Roy Lake, MN
Population 57 · Minnesota
About Roy Lake, MN
Roy Lake is a small community located in Minnesota with a population of 57 residents according to the latest US Census Bureau American Community Survey data. The median household income is $101,250 per year, which is 35% above the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Roy Lake features a median home value of $266,700, which is 9% above the national median of $244,900. This positions Roy Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 52 total housing units, 100% are owner-occupied (16 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Roy Lake shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Roy Lake have an average one-way commute time of 44.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
15.8% of Roy Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 7.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.8% of the population being foreign-born.
Cost of Living in Roy Lake, MN
Compared to national averages, Roy Lake has a median household income of $101,250 (35% above the national median of $75,149). Home values average $266,700, which is 9% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Roy Lake's income is 36% above the state average of $74,221, and home values are 30% above the state median of $204,472.
Why Live in Roy Lake, MN?
Roy Lake offers a strong local economy with a median household income of $101,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Roy Lake has a population of 57 with a median age of 31 years. Compare Roy Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Roy Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bock | 57 | $64,375 | $133,900 | Compare |
| Fish Lake | 57 | $94,375 | $383,300 | Compare |
| Bena | 59 | $60,417 | $112,500 | Compare |
| Gully | 59 | $40,978 | $0 | Compare |
| St. Anthony city (Stearns County), Minnesota | 55 | $83,333 | $187,500 | Compare |
| Trail | 55 | $62,813 | $53,800 | Compare |
| Tintah | 60 | $35,972 | $0 | Compare |
| Whalan | 60 | $112,969 | $225,000 | Compare |
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.
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Frequently Asked Questions about Roy Lake
What is the population of Roy Lake, MN?
The population of Roy Lake, MN is 57 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Roy Lake?
The median household income in Roy Lake, MN is $101,250 per year, which is 35% above the national median of $75,149.
What is the median home value in Roy Lake?
The median home value in Roy Lake, MN is $266,700, which is 9% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Roy Lake?
The median monthly rent in Roy Lake, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Roy Lake?
The unemployment rate in Roy Lake, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Roy Lake, MN a good place to live?
Roy Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 57 and a median age of 31, the city appeals to young professionals and families.
How educated is Roy Lake, MN?
15.8% of residents in Roy Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Roy Lake?
Key cost-of-living indicators for Roy Lake, MN: median home value is $266,700 (9% above national), median rent is $0/month, and median household income is $101,250. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Roy Lake?
The poverty rate in Roy Lake, MN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Roy Lake, MN?
Roy Lake's population is 0.0% White, 7.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.8% of residents are foreign-born.