Regional Demographic-Economic Modeling System
Oakland County, MI Briefing Notes (CBSA 19820)
Updated: 06/27/16 .. See notes about using these data.
This section presents a summary of selected key demographic-economic measures and trends for Oakland County, MI in comparison with the U.S. Use this section to facilitate briefings to others and to obtain a snapshot of current and trending conditions. These data are mostly taken from the more detailed tables available as links at the bottom of this section. This section and related detailed tables update frequently.
The Oakland County, MI Census 2010 population was 1,202,362, changing from 1,083,592 (1990) and 1,194,156 (2000).
.. the population changed from 1,202,930 (7/1/10) to 1,242,304 (7/1/15), a change of 39,374 ( 3.3%).
.. the U.S. population changed from 309,346,863 (7/1/10) to 321,418,820 (7/1/15), a change of 12,071,957 ( 3.9%).
.. the average annual net migration for 2011 through 2015 for this area was 4,731.
.. the average annual natural increase (births-deaths) for 2011 through 2015 for this area was 3,320.
.. the median age in 2014 for this area was 40.9 years compared to 37.7 years for the U.S.
The Oakland County, MI per capita personal income changed from $50,390 (2010) to $59,759 (2014), a change of $9,369 ( 18.6%).
.. the U.S. per capita personal income changed from $40,277 in 2010 to $46,049 in 2014, a change of $5,772 ( 14.3%).
.. the median household income changed from $60,392 in 2010 to $69,378 in 2014, a change of $8,986 ( 14.9%).
.. the median household income in 2014 for this area was $69,378 compared to $53,657 for the U.S.
.. the mean household income in 2014 for this area was $93,392 compared to $75,591 for the U.S.
The population 25 years and over in 2014 for this area was 862,400 compared to 213,725,624 for the U.S.
.. the percent with a bachelor's degree in 2014 for this area was 44.8% compared to 30.1% for the U.S.
The population 5 years and over in 2014 for this area was 1,169,732 compared to 299,084,046 for the U.S.
.. the population who speak English less than "very well" in 2014 for this area was 10,247 ( 0.9%)
compared to 16,388,318 ( 5.5%) for the U.S.
The population 16 years and over in 2014 for this area was 997,830 compared to 253,588,947 for the U.S.
.. the unemployment rate in 2014 for this area was 6.3% compared to 7.2% for the U.S.
The number of housing units in Oakland County, MI changed from 527,373 (7/1/10) to 535,285 (7/1/15), a change of 7,912 ( 1.5%).
.. the U.S. number of housing changed from 131,823,007 (7/1/10) to 134,812,791 (7/1/15), a change of 2,989,784 ( 2.3%).
.. the number of occupied housing units (households) in 2014 for this area was 492,063 compared to 117,259,427 for the U.S.
.. the homeowner vacancy rate in 2014 for this area was 1.2 compared to 1.9 for the U.S.
.. the rental vacancy rate in 2014 for this area was 6.4 compared to 6.3 for the U.S.
.. the average household size of owner-occupied unit in 2014 for this area was 2.63 compared to 2.71 for the U.S.
.. the average household size of renter-occupied unit in 2014 for this area was 2.17 compared to 2.55 for the U.S.
.. median housing value in 2014 for this area was $192,800 compared to $181,200 for the U.S.
.. the median gross rent in 2014 for this area was $951 compared to $934 for the U.S.
Tables available for this area:
Briefing Notes - Narrative Overview
POP1 Population, Components of Change, Race/Origin, Age
HSG1 Housing Units & New Residential Construction
DEM1 Demographic-Economic Profile
LF1 Labor Force
LF2 Labor Force
EST1 Establishments, Employment, Earnings
CA4 Personal Income and Employment by Major Component
CA5 Personal Income by Major Component and Earnings by Industry
CA6 Compensation of Employees by Industry
CA25 Employment by Industry
CA30 Economic Profile
CA35 Current Transfer Receipts
CA45 Farm Income & Expenses
About RDEMS and these Data
This section provides an overview of selected demographic, economic and business characteruistics for this area. This document and related data have been developed usng the ProximtyOne Regional Demographic Economic Modeling System (RDEMS). These data are available for the U.S. by county, metro and state for annually for the period 2010 through 2021 developed using the ProximityOne RDEMS. The RDEMS modeling component is used to develop current year estimates and 5-year annual projections.
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