Royal Oak, a city located in the state of Michigan (MI), is home to a population of approximately 58,053 people. Royal Oak boasts a median age of 35.9, with around 21.2% of its residents aged 60 or above. 3.5% of the population identifies as US Veterans. 9.1% of Royal Oak residents are disabled. The city has an average household income of $92,799, while the unemployment rate stands at 3%, and around 6.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Royal Oak is $287,529, with a monthly rent averaging $1,260.