Round Lake, MN
Population 383 · Minnesota
About Round Lake, MN
Round Lake is a small community in Minnesota with a population of 383 residents. The median household income is $63,661 per year, which is near the national average. The median age in Round Lake is 44.9 years.
Housing in Round Lake has a median home value of $87,800 and median monthly rent of $593. Of the 211 total housing units, the majority are owner-occupied, with 134 owner-occupied and 47 renter-occupied units.
The unemployment rate in Round Lake is 4.9% and the poverty rate is 5.8%. 10.0% of residents hold a bachelor's degree or higher. The average commute time is 24.4 minutes.
Cost of Living in Round Lake, MN
Compared to national averages, Round Lake has a median household income of $63,661 (15% below the national median of $75,149). Home values average $87,800, which is 64% below the national median. Monthly rent at $593 is 49% below the US average of $1,163. Within Minnesota, Round Lake's income is 14% below the state average of $74,221, and home values are 57% below the state median of $204,472.
Why Live in Round Lake, MN?
Round Lake offers affordable housing with a median home value of $87,800, below the US average of $244,900, and rent that’s lower than the national average at $593/month, and a low poverty rate of 5.8%, better than the national average. Additionally, the city features short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($63,661) that falls below the national average. However, Round Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Round Lake has a population of 383 with a median age of 44.9 years. Compare Round Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Round Lake
Cities in Minnesota with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Round Lake With Other Cities
Frequently Asked Questions about Round Lake
What is the population of Round Lake, MN?
The population of Round Lake, MN is 383 according to the latest Census data.
What is the median household income in Round Lake?
The median household income in Round Lake, MN is $63,661 per year.
What is the median home value in Round Lake?
The median home value in Round Lake, MN is $87,800.
What is the average rent in Round Lake?
The median monthly rent in Round Lake, MN is $593.
What is the unemployment rate in Round Lake?
The unemployment rate in Round Lake, MN is 4.9%.