Royal, IL is a small town located in central Illinois with a population of just over 1,000 people. The cost of living is quite affordable compared to the US as a whole, with an average 2 bedroom rent being only $1,020 versus the US average of $1,430. Additionally, grocery costs are also relatively lower than the national average - the Grocery Cost Index in Royal is 95 while it is 100 in the US.
In terms of businesses, Royal has a wide variety of local stores and companies that cater to all residents' needs. Some popular local names include Metzger Meat Market and Hardware Store for groceries and home improvement supplies respectively; R&G's Country Store for everyday fashion items; and Cheers Bar & Grill for live entertainment and fine dining.
Overall, living in Royal is much more affordable than the national average across different categories such as rent and groceries. With its many local businesses offering various services and products it makes for an attractive place to live with friendly people who make it feel like home.
Royal has an unemployment rate of 5.0%. The US average is 6.0%.
Royal has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Royal
- The Sales Tax Rate for Royal is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Royal is 5.0%. 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 $36,223 a year. The US average is $28,555 a year.
- The Median household income of a Royal resident is $79,464 a year. The US average is $69,021 a year.