Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Located in the state of North Carolina, Lake Royale is a smaller city with a population of 3,228 people. According to the most recent Census, 79% of Lake Royale residents are White, 20% Black and 1% Asian. If you are looking for a family friendly city, Lake Royale might be a good fit as 73% of the population over 15 years old are married, and 47% have kids who are 18 years old or younger. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lake Royale entails a longer-than-average one-way commute time, averaging 34 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Lake Royale, North Carolina could be a fulfilling experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Lake Royale, AreaVibes has created a livability score using key metrics like commute, health & safety, education, employment and more.
Lake Royale has a livability score of 62 out of 100 and is ranked #366 in North Carolina and #14,380 in the USA. There are nine total categories that create the livability score. Lake Royale ranks well for crime (A-), cost of living (A), employment (C+) and housing (B+) There is at least one category that did not score well in Lake Royale. The following was graded with a discouraging score: amenities (F) and education (F).
Unemployment rates can range pretty dramatically from one city to another. Knowing that Lake Royale has an unemployment rate of 1.29% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lake Royale market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lake Royale is actually affordable. The median home price for Lake Royale homes is $190,000, which is 20.9% higher than the North Carolina average. If we take a closer look at the affordability of homes in Lake Royale, we’ll see that the home price to income ratio is 3.4, which is 3% higher than the North Carolina average.
| Statistic | Lake Royale | North Carolina | National |
| Average one way commute | 34min | 24min | 26min |
| Workers who drive to work | 92.1% | 81.1% | 76.4% |
| Workers who carpool | 7.9% | 9.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.0% | 1.8% | 2.8% |
| Working from home | 0.0% | 4.8% | 4.6% |
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