Housing costs in Lake Royale?
A typical home costs
$258,700, which is 23.5% less expensive than the national average of
$338,100 and 10.6% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Lake Royale costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and close to the state average of
$1,110.
Can I afford Lake Royale?
To live comfortably in Lake Royale, North Carolina, a minimum annual income of
$49,680 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Lake Royale?
The cost of living in Lake Royale, NC is quite affordable. Renting a one-bedroom apartment averages around $500 per month, while purchasing a home can range from the mid-$100,000’s to over a million dollars depending on size and location. Eating out is also an affordable option with many restaurants offering generous portions for reasonable prices. Groceries are slightly more expensive than the national average, but overall Lake Royale still provides great value when it comes to cost of living.