Last updated: 2024 BLS data · Page refreshed:
Royal Oak has a population of 57,950 with a median age of 36.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 57,950 |
| Median Age | 36.9 |
| White | 81.7% |
| Black or African American | 6.1% |
| Asian | 3.6% |
| Hispanic or Latino | 4.6% |
| Other / Two or More Races | 4.0% |
The median household income in Royal Oak is $101,109, which is 25.4% above the national median of $80,610. The per capita income is $66,293. The poverty rate is 6.2%.
The unemployment rate in Royal Oak is 2.3%, compared to the national rate of 4.1%.
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In Royal Oak, 97.1% of residents age 25+ have a high school diploma or higher, and 64.1% hold a bachelor's degree or higher (25.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.1% |
| Bachelor's Degree or Higher | 64.1% |
| Graduate or Professional Degree | 25.6% |
The median home value in Royal Oak is $328,700, above the national median of $303,400. The median monthly rent is $1,381. The homeownership rate is 68.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $328,700 |
| Median Monthly Rent | $1,381 |
| Homeownership Rate | 68.0% |
| Vacancy Rate | 6.5% |
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