Pros and Cons of Living In Novi, Michigan. Is Novi, MI a Nice Place To Live or Retire?

Novi, Michigan

Moving to Novi In Michigan ? Is Novi, MI a Nice Place To Live? Pros and Cons of Living in Novi, Michigan. Find out the best and worst about to live, raise a family or retire in Novi.

Novi ( NOVE-eye) is a city in Oakland County in the U.S. state of Michigan. A northwestern suburb of Detroit, Novi is located roughly 25 miles (40.2 km) northwest of downtown Detroit. As of the 2020 census, the city had a population of 66,243, an increase of 20% from the 2010 census.

The city is located within the boundaries of the survey township of Novi Township, which now also includes portions of the cities of Northville and Walled Lake. The remaining unincorporated township is only a tiny fraction of 0.11 square miles (0.28 km2) surrounded by the city.

DEMOGRAPHICS

Population
60439
Unemployment
3.9%
17% NAT AVG.
Poverty
3.4%
76% NAT AVG.
Cost Of Living
113
13% NAT AVG.

ECONOMICS

Median Home Cost
$325500
42% NAT AVG.
Median Income
$93943
39% NAT AVG.
Median Rent
$1352
17% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
489
66% NAT. AVG.
57% STATE AVG.
Violent Crime
60
75% NAT. AVG.
80% STATE AVG.
Property Crime
429
64% NAT. AVG.
49% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 29
Unemployed People
1 in 26
People Earning < $10,000
1 in 53
People Earning < $50,000
24.3%
People With Any Degree
1 in 1.5

ETHNICITY

Ethnicity Novi USA
White 60.5% 60.1%
African American 7.4% 12.2%
American Indian 0.2% 0.6%
Asian 23.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.5% 2.8%
Hispanic 4.2% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Novi USA
Less than $10,000 1.9% 5.8%
$10,000 to $14,999 1.6% 4.1%
$15,000 to $24,999 4.3% 8.5%
$25,000 to $34,999 7.2% 8.6%
$35,000 to $49,999 9.3% 12.0%
$50,000 to $74,999 14.9% 17.2%
$75,000 to $99,999 13.3% 12.8%
$100,000 to $149,999 20.4% 15.6%
$150,000 to $199,999 10.5% 7.1%

EDUCATION

Education Novi USA
< 9th Grade 1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 14% 27.0%
Other College 16% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 32% 20.0%
Master's Degree 21% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 3% 1.0%
Novi is a city in Michigan state in USA with a population of 60439 residents.. The poverty rate of Novi is 3.4%, which is 76% lower than national average. The typical household in Novi earns $93943 a year, compared to the national median of $67,500. Nearly 24.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Novi remained 3.9%, which is 17% lower than national rate.

Cost of living in Novi is 113, which is 13% higher than national average. In Novi, only 59% of adults have a bachelor's degree and 24% have some college but no degree. Median home value in Novi is $325500 , which is 42% higher than national average. While median income in Novi remained $93943, which is 39% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Novi Scorecard

Jobs85%

Housing90%

Affordability70%

Safety85%

Amenities90%

Diversity90%

Education95%

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