Lake Royale, NC is a wonderful town located in North Carolina. It is a great place to live with plenty of advantages for those looking for a relaxed yet vibrant lifestyle. The 2 bedroom rent is $1,130 which is cheaper than the US average of $1,430, and the grocery cost index in Lake Royale is 96 versus 100 in the US. This makes it an attractive destination for people wanting to save money while still enjoying a great quality of life.
There are many local businesses in the area that provide goods and services for residents of Lake Royale and its visitors alike. These include local restaurants such as Granny's Kitchen, supermarkets such as Publix Supermarket, banks like Wells Fargo Bank, pharmacies like Walgreens Pharmacy, gas stations such as BP Gas Station and many more. All these businesses provide excellent services making Lake Royale a great place to live and work.
Lake Royale has an unemployment rate of 4.5%. The US average is 6.0%.
Lake Royale has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Lake Royale
- The Sales Tax Rate for Lake Royale is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Royale is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Royale
- The average income of a Lake Royale resident is $24,991 a year. The US average is $28,555 a year.
- The Median household income of a Lake Royale resident is $92,917 a year. The US average is $69,021 a year.