Income & Economy in Royal Oak city, MI (48067)
Median Income
$107,355
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+958
Wealth inflow
Population
24,496
Unemployment
3.5%
0.2pp below US avg
IRS migration statistics show a net inflow of about 958 for ZIP 48067 (Royal Oak city, MI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 48067 (2020–Present)
Since 2020, population declined 0.8%, median income rose 1.8% (inflation-adjusted), home values increased 9.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $107,355 |
| Unemployment | 3.5% |
| Establishments | 979 |
| Employees | 11,460 |