Cost of Living in Novi, MI
Population 66,224 · Michigan · Data vintage 2023
(100 = US avg)
The Novi cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $399,000, rents near $1,696 a month.
Novi sits roughly 20 miles northwest of Dearborn — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 94% higher than Dearborn's $206,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Novi
The median home value in Novi is $399,100 — 31% above the national median of $305,000. Median rent runs $1,696/month, 29% higher than the national median of $1,314/month. The median household income of $110,938/year is 49% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Novi has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Novi, MI?
Novi has a cost index of 130 (100 = national average). It is 30% above the national average.
What is average rent in Novi, MI?
The median gross rent in Novi is $1,696 per month based on 2023 Census data.
What is the average home price in Novi?
The median home value in Novi is $399,100 according to Zillow and Census data.
What is the median income in Novi?
The median household income in Novi is $110,938 per year (2023 ACS 5-year estimates).
What is the sales tax in Novi, MI?
The combined state and local sales tax rate in Novi is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Novi, MI affordable?
Novi is above average in cost of living, with an index of 130 — about 30% higher than the national average.
Novi at a Glance
- Population
- 66,224
- Median Income
- $110,938
- Home Value
- $399,100
- Median Rent
- $1,696/mo
- Unemployment
- 3.8%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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