Housing costs in Novi?
A typical home costs
$333,400, which is 1.4% less expensive than the national average of
$338,100 and 52.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Novi costs
$1,290 per month, which is 17.3% more than the national average of
$1,100 and 5.4% more than the state average of
$1,220.
Can I afford Novi?
To live comfortably in Novi (zip 48377), Michigan, a minimum annual income of
$63,720 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Novi?
The cost of living in Novi, MI (48377) is quite reasonable. The median household income is approximately $90,000 per year, and the median home price is roughly $360,000. Rent prices in the area are also relatively low compared to other cities in Michigan, with an average rent of around $1,400 per month for a one-bedroom apartment. Groceries and services are also affordable with prices below the national average. All in all, Novi presents a great opportunity to enjoy a high quality of life while minimizing expenses.