Last updated: 2024 BLS data · Page refreshed:
Novi has a population of 66,717 with a median age of 40.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 66,717 |
| Median Age | 40.0 |
| White | 56.0% |
| Black or African American | 7.4% |
| Asian | 28.1% |
| Hispanic or Latino | 4.5% |
| Other / Two or More Races | 4.0% |
The median household income in Novi is $110,723, which is 37.4% above the national median of $80,610. The per capita income is $62,114. The poverty rate is 5.4%.
The unemployment rate in Novi is 2.9%, compared to the national rate of 4.1%.
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In Novi, 96.6% of residents age 25+ have a high school diploma or higher, and 64.1% hold a bachelor's degree or higher (30.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.6% |
| Bachelor's Degree or Higher | 64.1% |
| Graduate or Professional Degree | 30.5% |
The median home value in Novi is $421,900, above the national median of $303,400. The median monthly rent is $1,747. The homeownership rate is 66.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $421,900 |
| Median Monthly Rent | $1,747 |
| Homeownership Rate | 66.3% |
| Vacancy Rate | 5.5% |
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