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06 Sept 2025

How much does the royal family cost? A breakdown of the key figures

How much does the royal family cost? A breakdown of the key figures

Here are some of the key figures from the royal accounts for 2022-2023.

– £86.3 million – The total taxpayer-funded Sovereign Grant, made up of £51.8 million for the “core” funding and an extra £34.5 million for the reservicing of Buckingham Palace.

– £107.5 million – Official net expenditure by the monarchy, a rise of £5.1 million or 5% from £102.4 million in 2021/2022.

– £1.6 million – Amount spent from the Sovereign Grant on the late Queen’s funeral.

– £700,000 – Amount spent from the Sovereign Grant on the Platinum Jubilee (including £300,000 from 2022-23)

– 517 – Full-time equivalent staff paid for from the Sovereign Grant, including fixed term contracts, up from 491.

– £27.1 million – The wage bill for staff, up £3.4 million, or 14%, from £23.7 million the year before.

– £2.4 million – Cost of housekeeping and hospitality for the royal household, up £1.1 million from £1.3 million.

– £3.9 million – Cost of official royal travel, a drop of £0.6 million or about 13%, from £4.5 million the previous year.

– £1.02 million – Cost of 179 helicopter journeys made by members of the royal family.

– £186,571 – Cost of charter flights for the King and Queen to Rwanda for the Commonwealth Heads of Government Meeting.

– £146,219 – Charter flights for the King and Queen’s first official state visit, to Germany in March 2023.

– £25,687 – Cost of a residence-to-residence charter flight for the King, when he flew from Aberdeen to Northolt in October 2022.

– £1.29 – Cost per person in the UK of funding the total Sovereign Grant

– 77p – Cost per person of the “core” part of the Sovereign Grant for official duties, not including funds for the long-term Buckingham Palace works.

– 183,207 – Items of correspondence received by Buckingham Palace in 2022-23 including 67,693 before the Queen’s death, and 115,244 afterwards, making it the busiest year on record for incoming post.

– 9.7% – Proportion of staff from ethnic minority backgrounds working for Buckingham Palace, compared with 9.7% in 2021-22 and 8.5% in 2020-21. The target was 10% and is now 14%.

– 16.3% – Proportion of staff from ethnic minority backgrounds working for Kensington Palace. (13.6% last year)

More than 2,700 – Official engagements by members of the royal family in the UK and overseas, compared with 2,300 last year.

– £5.9 million – Prince of Wales’s private income from the Duchy of Cornwall landed estate – for about six months he spent as a new heir to the throne in 2022-23.

– £6.9 million – Amount of money kept by the landed estate for day-to-day running, instead of going to William as salary.

– £12.8 million – Salary the King received as the Prince of Wales from the Duchy.

– £24 million – The total annual Duchy of Cornwall profit for 2022-23, which would ordinarily have been William’s full salary.

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