Top Industries in Royal Oak
Royal Oak is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Royal Oak include:
Healthcare
Healthcare remains a cornerstone of Royal Oak's economy, with a robust demand for medical professionals and support staff.
Range: $50-$120k
Growth rate: 5%
Technology
The technology sector in Royal Oak is growing, driven by innovation and the presence of tech startups.
Range: $70-$150k
Growth rate: 8%
Some job openings:Vectorform is hiring: Software Developer, UX Designer
Detroit Labs is hiring: Mobile App Developer, Project Manager
Automotive
Royal Oak's proximity to Detroit supports a thriving automotive industry, with numerous opportunities in engineering and manufacturing.
Range: $60-$130k
Growth rate: 4%
Some job openings:General Motors is hiring: Electrical Engineer, Quality Control Specialist
Hospitality
The hospitality industry in Royal Oak is vibrant, supported by a bustling downtown area with restaurants and entertainment venues.
Range: $30-$70k
Growth rate: 6%
Employment Trends and Growth Rates
Royal Oak is witnessing a positive employment trend with a focus on technology and healthcare sectors, which are experiencing accelerated growth.
The city's job market is adapting to new economic realities, with an emphasis on innovation and sustainability.
Income inequality remains a concern, but efforts are being made to bridge the gap through education and skill development programs.
Job turnover rates are stable, with a noticeable increase in demand for skilled professionals in tech and healthcare.
Job Market for Remote and Freelance Workers in Royal Oak
Remote work is gaining traction in Royal Oak, with approximately 35% of the workforce engaged in remote roles, particularly in tech and creative industries.
Local companies like Vectorform and Detroit Labs are offering remote positions, reflecting a broader national trend towards flexible work arrangements.
City-specific job boards and platforms are increasingly listing remote opportunities, catering to the growing demand for work-from-home options.
Job Resources and Networking
Royal Oak offers a variety of job resources, including local job boards and career fairs, to support job seekers.
The Royal Oak Chamber of Commerce frequently hosts networking events and workshops to facilitate professional connections.
Local platforms such as RoyalOakJobs.com provide listings for job opportunities in the area.
Entrepreneurial hubs and incubators in the region support tech startups and innovation-driven enterprises.
Property Prices Rankings
The Property Prices Rankings for the United States evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.
Highest to LowestUpdated: Oct, 2025
Full Property Prices Rankings