Round Lake, ND is a small town with an estimated population of just over 500 people. It offers an affordable cost of living compared to the US average as evidenced by its 2 bedroom rent being $760 compared to the US average of $1,430. Groceries are also less expensive in Round Lake, with a grocery cost index of 93 versus 100 in the US. The town offers many unique businesses and services such as Joe's Hardware which sells tools and supplies for all your home improvement needs and Sue's Bakery which sells delicious homemade pastries. There are also many outdoor activities to be enjoyed such as fishing, hiking, and camping at nearby Round Lake State Park.
Round Lake has an unemployment rate of 6.8%. The US average is 6.0%.
Round Lake has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Round Lake
- The Sales Tax Rate for Round Lake is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Round Lake is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Round Lake
- The average income of a Round Lake resident is $26,263 a year. The US average is $28,555 a year.
- The Median household income of a Round Lake resident is $90,313 a year. The US average is $69,021 a year.