Royal Oak, MI 48073 has a population of approximately 33,800 and experiences a population change rate of -2.63%. The population density is 4,580.6 / sq mi .
Royal Oak, MI 48073 has a population of approximately 33,800 and experiences a population change rate of -2.63%. The population density is 4,580.6 / sq mi .
The median household income for Royal Oak, MI 48073 is $82,049, with 16,458 households and an average household size of 2.07.
The median value of a home in Royal Oak, MI 48073 is $272,100 with an appreciation rate of 10.80%. 59.66% of housing in the state is owned while 33.22% is rented.
The cost of living in Royal Oak, MI 48073 is 111.2 %.
The unemployment rate in Royal Oak, MI 48073 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 48073 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Royal Oak, MI 48073 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 32.9 inches per year, with 32 inches of snow per year.