According to the most recent data on the cost of living, Royal Oak has an overall cost of living index of 101 which is 1.0x higher than the national index of 100.
Compared to only Michigan, Royal Oak has a cost of living index that's 1.1x higher than Michigan's index of 91.
The standard of living in Royal Oak ranks as #3,263 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Royal Oak ranks as the #3,156 most expensive place in the Wolverine State.
|Living Expense||Royal Oak||Michigan||National Average|
Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Statistic||Royal Oak||Michigan||United States|
|Median Home Value||$236,600||$162,600||$229,800|
|Home Value To Income||2.8x||2.7x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
|City||Population||Cost Of Living||Vs. Royal Oak|
|Rochester Hills, MI||74,340||111||1.1x|
|Madison Heights, MI||30,000||88||0.9x|
|Oak Park, MI||29,446||93||0.9x|
|Hazel Park, MI||16,452||90||0.9x|