Income & Economy in Novi city, MI (48377)
Median Income
$83,368
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+774
Wealth inflow
Population
19,775
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 774 for ZIP 48377 (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 48377 (2020–Present)
Since 2020, population grew 15.4%, median income rose 1.6% (inflation-adjusted), home values increased 6.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $83,368 |
| Unemployment | 3.2% |
| Establishments | 728 |
| Employees | 25,952 |