Round Lake, NY
Population 956 · New York
About Round Lake, NY
Round Lake is a small community located in New York with a population of 956 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,263 per year, which is 27% above the national median of $75,149. The median age of 44.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Round Lake features a median home value of $314,200, which is 28% above the national median of $244,900. This positions Round Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,655, 42% above the national average of $1,163/month. Of the 463 total housing units, 86% are owner-occupied (365 units) and 14% are renter-occupied (59 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Round Lake shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Round Lake have an average one-way commute time of 22.6 minutes.
Education & Demographics
56.1% of Round Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 6.3% of the population being foreign-born.
Cost of Living in Round Lake, NY
Compared to national averages, Round Lake has a median household income of $95,263 (27% above the national median of $75,149). Home values average $314,200, which is 28% above the national median. Monthly rent at $1,655 is 42% above the US average of $1,163. Within New York, Round Lake's income is 2% below the state average of $96,987, and home values are 19% below the state median of $387,181.
Why Live in Round Lake, NY?
Round Lake offers a strong local economy with a median household income of $95,263, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 56.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.6%, better than the national average, and short commute times averaging just 22.6 minutes.
Round Lake has a population of 956 with a median age of 44.1 years. Compare Round Lake with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Round Lake
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fair Haven | 956 | $60,694 | $184,100 | Compare |
| Woodridge | 954 | $58,281 | $209,300 | Compare |
| Arkport | 953 | $69,911 | $115,300 | Compare |
| North Haven | 953 | $181,250 | $1,773,800 | Compare |
| New Berlin | 947 | $55,156 | $105,200 | Compare |
| Otego | 965 | $76,908 | $173,800 | Compare |
| Andover | 968 | $69,375 | $74,300 | Compare |
| Great Bend | 942 | $0 | $125,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Round Lake
What is the population of Round Lake, NY?
The population of Round Lake, NY is 956 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Round Lake?
The median household income in Round Lake, NY is $95,263 per year, which is 27% above the national median of $75,149.
What is the median home value in Round Lake?
The median home value in Round Lake, NY is $314,200, which is 28% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Round Lake?
The median monthly rent in Round Lake, NY is $1,655, which is 42% above the national average of $1,163/month.
What is the unemployment rate in Round Lake?
The unemployment rate in Round Lake, NY is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Round Lake, NY a good place to live?
Round Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 956 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Round Lake, NY?
56.1% of residents in Round Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Round Lake?
Key cost-of-living indicators for Round Lake, NY: median home value is $314,200 (28% above national), median rent is $1,655/month, and median household income is $95,263. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Round Lake?
The poverty rate in Round Lake, NY is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Round Lake, NY?
Round Lake's population is 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 2.1% two or more races. 6.3% of residents are foreign-born.