Housing costs in Novi?
A typical home costs
$555,900, which is 64.4% more expensive than the national average of
$338,100 and 154.2% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Novi costs
$1,850 per month, which is 68.2% more than the national average of
$1,100 and 34.1% more than the state average of
$1,220.
Can I afford Novi?
To live comfortably in Novi (zip 48374), Michigan, a minimum annual income of
$106,560 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Novi?
The cost of living in 48374 Novi, MI is quite reasonable compared to other places in the state. The median home value is $354,400 and the median household income is $102,890, making it an affordable place to live. Additionally, the housing market is strong with a variety of options available for purchase and rental. The overall cost of goods and services is also slightly lower than the national average. Overall, the cost of living in 48374 Novi, MI is relatively low and provides a great opportunity for those looking for an affordable place to call home.