Royal Oak, MI
57,950Residents
$101,109Median household income
$1,381/moMedian gross rent
$328,700Median home value
36.9Median age
64%Adults with a bachelor’s degree or higher
68%Homes lived in by their owners
3.3×Home value to household income
Median rent takes about 16% of the median household income in Royal Oak.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $55,000 a year. In Michigan that leaves roughly $3,670 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.