2025 Compare Cities Economy:
Petoskey, MI vs Round Lake, IL

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Highlights
- Household income in Round Lake, is 44% more than it is in Petoskey and is 20% above the National Average.
- Petoskey unemployment rate is 7.5%.
- Round Lake unemployment rate is 6.4%.
 Petoskey, MIRound Lake, ILUnited States
 Unemployment Rate  Unlock6.4%6.0%
 Recent Job Growth  Unlock2.4%1.6%
 Future Job Growth24.2%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$46,834  Unlock$37,638
 Household Income  Unlock$86,451$69,021
 Family Median Income$79,952  Unlock$85,028
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 Est. Households By Income
 Petoskey, MIRound Lake, ILUnited States
 Income Less Than 15K  Unlock8.1%9.4%
 Income between 15K and 20K2.6%  Unlock3.8%
 Income between 20K and 30K  Unlock5.0%8.1%
 Income between 30K and 40K10.5%  Unlock8.0%
 Income between 40K and 50K  Unlock8.7%7.6%
 Income between 50K and 60K5.7%  Unlock7.2%
 Income between 60K and 75K  Unlock6.4%9.6%
 Income between 75K and 100K11.0%  Unlock12.8%
 Income between 100K and 150K  Unlock21.9%16.3%
 Income between 150K and 200K8.5%  Unlock7.8%
 Income greater than 200K  Unlock9.9%9.5%
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 Population By Occupation
 Petoskey, MIRound Lake, ILUnited States
 Management, business, finance12.2%  Unlock16.4%
 Engineering, computers, science  Unlock9.8%6.5%
 Community, social services3.6%  Unlock1.8%
 Legal  Unlock0.2%1.2%
 Education, library15.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.1%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock3.6%3.3%
 Firefighters, law enforcement0.7%  Unlock2.1%
 Food preparation, serving  Unlock5.7%5.4%
 Building maintenance5.7%  Unlock3.6%
 Personal care  Unlock1.8%2.6%
 Sales, office, administrative support19.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.3%0.6%
 Construction, extraction, maintenance/repair3.7%  Unlock8.1%
 Production, transportation, material moving  Unlock13.3%13.1%
Reviews for Petoskey    15 Reviews

The people in Petoskey are generally pleasant, friendly, and courteous .... even the teenagers in our experience. Petoskey is certainly a physically attractive area in  More

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Petoskey, between Harbor Springs and Charlevoix, is in a trio of small northern Lower Michigan towns that exceeds the charm and sophistication of typical small towns.   More

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Over 6 years ago

My husband and I have lived in Petoskey for 8 years. We have lived in Arizona, Utah, Colorado, Virginia and Ohio and by far, Petoskey is our favorite place to live. We  More

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Reviews for Round Lake    2 Reviews

Round Lake, Illinois is a town that stretches from Route 60 on the southern borders to about Fish Lake Road on the western edge to Route 134 on the northern fringes.   More

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Over 18 years ago

Absolutely without a doubt the worst place in America to live. Property taxes are the highest in the State 3.76 % of value. If you have the misfortune of working in  More

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