasca |
| Unit Pref: | Imperial |
| Area Total Km2: | 215.8 |
| Area Land Km2: | 188.1 |
| Area Water Km2: | 27.7 |
| Area Total Sq Mi: | 83.3 |
| Area Land Sq Mi: | 72.6 |
| Area Water Sq Mi: | 10.7 |
| Population As Of: | 2010 |
| Population Total: | 550 |
| Population Density Km2: | auto |
| Timezone: | Central (CST) |
| Utc Offset: | -6 |
| Timezone Dst: | CDT |
| Utc Offset Dst: | -5 |
| Elevation M: | 413 |
| Elevation Ft: | 1355 |
| Coordinates: | 47.5078°N -93.4253°W |
| Blank Name: | FIPS code |
| Blank Info: | 27-03430[1] |
| Blank1 Name: | GNIS feature ID |
| Blank1 Info: | 0663500[2] |
Balsam Township is a township in Itasca County, Minnesota, United States. The population was 550 at the 2010 census.[3]
According to the United States Census Bureau, the township has a total area of 83.3sqmi, of which 72.6sqmi is land and 10.7sqmi, or 12.83%, is water.
At the 2000 census there were 553 people, 227 households, and 175 families living in the township. The population density was 7.6 people per square mile (2.9/km). There were 650 housing units at an average density of 8.9/sq mi (3.5/km). The racial makeup of the township was 96.93% White, 0.54% African American, 1.63% Native American, and 0.90% from two or more races. Hispanic or Latino of any race were 1.08%.
Of the 227 households 23.8% had children under the age of 18 living with them, 72.2% were married couples living together, 2.2% had a female householder with no husband present, and 22.5% were non-families. 20.3% of households were one person and 5.3% were one person aged 65 or older. The average household size was 2.44 and the average family size was 2.76.
The age distribution was 21.2% under the age of 18, 4.5% from 18 to 24, 22.6% from 25 to 44, 35.8% from 45 to 64, and 15.9% 65 or older. The median age was 46 years. For every 100 females, there were 106.3 males. For every 100 females age 18 and over, there were 107.6 males.
The median household income was $42,813 and the median family income was $48,125. Males had a median income of $45,357 versus $19,063 for females. The per capita income for the township was $21,488. About 3.1% of families and 3.9% of the population were below the poverty line, including none of those under age 18 and 3.6% of those age 65 or over.