NoviMichigan

Novi Population Demographics

According to US population projections for 2022, the estimated population of Novi is 66,575. 23.42% is under 18, while 15.79% is over 65.

A closer look at the age demography reveals that 4.58% of the population was five years old or younger, 23.42% were 18 years or younger and 29.47% were aged 65 years and over. The gender split in the state was nearly even, with 53.25% female and 46.75% male.

Novi Housing

According to the US Census, Novi has 30,844 housing units. The average owner-occupied housing unit rate in Novi was 91.48%. At the same time, the city's median value of owner-occupied homes was $358,400

Novi Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 84.96% of Novi's population. Residents of the city who were Black Or African American Alone, made up 7.61% of the total population.

Other racial groups include Some Other Race Alone, constituting 1.44% of the city's population and White Black Or African American at 0.66%

How Educated is Novi

According to Census estimates, in 2021, 34.1% of Novi residents had a bachelor's degree, while 31.1% had a graduate or professional degree.

Overall, 65.20% of residents have a bachelor's degree or higher.

Average Income in Novi

The median household income in Novi is $104,597. This figure is significantly (approximately 0.00%) less than the state average of $104,597.

Estimates by family type revealed that families earned an average of $129,781 per year, while married-couple families earned an average of $139,229.

A closer examination of the income groups of Novi households revealed that the largest income group consisted of households with an annual income between $100,000 and $149,999. Other groups with yearly high household incomes include those between $200,000 (19.5%) and those with incomes exceeding $200,000 (19.5%). 4.0% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family