Round Lake Park, IL
Population 7,833 · Illinois
About Round Lake Park, IL
Round Lake Park is a small community in Illinois with a population of 7,833 residents. The median household income is $57,486 per year, which is near the national average. The median age in Round Lake Park is 46.4 years.
Housing in Round Lake Park has a median home value of $157,900 and median monthly rent of $1,320. Of the 3,351 total housing units, the majority are owner-occupied, with 2,659 owner-occupied and 416 renter-occupied units.
The unemployment rate in Round Lake Park is 8.4% and the poverty rate is 11.5%. 16.3% of residents hold a bachelor's degree or higher. The average commute time is 32 minutes.
Cost of Living in Round Lake Park, IL
Compared to national averages, Round Lake Park has a median household income of $57,486 (24% below the national median of $75,149). Home values average $157,900, which is 36% below the national median. Monthly rent at $1,320 is 13% above the US average of $1,163. Within Illinois, Round Lake Park's income is 23% below the state average of $75,072, and home values are 5% below the state median of $165,779.
Why Live in Round Lake Park, IL?
Round Lake Park offers affordable housing with a median home value of $157,900, below the US average of $244,900, and a low poverty rate of 11.5%, better than the national average.
Potential considerations include median household income ($57,486) that falls below the national average. However, Round Lake Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Round Lake Park has a population of 7,833 with a median age of 46.4 years. Compare Round Lake Park with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Round Lake Park
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Princeton | 7,829 | $57,682 | $131,300 | Compare |
| West Dundee | 7,867 | $104,750 | $342,900 | Compare |
| Broadview | 7,898 | $60,139 | $240,600 | Compare |
| South Beloit | 7,930 | $81,836 | $160,800 | Compare |
| Lincolnshire | 7,937 | $179,735 | $625,800 | Compare |
| Silvis | 7,939 | $67,569 | $161,300 | Compare |
| Island Lake | 8,023 | $98,125 | $241,900 | Compare |
| Oak Brook | 8,028 | $171,123 | $867,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Round Lake Park
What is the population of Round Lake Park, IL?
The population of Round Lake Park, IL is 7,833 according to the latest Census data.
What is the median household income in Round Lake Park?
The median household income in Round Lake Park, IL is $57,486 per year.
What is the median home value in Round Lake Park?
The median home value in Round Lake Park, IL is $157,900.
What is the average rent in Round Lake Park?
The median monthly rent in Round Lake Park, IL is $1,320.
What is the unemployment rate in Round Lake Park?
The unemployment rate in Round Lake Park, IL is 8.4%.