Novi, MI
Population 66,224 · Michigan
About Novi, MI
Novi is a mid-sized city in Michigan with a population of 66,224 residents. The median household income is $110,938 per year, which is above the national average. The median age in Novi is 39.9 years.
Housing in Novi has a median home value of $399,100 and median monthly rent of $1,696. Of the 27,934 total housing units, the majority are owner-occupied, with 18,008 owner-occupied and 8,466 renter-occupied units.
The unemployment rate in Novi is 3.8% and the poverty rate is 4.7%. 61.2% of residents hold a bachelor's degree or higher. The average commute time is 26.3 minutes.
How Novi Ranks in Michigan
Cost of Living in Novi, MI
Compared to national averages, Novi has a median household income of $110,938 (48% above the national median of $75,149). Home values average $399,100, which is 63% above the national median. Monthly rent at $1,696 is 46% above the US average of $1,163. Within Michigan, Novi's income is 68% above the state average of $66,017, and home values are 118% above the state median of $183,391.
Why Live in Novi, MI?
Novi offers a strong local economy with a median household income of $110,938, well above the national average, and a well-educated community where 61.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $399,100. However, as a mid-sized city, Novi provides access to a wide range of amenities and services.
Novi has a population of 66,224 with a median age of 39.9 years. Compare Novi with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Novi
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Taylor | 62,405 | $59,537 | $141,200 | Compare |
| Dearborn Heights | 62,099 | $61,035 | $174,900 | Compare |
| Pontiac | 61,914 | $42,791 | $110,600 | Compare |
| Kalamazoo | 73,132 | $48,965 | $164,500 | Compare |
| St. Clair Shores | 58,287 | $72,693 | $196,400 | Compare |
| Royal Oak | 57,880 | $95,182 | $305,900 | Compare |
| Southfield | 76,025 | $65,848 | $226,900 | Compare |
| Rochester Hills | 76,086 | $119,054 | $377,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Novi
What is the population of Novi, MI?
The population of Novi, MI is 66,224 according to the latest Census data.
What is the median household income in Novi?
The median household income in Novi, MI is $110,938 per year.
What is the median home value in Novi?
The median home value in Novi, MI is $399,100.
What is the average rent in Novi?
The median monthly rent in Novi, MI is $1,696.
What is the unemployment rate in Novi?
The unemployment rate in Novi, MI is 3.8%.