The Fundamental Facts: Lake Royale

Lake Royale, NC is found in Franklin county, and has a community of 3485, and rests within the greater Raleigh-Durham-Cary, NC metro region. The median age is 39.2, with 10.3% for the populace under 10 years of age, 16.3% are between ten-19 years old, 6.2% of citizens in their 20’s, 18.5% in their thirties, 9.3% in their 40’s, 12.4% in their 50’s, 16.5% in their 60’s, 9.8% in their 70’s, and 0.5% age 80 or older. 52.2% of town residents are male, 47.8% female. 57% of citizens are recorded as married married, with 14% divorced and 22.5% never wedded. The percent of individuals identified as widowed is 6.5%.

The average family unit size in Lake Royale, NC is 3.05 family members members, with 72.5% owning their own houses. The mean home valuation is $183822. For those renting, they spend on average $1129 per month. 49.9% of households have dual incomes, and a median domestic income of $57750. Average income is $24770. 11.1% of town residents live at or below the poverty line, and 19.3% are disabled. 8.9% of residents are ex-members associated with the US military.

The labor force participation rate in Lake Royale is 53.1%,The labor force participation rate in Lake Royale is 53.1%, with an unemployment rate of 2.6%. For everyone in the labor force, the typical commute time is 36.7 minutes. 14.3% of Lake Royale’s residents have a grad diploma, and 16.1% posses a bachelors degree. Among the people without a college degree, 41% attended at least some college, 20.3% have a high school diploma, and just 8.3% have an education less than twelfth grade. 8.1% are not covered by health insurance.

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