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The total population of Royal Oak is estimated to be 58,053 with 29,749 males (51.24%) and 28,304 females (48.76%). There are 1,445 less females than males in Royal Oak.
The median household income in Royal Oak was $94,381 in 2021, which marked an an increase of 110(0.12%) from $94,271 in 2020. This income is 126.51% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Royal Oak sees its highest median household income among householders in the age group of 25 to 44 years old, at $114,610. Overall, the median household income for the city of Royal Oak stands at $94,381.
In Royal Oak, the median income for all workers aged 15 years and older, regardless of work hours, was $71,362 for males and $47,101 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $91,669 for males and $69,598 for females.
In Royal Oak, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $104,938, while Black or African American households represent the opposite end with the lowest median household income of $34,983.
In 2022, the population of Royal Oak was 57,495, a 0.57% decrease year-by-year from 2021. Previously, in 2021, Royal Oak's population was 57,826, a decline of 0.34% compared to a population of 58,023 in 2020.
The median age in Royal Oak, MI is 35.8, as per 2021 ACS 5-Year Estimates. Of the total population, 12.91% were under the age of 15, 24.19% aged 15 to 29, 48.81% aged 30 to 64, 12.51% aged 65 to 84, and 1.58% were 85 years of age and older.
Racial distribution of Royal Oak population: 86.05% are White, 5.57% are Black or African American, 0.11% are American Indian and Alaska Native, 3.70% are Asian, 0.03% are Native Hawaiian and other Pacific Islander, 0.71% are some other race and 3.85% are multiracial.