Living in Roy Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Roy Lake · Census data 2020–2024
Roy Lake has 61 residents with a median age of 48.5. The median household income is $99,688 (12% higher than the Minnesota median), the median home value is $321,400.
Roy Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Roy Lake at a glance
- Population
- 61
- Median age
- 48.5State: 38.8
- Median household income
- $99,688State: $89,062
- Median home value
- $321,400State: $329,300
- Homeowners
- 100%
- Bachelor's degree or higher
- 23.8%
- Average commute
- 41 min
Is Roy Lake a good place to live?
Pros: Median household income 12% higher than the Minnesota median; home values about the same as the state median.
Cons: An average commute of 41 minutes.
The weather is best in June to September.
Cost of living in Roy Lake
Housing is the biggest part of the cost of living. In Roy Lake the median home value is $321,400, 3% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,000 a month in housing costs.
Roy Lake median household income
The median household income in Roy Lake is $99,688 and the income per person is $42,356. 0% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Roy Lake: homes for sale and rent
- Housing units
- 93
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 77.4%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.90
77.4% of homes are vacant most of the year, a sign that Roy Lake has many vacation and second homes.
Roy Lake demographics
- Population
- 61
- Median age
- 48.5
- Under 18
- 31.1%
- 65 and older
- 9.8%
- Households
- 21
- Foreign-born
- 1.6%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Roy Lake ›
Education in Roy Lake
23.8% of adults 25 and older in Roy Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Roy Lake
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 41 minState: 23 min
- Work from home
- 15.8%
- Drive alone
- 68.4%
- Public transit
- 0%
- Walk to work
- 15.8%
- Homes with broadband
- 95.2%
Roy Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Roy Lake | 61 | $99,688 | $321,400 | — |
| Rice Lake | 244 | $41,136 | $18,800 | $500 |
| Naytahwaush | 478 | $37,917 | $88,800 | $383 |
| Twin Lakes | 197 | $72,500 | $244,100 | — |
| Bagley | 1,248 | $44,896 | $138,600 | $750 |
| Riverland | 239 | $51,250 | — | $458 |
| Shevlin | 148 | $62,361 | $87,000 | — |
More for people moving to Roy Lake
Roy Lake ZIP code ›Weather and climate ›Living in Roy Lake: FAQ
What is the median household income in Roy Lake, MN?
The median household income in Roy Lake is $99,688, 12% higher 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 Roy Lake?
The median home value in Roy Lake is $321,400, compared with $329,300 in Minnesota.
Is Roy Lake, MN a good place to live?
Pluses: median household income 12% higher than the Minnesota median; home values about the same as the state median. Minuses: an average commute of 41 minutes.
What is the median age in Roy Lake?
The median age in Roy Lake is 48.5 years (Minnesota: 38.8).
How long is the commute in Roy Lake?
The average commute to work in Roy Lake is 41 minutes; 15.8% of workers work from home.
What is the unemployment rate in Roy Lake?
The unemployment rate in Roy Lake is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Roy Lake?
23.8% of adults in Roy 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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