Pros and Cons of Living In Novi, Michigan. Is Novi, MI a Nice Place To Live or Retire?

FIND OUT MORE DETAILS

Novi, Michigan

Moving to Novi In Michigan ? Is Novi, MI a Nice Place To Live? Pros and Cons of Living in Novi, Michigan. Find out the best and worst about to live, raise a family or retire in Novi.

Novi ( NOH-vy) is a city in Oakland County in the U.S. state of Michigan. A northwestern suburb of Detroit, Novi is located roughly 25 miles (40.2 km) northwest of downtown Detroit. As of the 2020 census, the city had a population of 66,243, an increase of 20% from the 2010 census.

DEMOGRAPHICS

Population
60439
Unemployment
3.9%
17% NAT AVG.
Poverty
3.4%
76% NAT AVG.
Cost Of Living
113
13% NAT AVG.

ECONOMICS

Median Home Cost
$325500
42% NAT AVG.
Median Income
$93943
39% NAT AVG.
Median Rent
$1352
17% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
489
66% NAT. AVG.
57% STATE AVG.
Violent Crime
60
75% NAT. AVG.
80% STATE AVG.
Property Crime
429
64% NAT. AVG.
49% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 29
Unemployed People
1 in 26
People Earning < $10,000
1 in 53
People Earning < $50,000
24.3%
People With Any Degree
1 in 1.5

ETHNICITY

Ethnicity Novi USA
White 60.5% 60.1%
African American 7.4% 12.2%
American Indian 0.2% 0.6%
Asian 23.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.5% 2.8%
Hispanic 4.2% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Novi USA
Less than $10,000 1.9% 5.8%
$10,000 to $14,999 1.6% 4.1%
$15,000 to $24,999 4.3% 8.5%
$25,000 to $34,999 7.2% 8.6%
$35,000 to $49,999 9.3% 12.0%
$50,000 to $74,999 14.9% 17.2%
$75,000 to $99,999 13.3% 12.8%
$100,000 to $149,999 20.4% 15.6%
$150,000 to $199,999 10.5% 7.1%

EDUCATION

Education Novi USA
< 9th Grade 1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 14% 27.0%
Other College 16% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 32% 20.0%
Master's Degree 21% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 3% 1.0%
Novi is a city in Michigan state in USA with a population of 60439 residents.. The poverty rate of Novi is 3.4%, which is 76% lower than national average. The typical household in Novi earns $93943 a year, compared to the national median of $67,500. Nearly 24.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Novi remained 3.9%, which is 17% lower than national rate.

Cost of living in Novi is 113, which is 13% higher than national average. In Novi, only 59% of adults have a bachelor's degree and 24% have some college but no degree. Median home value in Novi is $325500 , which is 42% higher than national average. While median income in Novi remained $93943, which is 39% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Novi Scorecard

Jobs85%

Housing90%

Affordability70%

Safety85%

Amenities90%

Diversity90%

Education95%

THANKS FOR READING

Read this story and other stories in details on our Website.
FIND OUT MORE DETAILS