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According to statistics, the population in Novi, MI amounts to 58,835, which shows growth 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $88,667, shifting growth 3% from the past year, and the average property value in Novi, MI growth 9% to $290,600 throughout the year.
|Number Of Employees||30,134|
|Median Property Value||$290,600|
The average household income in Novi, MI grew from $86,193 to $88,667 in the past year. This data is an estimate based upon 22,770 households in Novi, MI . The chart below presents how household income is distributed in Novi, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Novi, MI shifted from $266,000 to $290,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Novi, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Novi, MI properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Novi, MI compared to median property taxes around the country. The prevalent amount of property taxes in Novi, MI equals $3000, which is less than the national average.