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2024 Compare Cities Economy:
Ferndale, MI vs Royal Oak, MI

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Highlights
- Household income in Royal Oak, is 10% more than it is in Ferndale and is 21% above the National Average.
- Ferndale unemployment rate is 3.8%.
- Royal Oak unemployment rate is 2.2%.

Economy
 Ferndale, MIRoyal Oak, MIUnited States
 Unemployment Rate3.8%2.2%6.0%
 Recent Job Growth0.3%0.3%1.6%
 Future Job Growth36.5%39.7%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes4.3%4.3%4.6%
 Income per Cap.$48,050$54,486$37,638
 Household Income$79,181$87,316$69,021
 Family Median Income$99,834$118,848$85,028
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 Est. Households By Income
 Ferndale, MIRoyal Oak, MIUnited States
 Income Less Than 15K8.6%5.2%9.4%
 Income between 15K and 20K2.4%1.6%3.8%
 Income between 20K and 30K4.8%8.4%8.1%
 Income between 30K and 40K6.6%5.8%8.0%
 Income between 40K and 50K7.6%5.3%7.6%
 Income between 50K and 60K7.5%4.9%7.2%
 Income between 60K and 75K9.7%10.8%9.6%
 Income between 75K and 100K19.0%15.0%12.8%
 Income between 100K and 150K17.5%20.5%16.3%
 Income between 150K and 200K12.3%11.8%7.8%
 Income greater than 200K4.1%10.8%9.5%
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 Population By Occupation
 Ferndale, MIRoyal Oak, MIUnited States
 Management, business, finance24.6%25.0%16.4%
 Engineering, computers, science12.7%15.1%6.5%
 Community, social services1.0%1.5%1.8%
 Legal1.9%3.0%1.2%
 Education, library4.7%5.3%6.2%
 Arts, design, media, sports, entertainment6.6%4.1%2.0%
 Healthcare practitioners and technology6.9%8.2%6.2%
 Healthcare support1.3%1.5%3.3%
 Firefighters, law enforcement1.0%1.4%2.1%
 Food preparation, serving4.4%4.2%5.4%
 Building maintenance2.5%2.1%3.6%
 Personal care3.1%2.1%2.6%
 Sales, office, administrative support16.7%16.8%20.9%
 Farming, fishing, forestry0.0%0.1%0.6%
 Construction, extraction, maintenance/repair3.2%3.6%8.1%
 Production, transportation, material moving9.6%6.1%13.1%

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Reviews for Ferndale    7 Reviews

Over 5 years ago

Ferndale is the heart and soul of the Michigan LGBT community. The pricing on this site is off though-- a studio is $700+ here. A one bedroom is $950+. This is without  More

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I have lived in Ferndale for 20 years. I grew up in the 60's on the East Side of Detroit. I was on the Assessing Review Board and Ferndale's Beautification Commission  More

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Over 12 years ago

Ferndale is a great walking town a short distance from Detroit. Lots of shops and restaurants within a mile of each other. It's also a very progressive community with  More

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Reviews for Royal Oak    20 Reviews

Whoever put crime and urban decay as cons for Royal Oak has never been to Royal Oak. It is a very stable and safe suburb with a lot to do and access to many job  More

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Over 13 years ago

Michigan willturn around as soon as they break the bonds with the car companies.  More

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Over 14 years ago

Fun growing  More

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ZIPS IN FERNDALE, MICHIGAN
48220
ZIPS IN ROYAL OAK, MICHIGAN
48073 48067

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