Cost of Living in Royal Oak, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.2
100 = national avg
+41.2 vs national average
Living Wage (1 Adult)
$62,118
per year
Living Wage (Family of 4)
$146,825
per year
Cost Index by Category
Housing156.6
Food122.8
Transportation145.5
Healthcare118.2
Utilities125.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Royal Oak is 141.2, which is 41.2% above the national average. Housing costs are above the national average at an index of 156.6. A single adult needs to earn approximately $62,118 per year to cover basic expenses.