Housing costs in Novi?
A typical home costs
$417,500, which is 23.5% more expensive than the national average of
$338,100 and 90.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Novi costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and 32.5% more than the state average of
$1,100.
Can I afford Novi?
To live comfortably in Novi, Michigan, a minimum annual income of
$79,920 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Novi?
The cost of living in Novi, MI is 14.7% higher than the US average, which makes it an expensive place to live. The median house value in Novi, MI is also much higher than the US average at $417,500 compared to $338,100, respectively. This shows that housing costs are relatively high and may be difficult for some people to afford. Despite this, Novi offers many amenities and activities that make it a great place to live for families and individuals alike.