The 48363 ZIP Code is associated with the city of Oakland in Michigan in Oakland County in the United States. The current population estimate is 7,049. Median househould income is at $131,793, with an estimated 3% of the population living below the poverty line. It is estimated that about 49.2% of residents in this Michigan region hold a bachelor's degree or higher, while the per capita income is approximately $53,599. The median age in ZIP Code 48363 is approximately 40.1 years, with 17.3% of residents aged 62 years and older.
The median household income in ZIP Code 48363 is $131,793, while the region's mean household income is $166,686. Breaking income down further, per capita income in the region is $53,599. The per capita income in ZIP Code 48363 of $53,599 is approximately 69.01% more than the per capita income in Michigan overall of $31,713. An estimated 3.2% of the population is living below the poverty line in this region. This rate is approximately 66.32% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 29.8% of the population in 48363 earn $200,000 or more per year, while an estimated 20.3% earn $100,000 to $149,999 per year, and 0.9% of 48363 residents earn $10,000 to $14,999 per year.
|Less than $10,000 per year||1.6%|
|$10,000 to $14,999 per year||0.9%|
|$15,000 to $24,999 per year||6.0%|
|$25,000 to $34,999 per year||3.2%|
|$35,000 to $49,999 per year||6.2%|
|$50,000 to $74,999 per year||12.5%|
|$75,000 to $99,999 per year||8.5%|
|$100,000 to $149,999 per year||20.3%|
|$150,000 to $199,999 per year||11.0%|
|$200,000 or more per year||29.8%|
Looking at race in the population that makes up ZIP Code 48363, 98.6% is one race, while 1.4% are two or more races. Approximately 3.9% of 48363 residents are hispanic or Latino (of any race). The most common race in 48363 (race alone or in combination with one or more other races), is White (91.1%), followed by Asian (9.1%) .
|Black or African American||0.3%|
|American Indian and Alaska Native||0.0%|
|Native Hawaiian and Other Pacific Islander||0.0%|
|Some other race||0.9%|
Residents of ZIP Code 48363 are older than average. The median age of 40.1 years in ZIP Code 48363 is approximately 5.25% higher than the overall median age in the U.S. of 38.1 years. About 72.3% of residents are aged 18 years and older, and 17.3% of residents are 62 years and over. Approximately 18.1% of the population in 48363 falls in the age group 45 to 54 years, while an estimated 13.4% are aged 35 to 44 years. On the low end of the scale, 1.6% of 48363 residents are aged 85 years and over.
|Under 5 years||5.8%|
|5 to 9 years||9.1%|
|10 to 14 years||7.3%|
|15 to 19 years||8.9%|
|20 to 24 years||6.7%|
|25 to 34 years||5.4%|
|35 to 44 years||13.4%|
|45 to 54 years||18.1%|
|55 to 59 years||4.8%|
|60 to 64 years||6.4%|
|65 to 74 years||9.3%|
|75 to 84 years||3.1%|
|85 years and over||1.6%|
In ZIP Code 48363, 83.0% of the population lists "English only" as the language spoken in home, while 2.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 11.6% of homes, and other Indo-European languages are spoken in 2.9% of homes. Lastly, 0.0% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Oakland County region.
|Other Indo-European languages||11.6%|
|Asian and Pacific Islander languages||2.9%|
Regarding the age of homes in ZIP Code 48363, an estimated 17.5% of homes were built between 1970 and 1979. Additionally, 16.2% of homes in the region were built between 2000 and 2009, while an estimated 1.3% of homes were built between 1940 and 1949 in this Oakland County region.
|Year Home Built||Percent|
|Built in 2014 or later||14.9%|
|Built between 2010 and 2013||8.3%|
|Built between 2000 and 2009||16.2%|
|Built between 1990 and 1999||14.6%|
|Built between 1980 and 1989||9.4%|
|Built between 1970 and 1979||17.5%|
|Built between 1960 and 1969||7.0%|
|Built between 1950 and 1959||4.9%|
|Built between 1940 and 1949||1.3%|
|Built in 1939 or earlier||6.0%|
In ZIP Code 48363, 93.4% of the population graduated high school, while 49.2% have a bachelor's degree or higher. In this region, 2.9% achieved an education level less than 9th grade, while 24.8% hold a graduate or professional degree. Approximately 18.6% in this Oakland County region reached the highest level of high school graduate (including equivalency).
|Less than 9th grade||2.9%|
|9th to 12th grade, no diploma||3.7%|
|High school graduate (includes equivalency)||18.6%|
|Some college, no degree||17.1%|
|Graduate or professional degree||24.8%|
The average residential electricity rate in ZIP Code 48363 of 14.13¢/kWh. This rate is about 21.63% less than the average rate in Michigan, and approximately 8.6% less than the average rate in the U.S. as a whole. Regarding solar power potential, ZIP Code 48363 has an average daily solar radiation level of 4.58 kWh/m2/day. This is approximately 11.17% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 30.5% less than an area in the U.S. with historically high solar radiation levels (AZ).
|ZIP Code 48363||14.13¢/kWh||10.93¢/kWh||7.62¢/kWh|
|Month||ZIP Code 48363||Low (WA)||High (AZ)|
In 48363, 66.1% of the population is in the labor force. Recent estimates place 6.8% as working from home, while the total labor force in the region has a mean travel to time to work of 32.3 minutes. Approximately 24.7% of the employed population 16 years and over in 48363 work in manufacturing, while an estimated 21.1% work in educational services, and health care and social assistance. On the lower end of the scale, just 0.6% of 48363 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
|Agriculture, forestry, fishing and hunting, and mining||0.6%|
|Transportation and warehousing, and utilities||1.9%|
|Finance and insurance, and real estate and rental and leasing||7.3%|
|Professional, scientific, management, and administrative||9.5%|
|Educational services, and health care and social assistance||21.1%|
|Arts, entertainment, and recreation, and accommodation and food services||10.1%|
|Other services, except public administration||2.8%|