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Downtown Royal Oak Apartments For Rent in Royal Oak, MI

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Apartments for Rent in Royal Oak, MI

Royal Oak, Michigan is a small city with slightly less than 59,000 residents. Young professionals can expect to fit right in, as they make up an above-average percentage of the community. Most Royal Oak residents own their homes, and 34% of residents rent. Relatively high rent costs could be a factor, as the average rent of $1,095 a month is substantially higher than the state average of $874.

If you're looking for diverse career options, Royal Oak has them in spades. The five most common industries are manufacturing, healthcare, scientific, retail, and education. Together, these industries account for 40% of the workforce in the city. Meanwhile, in terms of job function, many workers in these industries are in management, which ranks as the top profession in the city. With an average annual income of about $87K, Royal Oak workers bring in around $25,000 more than the average Michigan resident. The city's average income also compares favorably to the national average ($73,345). Royal Oak has a large concentration of residents over the age of 25 with advanced degrees compared to the national average (7%), as 14% have earned a Master's or a Doctoral degree. Furthermore, 25% possess a Bachelor's degree, which also outpaces the national average.

Royal Oak residents have an average commute of about 26 minutes. Many residents (56%) commute to work by car, while public transit isn't used widely. Not many residents commute to work on foot.