Royal, KS is a small town in the United States that offers an affordable cost of living. The average two-bedroom rent is $870 per month, which is far lower than the national average of $1,430 monthly. Even grocery costs are lower in Royal; the Grocery Cost Index is 94 compared to 100 in the US.
The economy of Royal is bolstered by local businesses like Sumner County Bank, Hilltop Family Restaurant, and Royal Farm Supply & Hardware. These companies provide essential services to residents and ensure that they have access to quality goods and services without having to break the bank.
Overall, Royal is a great option for those looking for an affordable place to live without sacrificing quality amenities. The low cost of rent and groceries make it a great choice for people on tight budgets who still want access to all their necessary items.
Royal has an unemployment rate of 2.6%. The US average is 6.0%.
Royal has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Royal
- The Sales Tax Rate for Royal is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Royal is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Royal
- The average income of a Royal resident is $46,644 a year. The US average is $28,555 a year.
- The Median household income of a Royal resident is $126,471 a year. The US average is $69,021 a year.