Living in Round Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Round Lake · Census data 2020–2024
Round Lake has 333 residents with a median age of 44.5. The median household income is $71,667 (20% lower than the Minnesota median), the median home value is $109,900.
Round Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Round Lake at a glance
- Population
- 333
- Median age
- 44.5State: 38.8
- Median household income
- $71,667State: $89,062
- Median home value
- $109,900State: $329,300
- Homeowners
- 74.1%
- Bachelor's degree or higher
- 14.5%
- Average commute
- 22 min
Is Round Lake a good place to live?
Pros: Home values 67% lower than the state median; an average commute of 22 minutes; a poverty rate of 7%.
Cons: Median household income 20% lower than the Minnesota median; unemployment of 6.5%.
The weather is best in June to September.
Cost of living in Round Lake
Housing is the biggest part of the cost of living. In Round Lake the median home value is $109,900, 67% lower than the U.S. median. Renters pay a median of — per month, which is 17.2% of household income. Homeowners with a mortgage pay $961 a month in housing costs.
Round Lake median household income
The median household income in Round Lake is $71,667 and the income per person is $36,799. 7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Round Lake: homes for sale and rent
- Housing units
- 197
- Owner-occupied
- 74.1%
- Renter-occupied
- 25.9%
- Vacant
- 19.8%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.11
Round Lake demographics
- Population
- 333
- Median age
- 44.5
- Under 18
- 14.7%
- 65 and older
- 15.9%
- Households
- 158
- Foreign-born
- 8.7%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Round Lake ›
Education in Round Lake
14.5% of adults 25 and older in Round Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 0.4% have a graduate or professional degree.
Jobs and commute in Round Lake
- Unemployment rate
- 6.5%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 9.1%
- Drive alone
- 74.2%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 90.5%
Round Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Round Lake | 333 | $71,667 | $109,900 | — |
| Harris | 222 | $53,911 | $87,500 | $950 |
| Ocheyedan | 511 | $79,500 | $102,400 | $723 |
| Worthington | 13,780 | $61,797 | $210,300 | $938 |
| Lake Park | 1,184 | $74,500 | $168,800 | $872 |
| Brewster | 687 | $82,583 | $152,200 | $725 |
| Bigelow | 297 | $58,359 | — | $1,545 |
| Okabena | 210 | $86,719 | $108,300 | — |
| Sibley | 2,803 | $55,070 | $122,000 | $774 |
More for people moving to Round Lake
Round Lake ZIP code ›Weather and climate ›Living in Round Lake: FAQ
What is the median household income in Round Lake, MN?
The median household income in Round Lake is $71,667, 20% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Round Lake?
The median home value in Round Lake is $109,900, compared with $329,300 in Minnesota.
Is Round Lake, MN a good place to live?
Pluses: home values 67% lower than the state median; an average commute of 22 minutes; a poverty rate of 7%. Minuses: median household income 20% lower than the Minnesota median; unemployment of 6.5%.
What is the median age in Round Lake?
The median age in Round Lake is 44.5 years (Minnesota: 38.8).
How long is the commute in Round Lake?
The average commute to work in Round Lake is 22 minutes; 9.1% of workers work from home.
What is the unemployment rate in Round Lake?
The unemployment rate in Round Lake is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Round Lake?
14.5% of adults in Round Lake 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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