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Round Lake, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
333
Population
$71,667
Median Income
$109,900
Home Value
44.5
Median Age

Demographics

Round Lake has a population of 333 with a median age of 44.5. Here is the racial and ethnic breakdown of the population:

White
85.0%
Hispanic
7.8%
Other
3.6%
Black
3.3%
Demographic Value
Total Population333
Median Age44.5
White85.0%
Black or African American3.3%
Asian0.3%
Hispanic or Latino7.8%
Other / Two or More Races3.6%
Round Lake, Minnesota — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 85.0%Hispanic/Latino: 7.8%Other: 3.6%Black: 3.3%Other: 0.3%333PopulationWhiteWhite85.0%Hispanic/LatinoHispanic/Latino7.8%OtherOther3.6%BlackBlack3.3%OtherOther0.3%

Income & Economy

The median household income in Round Lake is $71,667, which is 11.1% below the national median of $80,610. The per capita income is $36,799. The poverty rate is 7.0%.

$71,667
Median Household Income
$36,799
Per Capita Income
7.0%
Poverty Rate

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Education

In Round Lake, 92.2% of residents age 25+ have a high school diploma or higher, and 14.5% hold a bachelor's degree or higher (0.4% with a graduate or professional degree).

HS Diploma+
92.2%
Bachelor's+
14.5%
Graduate+
0.4%
Education Level % of Adults (25+)
High School Diploma or Higher92.2%
Bachelor's Degree or Higher14.5%
Graduate or Professional Degree0.4%

Housing

The median home value in Round Lake is $109,900, below the national median of $303,400. The homeownership rate is 74.1%.

$109,900
Median Home Value
74.1%
Homeownership Rate
Housing Metric Value
Median Home Value$109,900
Homeownership Rate74.1%
Vacancy Rate19.8%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Round Lake, Minnesota?
The population of Round Lake, Minnesota is 333 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Round Lake, Minnesota?
The median household income in Round Lake, Minnesota is $71,667. This is 11.1% below the national median of $80,610.
What is the median home value in Round Lake, Minnesota?
The median home value in Round Lake, Minnesota is $109,900.
What percentage of people in Round Lake have a college degree?
In Round Lake, Minnesota, 14.5% of adults age 25 and older hold a bachelor's degree or higher, and 92.2% have a high school diploma or higher.
Is Round Lake, Minnesota an affordable place to live?
The home price-to-income ratio in Round Lake, Minnesota is 1.5x (median home value $109,900 vs. median income $71,667), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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