Income & Economy in Novi city, MI (48167)
Median Income
$118,378
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+911
Wealth inflow
Population
23,281
Unemployment
3.1%
0.6pp below US avg
IRS migration statistics show a net inflow of about 911 for ZIP 48167 (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 48167 (2020–Present)
Since 2020, population grew 2.8%, median income fell 3.4% (inflation-adjusted), home values increased 3.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $118,378 |
| Unemployment | 3.1% |
| Establishments | 667 |
| Employees | 9,440 |