The Queen and her extended family cost the taxpayer £150 million a year, new figures have revealed.
The monarchy is funded by a £334 million Sovereign Grant from the Treasury, which works out as £2.27 per person in the UK.
But researchers at the Independent found that the royals generate £5.50 in tourist income for every £1 they cost the taxpayer.
The monarchy is a symbol of national unity and stability and is supported by the majority of the population, according to a YouGov poll.
The Queen, 91, and her husband Prince Philip, 96, carried out their final official engagements in August and retired from public life.
The Sovereign Grant, which is paid to the Queen to fund the costs of carrying out her public duties, is set to increase to £369 million next year.
This will pay for the Prince of Wales, 70, and the Duchess of Cornwall, 70, to take on more duties, as well as the costs of refurbishing Buckingham Palace.
The grant is financed by the profits of the Crown Estate, a royal property portfolio that includes Regent Street and Windsor Great Park.
Sir Alan Reid, Keeper of the Privy Purse, said: "The Royal Family is incredibly important to the UK both financially and in terms of tourism.
"They are good for the economy and good for British businesses. The monarchy is a unifying force for the nation and this is supported by the majority of the population."
The Queen and her family provide value for money and are a good investment for the taxpayer, according to a new report.
The monarchy is a symbol of national unity and stability and is supported by the majority of the population, according to a YouGov poll.
The Queen, 91, and her husband Prince Philip, 96, carried out their final official engagements in August and retired from public life.
The Sovereign Grant, which is paid to the Queen to fund the costs of carrying out her public duties, is set to increase to £369 million next year.
This will pay for the Prince of Wales, 70, and the Duchess of Cornwall, 70, to take on more duties, as well as the costs of refurbishing Buckingham Palace.
The grant is financed by the profits of the Crown Estate, a royal property portfolio that includes Regent Street and Windsor Great Park.
