Royal Oak, MI 48067 has a population of approximately 25,199 and experiences a population change rate of -0.06%. The population density is 5,490 / sq mi .
Royal Oak, MI 48067 has a population of approximately 25,199 and experiences a population change rate of -0.06%. The population density is 5,490 / sq mi .
The median household income for Royal Oak, MI 48067 is $93,902, with 12,556 households and an average household size of 1.92.
The median value of a home in Royal Oak, MI 48067 is $307,700 with an appreciation rate of 10.80%. 63.03% of housing in the state is owned while 29.82% is rented.
The cost of living in Royal Oak, MI 48067 is 115 %.
The unemployment rate in Royal Oak, MI 48067 is 1.60%, and recent job growth is at 0.83%. Future job growth is projected at 45.92%.
The sales tax rate in Royal Oak, MI 48067 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Royal Oak, MI 48067 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 33.3 inches per year, with 31.8 inches of snow per year.