Lake Royale cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake RoyaleNorth CarolinaNational
Cost of living index10297100
IndexLake RoyaleNorth CarolinaNational
Goods & Services index100101100
Groceries index100100100
Health care index99104100
Housing index10787100
Transportation index99102100
Utilities index98100100

Did you know?

  • The cost of living in Lake Royale is 5% higher than the North Carolina average.
  • The cost of living in Lake Royale is 2% higher than the national average.
  • The cost of housing in Lake Royale is 7% higher than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Compare Lake Royale, NC Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,654$3,721$1,042$1,340
Renters$44,583$3,715$1,040$1,338

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%

Goods & Services

ItemLake RoyaleNational avg.Difference
Haircut $18.57$14.5927.3%
Beauty Salon $40.57$34.6817.0%
Toothpaste $2.44$2.471.3%
Shampoo $1.01$1.021.2%
Movie $9.86$9.870.1%
Bowling $4.44$4.391.1%

Groceries

ItemLake RoyaleNational avg.Difference
Ground Beef $4.69$4.484.8%
Fried Chicken $1.35$1.467.8%
Milk $2.50$2.366.1%
Potatoes $3.64$3.0618.9%
Pizza $9.27$9.240.3%
Beer $8.62$8.630.1%

Health Care

ItemLake RoyaleNational avg.Difference
Optometrist $98.75$99.781.0%
Doctor $95.79$105.038.8%
Dentist $98.29$88.7010.8%
Ibuprofen $9.61$9.412.1%
Lipitor $258.40$298.5013.4%

Housing

ItemLake RoyaleNational avg.Difference
Home Price $162,000.00$175,700.007.8%
Avg. Mortgage Payment $797.74$1,081.0326.2%
Apartment Rent $1,316.00$920.0043.0%

Transportation

ItemLake RoyaleNational avg.Difference
Gasoline $2.22$2.096.3%
Tire Balancing $35.50$45.2921.6%

Utilities

ItemLake RoyaleNational avg.Difference
All Electricity$147.80$170.8013.5%
Phone $31.99$28.2613.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Castalia, NC28581-19%
Spring Hope, NC1,20585-15%
Momeyer, NC39187-13%
Franklinton, NC1,82387-13%
Bunn, NC38388-12%
Lake Royale, NC3,2801022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Annandale, MN3,28198-2%
Maple Heights-Lake Desire, WA3,28213838%
Russell, KY3,27889-11%
Monmouth Beach, NJ3,27818484%
Robins, IA3,2821044%
Lake Royale, NC3,2801022%
Source: The Lake Royale, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.