Novi, MI is the perfect place to call home. Located in Oakland County, Novi is a bustling city with a population of 48377. The two bedroom rent in Novi is surprisingly low for the area at $1,290 compared to the average US rate of $1,430. Grocery costs are also on par with the rest of the country at an index of 100. Businesses such as Meijer, Starbucks and Barnes & Noble are all located within Novi’s borders and provide great job opportunities coupled with fun amenities like shopping and excellent coffee drinks. Schools in Novi include Novi High School, Niles Elementary School and Parkview Elementary School and together they offer education opportunities for children from kindergarten through high school graduation.
Novi (zip 48377) has an unemployment rate of 2.4%. The US average is 6.0%.
Novi (zip 48377) 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 (zip 48377)
- The Sales Tax Rate for Novi (zip 48377) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Novi (zip 48377) 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 (zip 48377)
- The average income of a Novi (zip 48377) resident is $41,370 a year. The US average is $28,555 a year.
- The Median household income of a Novi (zip 48377) resident is $73,345 a year. The US average is $69,021 a year.