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Population
58,233
1.14% growth
Median Age
38.8
Median Household Income
$86,193
4.37% growth
Poverty Rate
5.48%
Number of Employees
29,702
0.31% growth
Median Property Value
$266,000
7.91% growth

About the photo: Ariel view of downtown Detroit

Economy

The economy of Novi, MI employs 29,702 people. The economy of Novi, MI is specialized in Manufacturing; Professional, Scientific, Tech Services; and Real Estate, Rental & Leasing, which employ respectively 2.57; 1.66; and 1.14 times more people than what would be expected in a location of this size. The largest industries in Novi, MI are Manufacturing (7,388), Healthcare & Social Assistance (4,298), and Professional, Scientific, Tech Services (3,512), and the highest paying industries are Management of Companies & Enterprises ($87,188), Utilities ($85,299), and Professional, Scientific, Tech Services ($78,601).

Median household income in Novi, MI is $86,193. Males in Novi, MI have an average income that is 1.76 times higher than the average income of females, which is $52,753. The income inequality of Novi, MI (measured using the Gini index) is 0.481 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Novi, MI. In Oakland County, MI the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 146 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,286. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Novi, MI is from the county of Oakland County, MI.

Insurance Coverage by Age and Gender

Medicare Enrollment and Reimbursements by Location

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Diversity

Novi, MI is home to a population of 58,233 people, from which 86.2% are citizens. The ethnic composition of the population of Novi, MI is composed of 37,782 White residents (64.9%), 12,426 Asian residents (21.3%), 4,556 Black residents (7.82%), 2,082 Hispanic residents (3.58%), and 1,163 Two+ residents (2%). The most common foreign languages in Novi, MI are Other Asian (2,169 speakers), Chinese (1,930 speakers), and Japanese (1,850 speakers), but compared to other places, Novi, MI has a relative high number of Japanese (1,850 speakers), Other Asian (2,169 speakers), and Gujarati (330 speakers).

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Age by Nativity

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Global Diversity

Citizenship

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Non-English Speakers

Military

Veterans

Education

In 2015 universities in Novi, MI awarded 358 degrees. The student population of Novi, MI is skewed towards females, with 121 male students and 237 female students. Most students in Novi, MI are White (169 and 47.2%), followed by Black or African American (96 and 26.8%), Unknown (57 and 15.9%), and Hispanic or Latino (15 and 4.19%). The largest universities in Novi, MI by number of graduates are The Art Institute of Michigan (215 and 60.1%), South University-Novi (143 and 39.9%), and N/A (N/A and N/A). The most popular majors in Novi, MI are Graphic Design (41 and 11.5%), Culinary Arts & Chef Training (40 and 11.2%), and Physical Therapy Technician (20 and 5.59%). The median tuition costs in Novi, MI are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Universities

Student Gender for Common Institutions

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Housing & Living

The median property value in Novi, MI is $266,000, which is 1.3 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $246,500 to $266,000, a 7.91% increase. The homeownership rate of Novi, MI is 65.4%, which is higher than the national average of 63.6%. People in Novi, MI have an average commute time of 25.5 minutes, and they commute by Drove Alone. Car ownership in Novi, MI is approximately the same as the national average, with an average of 2 cars per household.

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United States
nation
Michigan
state
Oakland County, MI
county
Detroit-Warren-Dearborn, MI Metro Area
metropolitan statistical area
Oakland County (Southwest) PUMA
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