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Royal Oak, MI&

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Population
58,823
0.23% growth
Median Age
36.5
Median Household Income
$68,504
4.13% growth
Poverty Rate
7.21%
Number of Employees
35,881
0.63% growth
Median Property Value
$175,200
5.42% growth

About the photo: Ariel view of downtown Detroit

Economy

The economy of Royal Oak, MI employs 35,881 people. The economy of Royal Oak, MI is specialized in Management of Companies & Enterprises; Professional, Scientific, Tech Services; and Manufacturing, which employ respectively 2.56; 1.89; and 1.67 times more people than what would be expected in a location of this size. The largest industries in Royal Oak, MI are Manufacturing (5,808), Healthcare & Social Assistance (5,804), and Professional, Scientific, Tech Services (4,826), and the highest paying industries are Utilities ($83,274), Professional, Scientific, Tech Services ($54,477), and Finance & Insurance ($53,372).

Median household income in Royal Oak, MI is $68,504. Males in Royal Oak, MI have an average income that is 1.24 times higher than the average income of females, which is $54,544. The income inequality of Royal Oak, MI (measured using the Gini index) is 0.467 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Royal Oak, MI. In Oakland County, MI the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 146 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,286. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Royal Oak, MI is from the county of Oakland County, MI.

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Diversity

Royal Oak, MI is home to a population of 58,823 people, from which 96.8% are citizens. The ethnic composition of the population of Royal Oak, MI is composed of 52,189 White residents (88.7%), 2,075 Asian residents (3.53%), 1,989 Black residents (3.38%), 1,469 Hispanic residents (2.5%), and 948 Two+ residents (1.61%). The most common foreign languages in Royal Oak, MI are Other Indo-European (613 speakers), Spanish (567 speakers), and German (387 speakers), but compared to other places, Royal Oak, MI has a relative high number of Other Indo-European (613 speakers), Other (73 speakers), and Polish (269 speakers).

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Education

In 2015 universities in Royal Oak, MI awarded 101 degrees. The student population of Royal Oak, MI is skewed towards females, with 3 male students and 98 female students. Most students in Royal Oak, MI are White (55 and 54.5%), followed by Black or African American (38 and 37.6%), Hispanic or Latino (3 and 2.97%), and Two or more races (2 and 1.98%). The largest universities in Royal Oak, MI by number of graduates are David Pressley School of Cosmetology (101 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Royal Oak, MI are General Cosmetology (74 and 73.3%), N/A (N/A and N/A), and N/A (N/A and N/A). The median tuition costs in Royal Oak, MI are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Royal Oak, MI is $175,200, which is 0.85 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $166,200 to $175,200, a 5.42% increase. The homeownership rate of Royal Oak, MI is 65.7%, which is higher than the national average of 63.6%. People in Royal Oak, MI have an average commute time of 22.9 minutes, and they commute by Drove Alone. Car ownership in Royal Oak, MI is approximately the same as the national average, with an average of 2 cars per household.

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Keep Exploring

United States
nation
Michigan
state
Oakland County, MI
county
Detroit-Warren-Dearborn, MI Metro Area
metropolitan statistical area
Oakland County (Southeast) PUMA, MI
public use microdata area
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