Income & Economy in Novi city, MI (48375)
Median Income
$112,978
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+936
Wealth inflow
Population
23,927
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 936 for ZIP 48375 (Novi city, MI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 48375 (2020–Present)
Since 2020, population grew 8.7%, median income fell 0.4% (inflation-adjusted), home values increased 3.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $112,978 |
| Unemployment | 4.3% |
| Establishments | 1,111 |
| Employees | 19,397 |