Economy in Novi, Michigan
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Economy
| Unemployment Rate | 6.60% | 9.10% |
| Recent Job Growth | -0.75% | -0.12% |
| Future Job Growth | 31.90% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $44,182 | $27,067 |
| Household Income | $83,421 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.13% | 12.10% |
| Income between 15K and 25K | 4.37% | 10.18% |
| Income between 25K and 35K | 7.31% | 10.56% |
| Income between 35K and 50K | 12.30% | 14.98% |
| Income between 50K and 75K | 18.08% | 19.53% |
| Income between 75K and 100K | 14.85% | 12.52% |
| Income between 100K and 150K | 19.68% | 12.14% |
| Income between 150K and 250K | 9.01% | 3.91% |
| Income between 250K and 500K | 9.57% | 3.34% |
| Income greater than 500K | 1.72% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 25.77% | 13.81% |
| Professional and Related Occupations | 30.07% | 22.68% |
| Service | 10.86% | 14.51% |
| Sales and Office | 25.68% | 25.22% |
| Farming, Fishing, and Forestry | 0.01% | 0.68% |
| Construction, Extraction, and Maintenance | 3.57% | 9.37% |
| Production, Transportation, and Material Moving | 9.23% | 15.86% |
The unemployment rate in Novi, MI, is 6.60%, with job growth of -0.75%. Future job growth over the next ten years is predicted to be 31.90%.
Novi, MI Taxes
Novi, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Novi, MI Income and Salaries
The income per capita is $44,182, which includes all adults and children. The median household income is $83,421.
Novi Economy SperlingViews
Novi is Great / MIchigan Economy is not: I was born and raised in southeastern Michigan, and moved away in the Navy. I moved back to Michigan with my wife, and we bought our house in Novi in 1997. We have loved... (read more)Range of seasons: 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... (read more)Upper-Middle Class Suburbia: 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.,... (read more)Have an opinion about Novi? Leave a commentTo See All SperlingViews for Novi Click Here
