Round Lake, MN vs Squaw Lake, MN

Round Lake is moderately more affordable than Squaw Lake, with a 11.4% lower cost of living index. Round Lake scores 59 compared to 66 for Squaw Lake, where the US average is 100. This difference means residents of Squaw Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Round Lake is $593/month compared to $538/month in Squaw Lake — a 10% difference. Interestingly, home values tell a different story: while Squaw Lake has cheaper rent, Round Lake actually has lower median home values ($87,800 vs $200,000).

Median household income in Round Lake is $63,661 compared to $61,875 in Squaw Lake (+2.9%). Round Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Round Lake spend roughly 11.2% of their income on rent, more than the 10.4% in Squaw Lake.

Climate-wise, Round Lake is notably warmer with an average of 46.8°F compared to 36.9°F in Squaw Lake. Round Lake receives more rainfall at 26.8" per year compared to 24.8" in Squaw Lake.