Home / Select Cities  /  2024 Comparing Franklin, TN vs. Novi, MI

2024 Compare Cities Economy:
Franklin, TN vs Novi, MI

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Highlights
- Household income in Novi, is 2% less than it is in Franklin and is 31% above the National Average.
- Franklin unemployment rate is 3.1%.
- Novi unemployment rate is 2.4%.

Economy
 Franklin, TNNovi, MIUnited States
 Unemployment Rate3.1%2.4%6.0%
 Recent Job Growth2.4%0.3%1.6%
 Future Job Growth53.4%41.1%33.5%
 Sales Taxes9.8%6.0%6.2%
 Income Taxes0.0%4.3%4.6%
 Income per Cap.$51,811$55,807$37,638
 Household Income$102,721$100,311$69,021
 Family Median Income$123,661$127,577$85,028
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 Est. Households By Income
 Franklin, TNNovi, MIUnited States
 Income Less Than 15K3.5%4.0%9.4%
 Income between 15K and 20K1.9%1.2%3.8%
 Income between 20K and 30K4.8%5.9%8.1%
 Income between 30K and 40K5.3%6.4%8.0%
 Income between 40K and 50K6.5%6.0%7.6%
 Income between 50K and 60K5.8%5.3%7.2%
 Income between 60K and 75K8.3%9.4%9.6%
 Income between 75K and 100K13.0%11.7%12.8%
 Income between 100K and 150K20.4%20.3%16.3%
 Income between 150K and 200K12.0%10.5%7.8%
 Income greater than 200K18.6%19.4%9.5%
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 Population By Occupation
 Franklin, TNNovi, MIUnited States
 Management, business, finance26.4%24.8%16.4%
 Engineering, computers, science10.5%18.7%6.5%
 Community, social services1.9%0.9%1.8%
 Legal1.9%1.3%1.2%
 Education, library6.6%4.6%6.2%
 Arts, design, media, sports, entertainment3.6%2.2%2.0%
 Healthcare practitioners and technology6.3%7.9%6.2%
 Healthcare support1.3%1.6%3.3%
 Firefighters, law enforcement0.9%0.8%2.1%
 Food preparation, serving5.3%4.5%5.4%
 Building maintenance1.2%1.7%3.6%
 Personal care2.7%2.6%2.6%
 Sales, office, administrative support23.1%18.6%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair3.3%2.7%8.1%
 Production, transportation, material moving4.9%7.0%13.1%

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Reviews for Franklin    27 Reviews

After visiting here for a week in the summer, I fell in love with the city! Lots of my friends in Florida already moved here from New Port Richey and Wesley Chapel. I  More

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I've lived in Tennessee all my life. I have lived in west,east and middle Tennessee. By far this is the best place I have lived. We have been in Franklin for 8 years. It  More

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I love that this is a greatly diverse community with a large African American and Hispanic community around West Main St./Nachez (I'm addicted to Pueblo Real Mexican  More

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Reviews for Novi    5 Reviews

Over 14 years ago

We moved in here in Dec'06 and bought a nice villa condo in Island Lake of Novi. It is a nice sub and enjoy living here. There are nice shopping and recreation  More

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Over 15 years ago

Spring is beautiful, mild days, cool nights; Summer can be mild to very hot with moderate to high humidity; Autumn is mild usually until the end of October; Winters can  More

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Overall, Novi is a great place for those who are looking for a city that has the advantages of a very big city (good night life, many restaurants/coffee shops/ect.,  More

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ZIPS IN FRANKLIN, TENNESSEE
37064 37067 37069
ZIPS IN NOVI, MICHIGAN
48375 48377 48374

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