Round Lake is a small town of 404 in Minnesota, with a median household income of $64,063
and a 3.8% unemployment rate.
Its cost of living index is 89 (US average = 100), which is
11% below the national average.
Strengths:
Round Lake stands out for an affordable cost of living, below-average home prices, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Round Lake is right for you depends on your priorities — the full breakdown is below.
All Round Lake city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 88.6
Round Lake's overall cost of living index is 88.6,
where 100 represents the US national average.
Living in Round Lake costs roughly 11% less than the average American city.
Metric
Round Lake, MN
National Avg
Median Home Value
$86,900
$244,900
Median Monthly Rent
$595
$1,163
Homeownership Rate
80.1%
65.9%
Median Household Income
$64,063
$74,755
Crime & Safety
Very Safe
Round Lake's violent crime rate is 245.0 per 100,000 residents
— 36% lower than the national average of ~380 per 100,000.
Violent Crime
245.0 /100k
Property Crime
665.8 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Round Lake, MN
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
13.0%
35.4%
High School Diploma or Higher
92.4%
91.1%
Weather & Climate
Round Lake sees average highs of 22.6°F in January
and 82.0°F in July,
with 30.7 inches of annual precipitation
and 45.6 inches of snow per year.
Round Lake's cost of living index is 89, where 100 is the national average.
That makes Round Lake roughly 11% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $86,900 and median rent is $595/month.
Round Lake's violent crime rate is 245.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 665.8 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Round Lake, MN has a population of 404, a median household income of $64,063, and an unemployment rate of 3.8%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Round Lake averages 22.6°F in January and 82.0°F in July. Annual rainfall is 30.7 inches
with about 45.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Round Lake, MN is covered by 1 ZIP code: 56167.
The population of Round Lake, Minnesota is 404 with a median age of 46.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Round Lake: cost of living index 89 (100 = US average), median home $86,900, median household income $64,063, crime index 51 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Round Lake side by side with your current city to see the trade-offs.