Living in Lake Royale, North Carolina
Cost of living, income, home prices, rent and demographics of Lake Royale · Census data 2020–2024
Lake Royale has 3,168 residents with a median age of 47.9. The median household income is $107,806 (49% higher than the North Carolina median), the median home value is $280,400, the median rent is $1,390/month.
Lake Royale at a glance
- Population
- 3,168
- Median age
- 47.9State: 39.1
- Median household income
- $107,806State: $72,388
- Median home value
- $280,400State: $288,900
- Median rent
- $1,390/moState: $1,228
- Homeowners
- 94.5%
- Bachelor's degree or higher
- 22.1%
- Average commute
- 37 min
Is Lake Royale a good place to live?
Pros: Median household income 49% higher than the North Carolina median; home values about the same as the state median; unemployment of 1.3%; a poverty rate of 7.3%.
Cons: An average commute of 37 minutes.
The weather is best in April–May and September–October.
Cost of living in Lake Royale
Housing is the biggest part of the cost of living. In Lake Royale the median home value is $280,400, 16% lower than the U.S. median. Renters pay a median of $1,390 per month, which is 12.8% of household income. Homeowners with a mortgage pay $1,593 a month in housing costs.
Lake Royale median household income
The median household income in Lake Royale is $107,806 and the income per person is $47,727. 7.3% of residents live below the poverty line (North Carolina: 13%).
Housing in Lake Royale: homes for sale and rent
- Housing units
- 2,198
- Owner-occupied
- 94.5%
- Renter-occupied
- 5.5%
- Vacant
- 37.4%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.30
37.4% of homes are vacant most of the year, a sign that Lake Royale has many vacation and second homes.
Lake Royale demographics
- Population
- 3,168
- Median age
- 47.9
- Under 18
- 12.2%
- 65 and older
- 28.2%
- Households
- 1,375
- Foreign-born
- 5.4%
- Veterans
- 11%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Royale ›
Education in Lake Royale
22.1% of adults 25 and older in Lake Royale have a bachelor's degree or higher (North Carolina: 35.7%), and 10.5% have a graduate or professional degree.
Jobs and commute in Lake Royale
- Unemployment rate
- 1.3%State: 4.7%
- Average commute
- 37 minState: 25 min
- Work from home
- 5.9%
- Drive alone
- 89%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.2%
Lake Royale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Royale | 3,168 | $107,806 | $280,400 | $1,390 |
| Bunn | 466 | $68,289 | $256,300 | $1,067 |
| Spring Hope | 1,387 | $38,393 | $161,000 | $763 |
| Momeyer | 398 | $65,278 | $98,800 | $817 |
| Castalia | 247 | $45,625 | $52,500 | $654 |
| Zebulon | 8,711 | $79,112 | $320,700 | $1,109 |
| Middlesex | 867 | $48,281 | $216,900 | $645 |
| Louisburg | 3,263 | $38,036 | $262,500 | $991 |
| Nashville | 5,729 | $61,000 | $205,300 | $1,073 |
More for people moving to Lake Royale
Lake Royale ZIP code ›Weather and climate ›Living in Lake Royale: FAQ
What is the median household income in Lake Royale, NC?
The median household income in Lake Royale is $107,806, 49% higher than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Royale?
The median home value in Lake Royale is $280,400, compared with $288,900 in North Carolina.
How much is rent in Lake Royale?
The median gross rent in Lake Royale is $1,390 per month, about 12.8% of household income.
Is Lake Royale, NC a good place to live?
Pluses: median household income 49% higher than the North Carolina median; home values about the same as the state median; unemployment of 1.3%; a poverty rate of 7.3%. Minuses: an average commute of 37 minutes.
What is the median age in Lake Royale?
The median age in Lake Royale is 47.9 years (North Carolina: 39.1).
How long is the commute in Lake Royale?
The average commute to work in Lake Royale is 37 minutes; 5.9% of workers work from home.
What is the unemployment rate in Lake Royale?
The unemployment rate in Lake Royale is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Royale?
22.1% of adults in Lake Royale 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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