Wealth Index

The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.

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Income Statistics Overview

See income data visualized

Metric Novi Michigan Avg US Average
Median Household Income $112,014 $71,353 $78,145
Median Personal Income $112,014 $71,353 $78,145
Average income growth 3.7% 3.7% 3.7%

Household Income Trend

Median Household Income Over Time

Novi
United States
Year Novi United States

Economic Inequality in Novi | Gender Pay Gap | Gini Index

Metric Novi Michigan Avg US Average
Gini Index 0.554 0.556 0.570
Male Median Income $115,533 $67,497 $67,746
Female Median Income $76,779 $52,846 $54,793
Gender Pay Gap 33.5% 21.7% 19.1%

Income by Sex Over Time

Male
Female
Year Male Income Female Income Gap %

Employment

Metric Novi Michigan Avg US Average
Unemployment Rate 3.8% 5.8% 5.2%
Working from Home 18.7% 12.0% 13.4%
Commute time (minutes) 23 21 22

Unemployment Rate Over Time

Novi
United States
Year Novi United States