Royal Oak is a city in Michigan state in USA with a population of 59256 residents.. The poverty rate of Royal Oak is 6.5%, which is 54% lower than national average. The typical household in Royal Oak earns $83194 a year, compared to the national median of $67,500. Nearly 27.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Royal Oak, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Royal Oak remained 2.9%, which is 38% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Royal Oak, only 60% of adults have a bachelor's degree and 23% have some college but no degree.

Cost of living in Royal Oak is 101, which is 1% higher than national average. Median home value in Royal Oak is $236600 , which is 3% higher than national average. While median income in Royal Oak remained $83194, which is 23% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.