Royal Oak, MI (48067) is an exciting place to live. It boasts a variety of local businesses and attractions that make it an ideal place for people to live and work. The median 2 bedroom rent in Royal Oak is $1,690, slightly higher than the national average of $1,430. Additionally, the Grocery Cost Index in Royal Oak is 99 compared with 100 nationally. Some of the top attractions that draw people to this city include the Detroit Zoo, Red Oaks Waterpark, and Stagecrafters Theatre Company. Other notable spots are Oak Park Shopping Center and Tafton Farms Market & Cafe. There are also numerous restaurants that range from casual eateries to fine dining establishments including Como's Pizzeria & Grill, La Dulce Vida Bakery & Cafe, and Pronto Italian Restaurant & Bar.
Royal Oak (zip 48067) has an unemployment rate of 2.2%. The US average is 6.0%.
Royal Oak (zip 48067) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Royal Oak (zip 48067)
- The Sales Tax Rate for Royal Oak (zip 48067) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Royal Oak (zip 48067) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Royal Oak (zip 48067)
- The average income of a Royal Oak (zip 48067) resident is $41,388 a year. The US average is $28,555 a year.
- The Median household income of a Royal Oak (zip 48067) resident is $93,902 a year. The US average is $69,021 a year.