Housing costs in Novi township?
A typical home costs
$556,300, which is 64.5% more expensive than the national average of
$338,100 and 154.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Novi township 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 township?
To live comfortably in Novi township, Michigan, a minimum annual income of
$106,560 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Novi township?
Novi Township, MI is generally considered an affordable place to live. According to BestPlaces, the cost of living index in Novi is currently 74.13, which is 5% lower than the Michigan average and 4% lower than the national average. This means that groceries, housing costs, utilities, transportation and other essential services are relatively inexpensive in comparison to the rest of the state. Additionally, housing costs tend to be quite reasonable in Novi Township as well. The median home value is $385,400 USD and rentals are typically around $1,200 USD per month for a one bedroom apartment. Overall, Novi Township has a very low cost of living compared to many other places in Michigan and across the country.