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Demographics
Population
Median Income
Racial Distributions
Royal Oak, Michigan, exhibits a demographic profile categorized as "Low Diversity" based on the available data. As of 2022, the white population comprises 83% of the total, exceeding the 75% threshold for this classification. The city's median income was $88,364 in 2022, indicating a relatively affluent community, though this figure decreased from $96,204 in the previous year.
Over the past decade, Royal Oak has maintained its status as a "Low Diversity" community. However, subtle signs of increasing diversity are apparent. The white population has gradually decreased from 90% in 2013 to 83% in 2022. Concurrently, small but steady increases have been observed in Asian, Black, Hispanic, and multi-racial populations. These changes, while not significant enough to shift the city into a new diversity category, indicate a slow trend towards greater diversity.
The median income in Royal Oak demonstrated a general upward trend from 2013 to 2021, increasing from $74,677 to $96,204. This consistent growth aligns with the city's status as a predominantly white, affluent suburb. However, the decrease to $88,364 in 2022 is notable. The population has remained relatively stable over the decade, with a slight decrease from 58,043 in 2013 to 58,053 in 2022. This stability, combined with rising incomes until 2022, suggests a community that has been economically prosperous without significant demographic upheaval.
Royal Oak's demographic changes have been more gradual compared to national trends, which have shown increasing diversity in many urban and suburban areas. The city's demographic composition has been slower to change compared to national averages, which have seen more rapid increases in minority populations.
Based on observed trends, it is likely that Royal Oak will continue to slowly diversify over the coming years. While it may remain in the "Low Diversity" category in the near term, there is potential for it to transition into a "Moderate Diversity" community if current trends accelerate. This could occur if the white population continues to decrease at a slightly faster rate, Asian, Black, and Hispanic populations continue to grow, and the multi-racial category sees more significant increases.
Economically, the sharp decrease in median income in 2022 is notable. If this is not an anomaly, it could signal economic challenges that might accelerate demographic changes. Lower housing costs could potentially attract a more diverse population, speeding up the transition towards greater diversity.
Royal Oak remains a predominantly white, affluent suburb, but subtle demographic shifts and recent economic changes suggest a community in the early stages of transition. Monitoring these trends in the coming years will be crucial to understanding the city's evolving character and potential needs.