salaryRent is lower than in 55% 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 33 minutes each way. Most homes (87.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $62,000 a year. That is $30 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 176 of 334 cities from cheapest to most expensive.
How much do households earn in Round Lake Park?
Share of households by yearly income. 9.4% of households earn $100,000 or more.
Rent by apartment size in Round Lake Park
| Size | Round Lake Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,273 | $1,324 |
| 2 bedrooms | $1,353 | $1,509 |
| 3 bedrooms | $1,684 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Round Lake Park 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 Park, so the Illinois figure is shown.
Taxes and bills in Round Lake Park
Life in Round Lake Park
Is it cheaper to rent or buy in Round Lake Park?
Buying is cheaper month to month: about $406 a month less than renting.
Owning assumes a typical $164,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,490 for the down payment.
Frequently asked questions
What is the average rent in Round Lake Park, IL?
Renting in Round Lake Park costs a median of about $1,550 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Round Lake Park?
To keep rent under 30% of income, you need about $62,000 a year, or $30 an hour at a full-time job.
Is Round Lake Park cheap or expensive?
Round Lake Park is rated Expensive: rent takes 30.9% of the typical household income of $60,194. It ranks 176th cheapest of 334 Illinois cities we track.
Is Round Lake Park 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 Park?
The median home value in Round Lake Park is $164,900, about 2.7 times the typical yearly household income.
7,919 people live in Round Lake Park. Numbers are typical (middle) values.