ZIP 48073 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Royal Oak city, MI (48073)

Median Income

$86,426

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,308

Wealth inflow

Population

33,427

Unemployment

2.8%

0.9pp below US avg

IRS migration statistics show a net inflow of about 1,308 for ZIP 48073 (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.

Economic Indicators

Unemployment

2.8%-25% vs US avg

Self-Employed

2.1%-66% vs US avg

SNAP Benefits

4.8%-59% vs US avg

709

Establishments

16,949

Employees

~24 per establishment — mix of small and larger employers

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction2.8%
Manufacturing16.0%
Wholesale trade1.3%
Retail trade7.8%
Transportation, utilities3.9%
Information2.6%
Finance, insurance, real estate9.6%
Professional, scientific, management19.6%
Education, health care, social23.1%
Arts, entertainment, food services7.3%
Other services3.6%
Public administration2.2%

Household Income

Historical Trends in 48073 (2020–Present)

Since 2020, population declined 3.5%, median income fell 6.2% (inflation-adjusted), home values increased 10.4%.

Median Income

$86,426

+15% vs US avg

Unemployment Rate