Living in Royal Lakes, Illinois
Cost of living, income, home prices, rent and demographics of Royal Lakes · Census data 2020–2024
Royal Lakes has 301 residents with a median age of 37.4. The median home value is $54,300, the median rent is $280/month.
Royal Lakes is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Royal Lakes at a glance
- Population
- 301
- Median age
- 37.4State: 39
- Median home value
- $54,300State: $263,300
- Median rent
- $280/moState: $1,274
- Homeowners
- 58.2%
- Bachelor's degree or higher
- 3.3%
Is Royal Lakes a good place to live?
Pros: Home values 79% lower than the state median.
Cons: A poverty rate of 24.3%.
The weather is best in May–June and August–September.
Cost of living in Royal Lakes
Housing is the biggest part of the cost of living. In Royal Lakes the median home value is $54,300, 84% lower than the U.S. median. Renters pay a median of $280 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,222 a month in housing costs.
Housing in Royal Lakes: homes for sale and rent
- Housing units
- 132
- Owner-occupied
- 58.2%
- Renter-occupied
- 41.8%
- Vacant
- 31.1%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 3.31
31.1% of homes are vacant most of the year, a sign that Royal Lakes has many vacation and second homes.
Royal Lakes demographics
- Population
- 301
- Median age
- 37.4
- Under 18
- 15.3%
- 65 and older
- 16.3%
- Households
- 91
- Foreign-born
- 3%
- Veterans
- 18.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Royal Lakes ›
Education in Royal Lakes
3.3% of adults 25 and older in Royal Lakes have a bachelor's degree or higher (Illinois: 37.8%), and 0% have a graduate or professional degree.
Jobs and commute in Royal Lakes
- Unemployment rate
- 0%State: 5.8%
- Average commute
- —State: 28 min
- Work from home
- 12.1%
- Drive alone
- 54.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.1%
Royal Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Royal Lakes | 301 | — | $54,300 | $280 |
| Dorchester | 182 | $127,500 | $153,800 | — |
| Shipman | 618 | $56,771 | $89,400 | — |
| Bunker Hill | 1,178 | $75,917 | $137,500 | $862 |
| Wilsonville | 505 | $45,417 | $85,000 | $833 |
| Mount Clare | 292 | $66,875 | $102,500 | $596 |
| Gillespie | 2,815 | $82,772 | $91,000 | $750 |
| East Gillespie | 367 | $63,500 | $135,400 | $868 |
| Benld | 1,495 | $47,850 | $82,400 | $826 |
More for people moving to Royal Lakes
Royal Lakes ZIP code ›Weather and climate ›Living in Royal Lakes: FAQ
What is the average home price in Royal Lakes?
The median home value in Royal Lakes is $54,300, compared with $263,300 in Illinois.
How much is rent in Royal Lakes?
The median gross rent in Royal Lakes is $280 per month, about 27.6% of household income.
Is Royal Lakes, IL a good place to live?
Pluses: home values 79% lower than the state median. Minuses: a poverty rate of 24.3%.
What is the median age in Royal Lakes?
The median age in Royal Lakes is 37.4 years (Illinois: 39).
What is the unemployment rate in Royal Lakes?
The unemployment rate in Royal Lakes is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Royal Lakes?
3.3% of adults in Royal Lakes have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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