Living in Round Lake Park, Illinois
Cost of living, income, home prices, rent and demographics of Round Lake Park · Census data 2020–2024
Round Lake Park has 7,919 residents with a median age of 50. The median household income is $55,813 (33% lower than the Illinois median), the median home value is $164,900, the median rent is $1,402/month.
Round Lake Park at a glance
- Population
- 7,919
- Median age
- 50State: 39
- Median household income
- $55,813State: $83,390
- Median home value
- $164,900State: $263,300
- Median rent
- $1,402/moState: $1,274
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 33 min
Is Round Lake Park a good place to live?
Pros: Home values 37% lower than the state median; a poverty rate of 8.7%.
Cons: Median household income 33% lower than the Illinois median; an average commute of 33 minutes; unemployment of 8.6%.
The weather is best in June to September.
Cost of living in Round Lake Park
Housing is the biggest part of the cost of living. In Round Lake Park the median home value is $164,900, 50% lower than the U.S. median. Renters pay a median of $1,402 per month, which is 29.6% of household income. Homeowners with a mortgage pay $1,660 a month in housing costs.
Round Lake Park median household income
The median household income in Round Lake Park is $55,813 and the income per person is $27,665. 8.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Round Lake Park: homes for sale and rent
- Housing units
- 3,396
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 5.4%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.46
Round Lake Park demographics
- Population
- 7,919
- Median age
- 50
- Under 18
- 17.9%
- 65 and older
- 35.3%
- Households
- 3,213
- Foreign-born
- 24.5%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Round Lake Park ›
Education in Round Lake Park
16.5% of adults 25 and older in Round Lake Park have a bachelor's degree or higher (Illinois: 37.8%), and 4.1% have a graduate or professional degree.
Jobs and commute in Round Lake Park
- Unemployment rate
- 8.6%State: 5.8%
- Average commute
- 33 minState: 28 min
- Work from home
- 10.9%
- Drive alone
- 72.5%
- Public transit
- 3.7%
- Walk to work
- 0%
- Homes with broadband
- 90.4%
Round Lake Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Round Lake Park | 7,919 | $55,813 | $164,900 | $1,402 |
| Hainesville | 3,524 | $129,911 | $210,500 | $1,225 |
| Round Lake | 18,628 | $111,977 | $278,600 | $1,710 |
| Grayslake | 20,929 | $113,972 | $309,500 | $1,485 |
| Round Lake Beach | 27,079 | $86,059 | $199,200 | $1,543 |
| Long Lake | 3,307 | $104,621 | $220,100 | $1,530 |
| Round Lake Heights | 2,592 | $78,986 | $216,800 | $1,453 |
| Volo | 6,706 | $160,792 | $319,700 | $2,169 |
| Third Lake | 1,137 | $150,139 | $361,500 | — |
More for people moving to Round Lake Park
Round Lake Park ZIP code ›Weather and climate ›Living in Round Lake Park: FAQ
What is the median household income in Round Lake Park, IL?
The median household income in Round Lake Park is $55,813, 33% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Round Lake Park?
The median home value in Round Lake Park is $164,900, compared with $263,300 in Illinois.
How much is rent in Round Lake Park?
The median gross rent in Round Lake Park is $1,402 per month, about 29.6% of household income.
Is Round Lake Park, IL a good place to live?
Pluses: home values 37% lower than the state median; a poverty rate of 8.7%. Minuses: median household income 33% lower than the Illinois median; an average commute of 33 minutes; unemployment of 8.6%.
What is the median age in Round Lake Park?
The median age in Round Lake Park is 50 years (Illinois: 39).
How long is the commute in Round Lake Park?
The average commute to work in Round Lake Park is 33 minutes; 10.9% of workers work from home.
What is the unemployment rate in Round Lake Park?
The unemployment rate in Round Lake Park is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Round Lake Park?
16.5% of adults in Round Lake Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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