Round Lake, MN (population 56167) is a great place to live. It offers a variety of housing choices at very reasonable prices with the average two bedroom rent being $920. This is significantly lower than the US average of $1,430 for a two bedroom. Grocery costs are also quite affordable in Round Lake with an index rating of 93 compared to 100 nationally. There are numerous companies based locally, such as Gavilon LLC, Larson Industries and Ahern Rentals Inc., helping to strengthen the local economy. Additionally, the unemployment rate in Round Lake stands at 2.3% versus 3.9% nationally, providing plenty of job opportunities for its residents.
Round Lake (zip 56167) has an unemployment rate of 3.7%. The US average is 6.0%.
Round Lake (zip 56167) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Round Lake (zip 56167)
- The Sales Tax Rate for Round Lake (zip 56167) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Round Lake (zip 56167) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Round Lake (zip 56167)
- The average income of a Round Lake (zip 56167) resident is $38,727 a year. The US average is $37,638 a year.
- The Median household income of a Round Lake (zip 56167) resident is $57,333 a year. The US average is $69,021 a year.