Economy in Royal Oak, Michigan
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Economy
| Unemployment Rate | 6.40% | 9.10% |
| Recent Job Growth | -0.68% | -0.12% |
| Future Job Growth | 32.24% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $36,054 | $27,067 |
| Household Income | $58,641 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 7.83% | 12.10% |
| Income between 15K and 25K | 8.61% | 10.18% |
| Income between 25K and 35K | 10.54% | 10.56% |
| Income between 35K and 50K | 15.62% | 14.98% |
| Income between 50K and 75K | 20.90% | 19.53% |
| Income between 75K and 100K | 15.32% | 12.52% |
| Income between 100K and 150K | 14.72% | 12.14% |
| Income between 150K and 250K | 3.50% | 3.91% |
| Income between 250K and 500K | 2.61% | 3.34% |
| Income greater than 500K | 0.36% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.97% | 13.81% |
| Professional and Related Occupations | 33.15% | 22.68% |
| Service | 12.73% | 14.51% |
| Sales and Office | 26.04% | 25.22% |
| Farming, Fishing, and Forestry | 0.07% | 0.68% |
| Construction, Extraction, and Maintenance | 5.14% | 9.37% |
| Production, Transportation, and Material Moving | 9.94% | 15.86% |
The unemployment rate in Royal Oak, MI, is 6.40%, with job growth of -0.68%. Future job growth over the next ten years is predicted to be 32.24%.
Royal Oak, MI Taxes
Royal Oak, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Royal Oak, MI Income and Salaries
The income per capita is $36,054, which includes all adults and children. The median household income is $58,641.
Royal Oak Economy SperlingViews
jobs: Michigan willturn around as soon as they break the bonds with the car companies.... (read more)Royal Oak, Michigan: I love Royal Oak most for it's diversity and sense of community. Oakland County, Michigan, and "the Mitt", for that matter, are beautiful areas with some of the... (read more)Climate Review: 5 months of nice weather; too much... (read more)Have an opinion about Royal Oak? Leave a commentTo See All SperlingViews for Royal Oak Click Here
