Housing costs in Royal?
A typical home costs
$107,600, which is 68.2% less expensive than the national average of
$338,100 and 52.8% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Royal costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$970.
Can I afford Royal?
To live comfortably in Royal, Nebraska, a minimum annual income of
$20,520 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Royal?
The cost of living in Royal, NE is relatively low compared to other cities and states in the United States. The median home price in Royal is about $153,000, which is significantly lower than the national average of $217,000. The median household income is also around $64,600 compared to the national average of $53,482. Taxes are also fairly low in Royal with a state income tax rate of 4.02 percent and local sales tax rate of 5.5 percent. All these factors make Royal a great place for people who are looking for an affordable place to live.