189th most affordable of 199 in Metro Detroit
Cost of Living in Royal Oak Township, MI
A typical home in Royal Oak Township costs about $1,169 a month, 29.4% of the median household income of $47,679. That makes Royal Oak Township the 55th most affordable of 56 places in Oakland County and 189th of 199 across Metro Detroit.
- Median rent a month
- $864
- Median home value
- $161,200
- Owner cost with a mortgage
- $1,474
- Of income on housing
- 29.4%
Royal Oak Township against Oakland County and the metro
| Census median | Royal Oak Township | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $864 | $1,376 | $1,207 |
| Median home value | $161,200 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,474 | $1,998 | $1,720 |
| Median household income (yearly) | $47,679 | $97,760 | $76,664 |
| Share of income on housing | 29.4% | 20.7% | 22.9% |
Ranked 55th most affordable of 56 in Oakland County. See all 56.
Cost of living near Royal Oak Township
The towns around Royal Oak Township, each with its own page.
- Detroit Rent $1,074 · Home $83,900 197th most affordable in the metro
- Ferndale Rent $1,311 · Home $247,700 67th most affordable in the metro
- Oak Park Rent $1,396 · Home $212,300 157th most affordable in the metro
- Pleasant Ridge Rent $1,720 · Home $448,700 2nd most affordable in the metro
- Huntington Woods Rent $2,493 · Home $473,900 15th most affordable in the metro
- Hazel Park Rent $1,314 · Home $158,600 144th most affordable in the metro
- Berkley Rent $1,526 · Home $316,700 28th most affordable in the metro
- Royal Oak Rent $1,381 · Home $328,700 80th most affordable in the metro
Living in Royal Oak Township
- Homes for sale in Royal Oak Township Listings and off-market deals
- Rentals in Royal Oak Township Houses and apartments for rent
- Royal Oak Township neighborhoods Every neighborhood on a map
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Royal Oak Township city guide Pros, homes and city services
Royal Oak Township cost of living questions
5 questions
Is Royal Oak Township, MI expensive to live in?
A typical home in Royal Oak Township takes 29.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 189th most affordable of 199 places.
What is the average rent in Royal Oak Township?
The median gross rent is $864 a month, rent plus the utilities the renter pays, 28% below the metro.
How much does a house cost in Royal Oak Township?
Owners put the median home value at $161,200, 35% below the metro. With a mortgage, the median owner pays $1,474 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Royal Oak Township?
Spending no more than 30% of income on housing, the usual rule, a typical Royal Oak Township home at $1,169 a month calls for about $47,000 a year. The median household here earns $47,679.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Royal Oak Township. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.