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Novi, MI 48375 has a population of approximately 22,775 and experiences a population change rate of 9.46%. The population density is 2,652.9 / sq mi .
The median household income for Novi, MI 48375 is $101,812, with 9,793 households and an average household size of 2.38.
The median value of a home in Novi, MI 48375 is $347,600 with an appreciation rate of 11.20%. 66.86% of housing in the state is owned while 29.29% is rented.
The cost of living in Novi, MI 48375 is 123 %.
The unemployment rate in Novi, MI 48375 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 48375 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Novi, MI 48375 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 32.4 inches per year, with 41.8 inches of snow per year.
