Novi, Michigan is a mid-sized city with a population of 58,233 people. According to the most recent Census, 67% of Novi residents are White, 21% Asian and 8% Black. Novi has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 86% of the population is classified as married and 49% have kids.
Living in Novi can be a positive experience for anyone relocating to the town. Having said that, in the state of Michigan, there are many incredible places to live, so choose wisely! Using the livability score which includes data from categories like cost of living, weather, education, employment, you can easily compare the best places to live in Novi and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Novi to Michigan and the national average.
Novi, MI receives 86/100 for its livability score; this results in a ranking of #14 in Michigan and #278 in the USA. Clearly, Novi is doing something right, as this score ranks well above the average of most cities. The cherry on top is that Novi also ranks in the top 10 percent of all cities. If we dig down a little deeper into each category within the livability score, we see that Novi has higher than average scores for the following: amenities (A+), crime (A+), education (A-), employment (B+) and housing (A+). On a more negative note, Novi does not have favorable scores for the following: cost of living (F) and weather (D-). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Novi on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Novi gets top scores for their low violent crime rates of 72 crimes per 100,000 residents, which are significantly lower than the national average.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Novi apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Novi is real estate affordability. Median real estate prices in Novi come in at $266,000, which is 108.1% higher than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Novi, the home price to income ratio is 3.1, which is 24% higher than the Michigan average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Novi were 0.9%, and the 5 year appreciation rates came in at 12.7%.
|Average one way commute||27min||24min||26min|
|Workers who drive to work||88.0%||82.5%||76.4%|
|Workers who carpool||5.9%||8.8%||9.3%|
|Workers who take public transit||0.2%||1.4%||5.1%|
|Workers who bicycle||0.2%||0.5%||0.6%|
|Workers who walk||0.6%||2.2%||2.8%|
|Working from home||4.6%||3.7%||4.6%|
|Airports (within 30 miles of city center)||0 (1)||12||354|
|Amtrak train stations (within 30 miles of city center)||0 (7)||36||711|