Novi, Michigan 

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Economy in Novi, Michigan

Novi has an unemployment rate of 2.2%. The US average is 3.9%.

Novi has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.

Tax Rates for Novi
- The Sales Tax Rate for Novi is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Novi is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Novi
- The average income of a Novi resident is $44,800 a year. The US average is $28,555 a year.
- The Median household income of a Novi resident is $80,299 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNovi, MichiganUnited States
  2.8%3.7%
  0.3%1.6%
  41.1%33.5%
  6.0%6.2%
  4.3%4.6%
  $46,435$31,177
  $88,667$57,652
  $111,377$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  2.7%6.2%
  23.9%10.4%
  3.4%2.7%
  9.7%11.6%
  2.2%4.1%
  0.7%0.9%
  2.1%2.1%
  4.9%4.7%
  2.6%1.9%
  10.9%6.7%
  0.1%0.1%
  2.8%4.3%
  5.7%9.3%
  14.5%13.8%
  1.5%2.2%
  6.5%7.4%
  3.2%4.9%
  2.6%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Novi    5 Reviews
    I Enjoy Living in Novi - 1/8/2010
    We moved in here in Dec'06 and bought a nice villa condo in Island Lake of Novi. It is a nice sub and enjoy living here. There are nice shopping and recreation... Read More

    Start Your Review of Novi


    Range of seasons - 12/27/2009
    Spring is beautiful, mild days, cool nights; Summer can be mild to very hot with moderate to high humidity; Autumn is mild usually until the end of October; Winters can... Read More

    Upper-Middle Class Suburbia - 12/18/2008
    Overall, Novi is a great place for those who are looking for a city that has the advantages of a very big city (good night life, many restaurants/coffee shops/ect.,... Read More


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    COMPARE COST OF LIVING
    Compare Novi, Michigan to any other place in the USA.

    MAPS OF NOVI, MICHIGAN
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Novi,Michigan Map
    ZIP CODES IN NOVI, MICHIGAN
    48375 48377 48374

    NEW LISTINGS IN NOVI
    $900
    312 Griswold St Unit 1
    Bed 1 | Bath 1

    $289,900
    22495 Montebello Ct
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    $189,900
    43143 W 13 Mile Rd
    Bed N/A | Bath 0

    $265,000
    22597 Montebello Ct
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    $129,000
    149 Shawood St
    Bed N/A | Bath 0

    $120,000
    Shawood St
    Bed N/A | Bath 0

    $649,000
    41295 W 14 Mile Rd
    Bed N/A | Bath 0


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