salaryRent is higher than in 63% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.3 minutes each way. Most homes (77.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $75,640 a year. That is $36 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 249 of 334 cities from cheapest to most expensive.
How much do households earn in Round Lake?
Share of households by yearly income. 42.4% of households earn $100,000 or more.
Rent by apartment size in Round Lake
| Size | Round Lake | U.S. average |
|---|---|---|
| 1 bedroom | $1,542 | $1,324 |
| 2 bedrooms | $1,811 | $1,509 |
| 3 bedrooms | $2,575 | $1,698 |
| 4 bedrooms | $3,422 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Round Lake overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Round Lake, so the Illinois figure is shown.
Taxes and bills in Round Lake
Life in Round Lake
Is it cheaper to rent or buy in Round Lake?
About the same. Renting and owning cost within $42 of each other each month.
Owning assumes a typical $278,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,860 for the down payment.
Frequently asked questions
What is the average rent in Round Lake, IL?
Renting in Round Lake costs a median of about $1,891 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Round Lake?
To keep rent under 30% of income, you need about $75,640 a year, or $36 an hour at a full-time job.
Is Round Lake cheap or expensive?
Round Lake is rated Cheap: rent takes 18.8% of the typical household income of $120,767. It ranks 249th cheapest of 334 Illinois cities we track.
How much are property taxes in Round Lake?
The median homeowner in Round Lake pays $7,860 a year in property taxes, about 2.82% of the median home value.
Is Round Lake more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Round Lake?
The median home value in Round Lake is $278,600, about 2.3 times the typical yearly household income.
18,628 people live in Round Lake. Numbers are typical (middle) values.