Cost of Living and Housing in Royal Oak, Michigan

Royal Oak has about 57,950 residents. Median gross rent is $1,381 per month and median household income is $101,109.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,381/mo 17% below the dataset median

Median Home Value $328,700 12% below the dataset median

Median Household Income $101,109 20% above the dataset median

Owner-Occupied Homes 68% Share of occupied housing units

Rent-to-Income Baseline 16% Annual median rent ÷ household income

Home Value-to-Income 3.3x Median value ÷ household income

How Royal Oak compares

Rent is 17% below the dataset median, while household income is 20% above the dataset median. Within Michigan, Royal Oak ranks #50 from lowest to highest rent and #8 from highest to lowest household income among 59 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Michigan

Frequently asked questions

What is the median rent in Royal Oak?

Median gross rent is $1,381 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Royal Oak?

The median value of owner-occupied homes is $328,700 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Royal Oak is $101,109 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.