The typical household size in Novi, MI is 3.2 family members, with 66.7% being the owner of their very own domiciles. The average home cost is $320790. For individuals paying rent, they pay out an average of $1347 per month. 57.8% of households have dual incomes, and a median domestic income of $98020. Average individual income is $50544. 4% of residents are living at or beneath the poverty line, and 9% are disabled. 3.8% of inhabitants are ex-members associated with armed forces of the United States.
Novi, Michigan is located in Oakland county, and includes a community of 60896, and rests within the greater Detroit-Warren-Ann Arbor, MI metro region. The median age is 38.6, with 12.2% for the populace under ten years old, 14.2% between ten-nineteen years old, 11.2% of town residents in their 20’s, 14.4% in their thirties, 13% in their 40’s, 15.7% in their 50’s, 10.1% in their 60’s, 4.9% in their 70’s, and 4.2% age 80 or older. 49.3% of town residents are men, 50.7% women. 58.8% of citizens are recorded as married married, with 9.4% divorced and 26.2% never wedded. The % of women and men recognized as widowed is 5.6%.
The work force participation rate in Novi is 68.1%, with an unemployment rate of 2.8%. For many located in the work force, the common commute time is 26.9 minutes. 27.9% of Novi’s community have a grad diploma, and 32.6% have earned a bachelors degree. Among those without a college degree, 22.6% have some college, 12.9% have a high school diploma, and just 3.9% have an education less than high school. 4.3% are not included in health insurance.