Is the British Royal Family Worth the Money?

Calls for the U.K. to abolish the monarchy and become a republic are ever-present, but they tend to tick up during big, royal-centric events. Still, about 80 percent of Britons approve of the monarchy fairly consistently.

And that may be for good reason — there’s at least some evidence that the monarchy brings in heaps of tourism revenue.

According to Buckingham Palace, sustaining the royal family costs Britons 53 pence, or about 81 cents, per person, per year. The total came to about 33.3 million pounds (about $51.1 million) for 2012-2013, according to the Palace, up from 32.4 million pounds the previous year.

Calls for the U.K. to abolish the monarchy and become a republic are ever-present, but they tend to tick up during big, royal-centric events. Still, about 80 percent of Britons approve of the monarchy fairly consistently.

And that may be for good reason — there’s at least some evidence that the monarchy brings in heaps of tourism revenue.

According to Buckingham Palace, sustaining the royal family costs Britons 53 pence, or about 81 cents, per person, per year. The total came to about 33.3 million pounds (about $51.1 million) for 2012-2013, according to the Palace, up from 32.4 million pounds the previous year.