Lake Royale, NC
Population 2,959 · North Carolina
About Lake Royale, NC
Lake Royale is a small community in North Carolina with a population of 2,959 residents. The median household income is $96,250 per year, which is above the national average. The median age in Lake Royale is 45.2 years.
Housing in Lake Royale has a median home value of $263,000 and median monthly rent of $1,144. Of the 2,099 total housing units, the majority are owner-occupied, with 1,207 owner-occupied and 97 renter-occupied units.
The unemployment rate in Lake Royale is 1.7% and the poverty rate is 6.6%. 21.1% of residents hold a bachelor's degree or higher. The average commute time is 35.2 minutes.
Cost of Living in Lake Royale, NC
Compared to national averages, Lake Royale has a median household income of $96,250 (28% above the national median of $75,149). Home values average $263,000, which is 7% above the national median. Monthly rent at $1,144 is 2% below the US average of $1,163. Within North Carolina, Lake Royale's income is 49% above the state average of $64,468, and home values are 15% above the state median of $228,922.
Why Live in Lake Royale, NC?
Lake Royale offers a strong local economy with a median household income of $96,250, well above the national average, and rent that’s lower than the national average at $1,144/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 6.6%, better than the national average.
Lake Royale has a population of 2,959 with a median age of 45.2 years. Compare Lake Royale with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Lake Royale
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Yadkinville | 2,986 | $43,577 | $172,800 | Compare |
| Avery Creek | 2,998 | $107,684 | $326,200 | Compare |
| Troy | 2,905 | $60,167 | $134,500 | Compare |
| Granite Quarry | 3,015 | $53,072 | $246,500 | Compare |
| Lake Junaluska | 2,903 | $82,115 | $329,600 | Compare |
| Fairfield Harbour | 2,898 | $69,661 | $278,800 | Compare |
| River Bend | 2,896 | $68,314 | $233,700 | Compare |
| Bayshore | 2,870 | $97,174 | $498,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Royale
What is the population of Lake Royale, NC?
The population of Lake Royale, NC is 2,959 according to the latest Census data.
What is the median household income in Lake Royale?
The median household income in Lake Royale, NC is $96,250 per year.
What is the median home value in Lake Royale?
The median home value in Lake Royale, NC is $263,000.
What is the average rent in Lake Royale?
The median monthly rent in Lake Royale, NC is $1,144.
What is the unemployment rate in Lake Royale?
The unemployment rate in Lake Royale, NC is 1.7%.