Royal Oak, MI Profile: Facts & Data

The City of Royal Oak had a population of 58,620 as of July 1, 2024. Royal Oak ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Royal Oak is located at latitude 42.4895 and longitude -83.1446 in Oakland County. The formal boundaries for the City of Royal Oak encompass a land area of 11.78 sq. miles and a water area of 0 sq. miles. Oakland County is in the Eastern time zone (GMT -5).

The City of Royal Oak has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Royal Oak, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	58,620 (100%)
Population in Households	58,390 (99.6%)
Population in Families	36,885 (62.9%)
Population in Group Quarters¹	230 ( 0.4%)
Population Density	4,971
Diversity Index²	33


INCOME
Median Household Income	$100,243
Average Household Income	$130,320
% of Income for Mortgage⁴	21%
Per Capita Income	$67,191
Wealth Index⁵	107
Socioeconomic Status Index⁶	Moderate (61.4)

HOUSING
Total HU (Housing Units)	31,992 (100%)
Owner Occupied HU	20,695 (64.7%)
Renter Occupied HU	9,526 (29.8%)
Vacant Housing Units	1,771 ( 5.5%)
Median Home Value	$343,176
Average Home Value	$392,214
Housing Affordability Index³	108

HOUSEHOLDS
Total Households	30,221
Average Household Size	1.93
Family Households	13,315
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Royal Oak, MI - Peer Comparisons by Rank and Percentile

The table below compares Royal Oak to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.16%	-0.17%
Households	0.68%	0.33%
Families		0.04%
Median Household Income		1.99%
Per Capita Income		3.11%
Owner Occupied HU		0.83%

Variable Description	Rank	Percentile
Total Population	# 21	97th
Population Density	# 14	98th
Median Household Income	# 59	92nd
Housing Affordability Index	# 241	32nd
Per Capita Income	# 35	95th
Diversity Index	# 190	75th

Royal Oak, MI Profile: Facts & Data

Royal Oak, Michigan - Basic Facts

Royal Oak, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Royal Oak, MI - Peer Comparisons by Rank and Percentile

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