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2024 Compare Cities Economy:
Novi, MI vs Troy, AL

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Highlights
- Household income in Troy, is 64% less than it is in Novi and is 90% below the National Average.
- Novi unemployment rate is 2.4%.
- Troy unemployment rate is 3.1%.

Economy
 Novi, MITroy, ALUnited States
 Unemployment Rate2.4%3.1%6.0%
 Recent Job Growth0.3%1.7%1.6%
 Future Job Growth41.1%34.5%33.5%
 Sales Taxes6.0%9.5%6.2%
 Income Taxes4.3%5.0%4.6%
 Income per Cap.$55,807$26,012$37,638
 Household Income$100,311$36,409$69,021
 Family Median Income$127,577$66,043$85,028
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 Est. Households By Income
 Novi, MITroy, ALUnited States
 Income Less Than 15K4.0%21.6%9.4%
 Income between 15K and 20K1.2%8.8%3.8%
 Income between 20K and 30K5.9%10.5%8.1%
 Income between 30K and 40K6.4%11.8%8.0%
 Income between 40K and 50K6.0%6.1%7.6%
 Income between 50K and 60K5.3%5.5%7.2%
 Income between 60K and 75K9.4%8.0%9.6%
 Income between 75K and 100K11.7%7.3%12.8%
 Income between 100K and 150K20.3%11.5%16.3%
 Income between 150K and 200K10.5%4.8%7.8%
 Income greater than 200K19.4%4.2%9.5%
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 Population By Occupation
 Novi, MITroy, ALUnited States
 Management, business, finance24.8%8.3%16.4%
 Engineering, computers, science18.7%10.0%6.5%
 Community, social services0.9%5.3%1.8%
 Legal1.3%0.8%1.2%
 Education, library4.6%10.3%6.2%
 Arts, design, media, sports, entertainment2.2%2.0%2.0%
 Healthcare practitioners and technology7.9%5.7%6.2%
 Healthcare support1.6%2.8%3.3%
 Firefighters, law enforcement0.8%1.2%2.1%
 Food preparation, serving4.5%6.3%5.4%
 Building maintenance1.7%6.0%3.6%
 Personal care2.6%4.9%2.6%
 Sales, office, administrative support18.6%17.5%20.9%
 Farming, fishing, forestry0.2%0.2%0.6%
 Construction, extraction, maintenance/repair2.7%5.1%8.1%
 Production, transportation, material moving7.0%13.8%13.1%

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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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Reviews for Troy    11 Reviews

I love it here. It’s quiet and you shouldn’t go by 13 year old reviews. Everything has improved for the better and I will continue to live here for many years to come.  More

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Biggest mistake of my life was moving to yorT (<—-not a typo) to take a high school teaching position there. Revolving door. I got my family out and to greener  More

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Over 12 years ago

Sadly I was born and raised in Troy Al, and I'm happy to report that I moved away 2 weeks after graduating high school. I still visit family there and growing up I knew  More

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ZIPS IN NOVI, MICHIGAN
48375 48377 48374
ZIPS IN TROY, ALABAMA
36081 36079 36082

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