Housing costs in Novi?
A typical home costs
$347,600, which is 2.8% more expensive than the national average of
$338,100 and 58.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Novi costs
$1,810 per month, which is 64.5% more than the national average of
$1,100 and 32.6% more than the state average of
$1,220.
Can I afford Novi?
To live comfortably in Novi (zip 48375), Michigan, a minimum annual income of
$66,600 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Novi?
The cost of living in 48375 Novi, MI is fairly high. The median household income is around $100,000 and the median home value is over $300,000. This makes 48375 Novi one of the most expensive places to live in Michigan. The average price for a gallon of gas is around $2.90, while the average prices for groceries and utilities are higher than the rest of the state. Despite this, there are plenty of amenities and attractions nearby that make living in 48375 Novi well worth the cost.