 
·Overview -
·State of Michigan Economic Statistics -
·Regional Economic Statistics -
·Oakland County Economic Statistics -
·Rochester Hills Demographic Data
Rochester Hills Demographic Data
The City of Rochester Hills offers a comfortable lifestyle for everyone. Located in Oakland County, one of the wealthiest counties in America, Rochester Hills features a quality of life and a thriving commerce that few communities its size can match. The city boasts quality housing; two award winning school districts that consistently rank near the top of Michigan's schools in performance; over 950 acres of parkland featuring various active and passive recreational opportunities; several public and private golf courses; over 80 miles of linked pathways and a regional interlinking rails-to-trails system; excellent medical facilities; an abundance of cultural, historical, educational, and entertainment venues; and a shopping district with a main street appeal. Located along M-59 and near I-75, Rochester Hills is situated in Automation Alley, Michigan's premier technology cluster, and one of ten SmartZones ™ in Michigan.
Demographic Data
Population: 69,295 Population Growth 2000 – 2005: 470 (.07%)
Population by age Under age 5 4,379 (6.3%) Ages 5-17 12,753 (18.4%) Ages 18-34 12,599 (18.2%) Ages 35-64 31,808 (45.9%) Ages 65+ 7,756 (11.2%) Median Age: 39.3
Number of Households: 27,389 Owner Occupied Households: 76% Renter Occupied Households: 20% Vacant Units: 3%
Median household income (1999 dollars): $74,912 Up to $24,999: 12% $25,000 - $49,999: 19% $50,000 - $99,999: 35% $100,000 or more: 34%
Median housing value (2000 dollars): $226,200 Median year housing structure built: 1981
Educational Attainment (% of pop. age 25+) High School Graduate: 18% Some College or Associates: 27% Bachelors and beyond: 47%
Labor Market Total Employment: 34,789 (68.1% of working population age 16 +) Agriculture: 311 (1%) Manufacturing: 12,453 (36%) Trans., Comm. and Utility: 140 (0%) Wholesale Trade: 1094 (3%) Retail Trade: 7031 (20%) Finance, Insurance and Real Estate: 685 (2%) Services: 12,664 (36%) Public Admin.: 411 (1%)
Total # of businesses and employment by business size
Total # of Establishments: 1906 # of businesses per capita: 28 Percent of businesses w/. 1-9 emp.: 10.6% Percent of businesses w/. 10-49 emp.: 24.7% Percent of businesses w/. 50-99 emp.: 3.9% Percent of businesses w/. 100-499 emp.:2.9% Percent of businesses w/. 500+ emp.: 0.3%
2007 tax rate: * Homestead: Rochester Community School District: 30.4855 per $1000 TAV Avondale School District: 34.1593 per $1000 TAV
* Non-Homestead: Rochester Community School District: 48.4855 per $1000 TAV Avondale School District: 50.8991 per $1000 TAV
2007 taxable assessed valuation (TAV): Single-family residential: $2.99 billion Commercial: $512 million Industrial: $209 million Total TAV: $3.71 billion
Building Inventory: Commercial: 348 High Tech and Industrial: 388 Office: 103
Quality of Life Quick Facts:
- In 2005, Rochester Hills was named one of CNN Money Magazines' best places to live
- Rochester Hills Median Gross Rent: $827/month
- State of Michigan Sales tax: 6%
- State of Michigan Personal Income tax: 3.9% (3rd lowest rate nationally)
- No city income tax in Rochester Hills
- Student teacher ratio: 20 - 1
- Major Hospitals/medical centers near Rochester Hills:
o Crittenton Hospital (ROCHESTER HILLS, MI) o Beaumont Hospital (about 5 miles; TROY, MI) o Providence Hospital (about 7 miles; SOUTHFIELD, MI) o North Oakland Medical Centers (about 10 miles; PONTIAC, MI)
Click here to view a full demographic profile of Rochester Hills.
|