Can you afford to live in ROYAL OAK?
Median household income, home values and rent in ROYAL OAK, MI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.
U.S. Census Bureau, American Community Survey 5-year estimates.
This story was assembled using AI and public data sources.
What it costs to live in ROYAL OAK.
Median household income: $95,182 — +44.7% since 2015 (not adjusted for inflation)
Median gross rent: $1,335/mo — +48.7% since 2015
Median home value, 2015 to 2023
- 2015: 166200
- 2023: 305900
Median household income
- ROYAL OAK: 95182
- Oakland County: 95296
- MI: 71149
- U.S.: 78538
Median gross rent
- ROYAL OAK: 1335
- Oakland County: 1319
- MI: 1084
- U.S.: 1348
Share of income a typical renter spends on rent: 23.7% — U.S.: 30.2%
What it means
The typical household here earns $95,182 — notably higher than the national figure of $78,538.
The typical renter here spends 23.7% of household income on rent, below the 30% cost-burden line.
Since 2015, rent has risen faster than income here (+48.7% versus +44.7%), before adjusting for inflation.
Sources
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — Population, income, housing, education, commuting and poverty figures
- Census Bureau API — ACS Detailed Tables — The endpoint these pages are generated from
- data.census.gov — Look up the same tables for any place yourself
- ACS accuracy statement — Estimates carry margins of error; small places vary the most
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