Address
City: Royal Oak
Neighborhood: Downtown Royal Oak
State: Michigan
Postal Code: 48067
Country: United States
Business facts
Estimated annual revenue~$1.7M
Estimated employees~6
Estimated wage bill~$470.7K
Estimate based on moderate signals
Contacts
Area statistics (48067)
Population24,285
Median household income$102,687
Source: US Census ACS
About
Rocket Effect is located in Royal Oak, Michigan. This business is working in the following industry: Software Company.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$1.3M2019
~$1.3M2020
~$1.3M2021
~$1.5M2022
~$1.6M2023
~$1.7M2024
Modeled from category averages for the region+5.6%/yr since 201980% confidence band: ±68%
Property
Lot size1.49 acres
CountyOakland
Assessed value$9.2M
On this lotshared with 4 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Software Company in Michigan | 2,373 | ~$11.4B | ~$4.8M | ~$1.1M | 5.0★ | 1.4× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure35 chains expanding in this category, led by metroPCS, At&t, Att (+1,206 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 1,109 | ~$1.6B | ~$1.5M | ~$652.2K | 5,936 | ~$535.4M | 2.5× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 149 | ~$257.5M | ~$1.7M | — | 583 | — | — |
1 km area (all businesses): median from the 1,000 of 1,109 businesses with estimates
Estimate
Area conditions (48067)
Population24,285 ±769
Median household income$102,687 ±$6,672
Median home value$293,200
Bachelor's degree or higher0.7%
Unemployment rate0.0%
Source: US Census ACS