Novi township, Michigan

Cost of living in Novi township, Michigan

  • Cost of living compated to USAhigh
  • Cost of living compared to Michiganthe highest
  • Median household incomethe highest

Is it expensive to live in Novi township, Michigan? When calculating the cost of living in Novi township, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Novi township, Michigan is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Novi township is $183,125 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Novi township, Michigan

The sales tax rate in Novi township, Michigan is 6.0%. Last year, the average property taxes paid was 1.6% Novi township, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Novi township, Michigan

  • The average cost of a single-family home compated to USAthe highest
  • The average cost of a single-family home compated to Michiganthe highest

In Novi township, Michigan, 100% of the population owns their homes, while approximately 0% rent. The average cost of a single-family home in Novi township, Michigan in 2022 is $418,276 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $1,120 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$1,120the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,430the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,800the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,950the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest