Businesses for Sale | Royal Oak, Michigan
Discover business opportunities, in or around Royal Oak, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Royal Oak, located in The Great Lakes State had a total population of 58,550 people.
City Statistics and Other Information About Royal Oak
Demographics
From a total population of 58,550, Royal Oak has a median age of 37. The average age of males, in Royal Oak, is 36 while the average age of females is 38. When you compare the median age of men and women in Royal Oak, there is an average difference of 2.7 years.
Income
The median income of individuals, in Royal Oak, is $68,731 while the average household income is $95,849. In 2029, the average income per capita for Royal Oak is expected to be $68,731.
Additional Information
48067 - 48073Oakland County
Is Royal Oak the Best Location for Franchise Opportunities and Growth?
What is the average income in Royal Oak?
The median household income in Royal Oak is $95,849, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Royal Oak an affordable place to start a franchise?
With a median income of $95,849, Royal Oak presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Royal Oak's income compare to other locations?
The median income of $95,849 in Royal Oak is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Royal Oak have a stable workforce to support my business?
Absolutely! With 20,118 employed individuals, Royal Oak offers a solid labor force to support franchise growth.
Is Royal Oak a growing economy?
With a workforce of 20,118 and a median household income of $95,849, Royal Oak provides a stable economic environment for new business opportunities.
Does homeownership in Royal Oak indicate a stable market?
Homeownership rates at 20,153 show a strong local investment in the community, which benefits long-term franchise success.
