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Novi, MI 48374 has a population of approximately 15,587 and experiences a population change rate of 29.96%. The population density is 1,714 / sq mi .
The median household income for Novi, MI 48374 is $158,631, with 5,661 households and an average household size of 3.17.
The median value of a home in Novi, MI 48374 is $555,900 with an appreciation rate of 11.20%. 83.86% of housing in the state is owned while 12.30% is rented.
The cost of living in Novi, MI 48374 is 151.2 %.
The unemployment rate in Novi, MI 48374 is 1.60%, and recent job growth is at 0.83%. Future job growth is projected at 45.92%.
The sales tax rate in Novi, MI 48374 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Novi, MI 48374 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 33.1 inches per year, with 42.3 inches of snow per year.
