Royal Lakes, IL is a great place to live for those looking for an affordable option. The 2 bedroom rent rate is $810 versus the US average of $1,430. Not just that, but the Grocery Cost Index in Royal Lakes is 92 versus the 100 found in the US on average. As such, this makes Royal Lakes an appealing option for budget conscious individuals and families.
The town offers a range of amenities and companies including B & M Garden Center, Log Cabin Bar & Grill, and L & M Auto Repair. There are also a range of parks nearby where locals can enjoy outdoor activities. Royal Lakes has something for everyone from young professionals to retirees—making it a great choice for anyone looking for an affordable yet enjoyable home.
Royal Lakes has an unemployment rate of 5.0%. The US average is 6.0%.
Royal Lakes has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Royal Lakes
- The Sales Tax Rate for Royal Lakes is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Royal Lakes 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 Lakes
- The average income of a Royal Lakes resident is $18,487 a year. The US average is $28,555 a year.
- The Median household income of a Royal Lakes resident is $18,000 a year. The US average is $69,021 a year.