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Romeo is considered a Small Town with a population of 3,620 and 635 businesses. 9 in 2018 were added to the Romeo Chamber of Commerce business directory which was less than 2017 which had 12.

The economy of Romeo employs 2,367 people and has an unemployment rate of 7.4%. Some of the largest industries in Romeo are Professional Services (31),Restaurants (22), and Insurance (17).
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