Novi, located in Michigan, is a vibrant city known for its community spirit and quality of life. Understanding the cost of living in Novi is crucial for both current residents and those considering a move to the area.This guide provides a detailed breakdown of various expenses in Novi, including housing, dining, groceries, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $17.5 on average, with a range between $16 and $19.
Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $70 to $105.
Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $8.5, with a range between $8 and $9.
Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer ranges from $5 to $8, imported beer averages $4, cappuccino is consistently $4, and Coke/Pepsi averages $4.
Grocery Prices
MilkMilk is priced between $0.76 and $1.06 per liter, averaging $0.9.
Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $2.97 and $4.41, with an average price of $3.93.
Eggs (Dozen)A dozen eggs average $1.49.
Fruits (e.g., Apples, Oranges)Apples cost $2.18 to $11.02 per kg, while oranges range from $2.76 to $6.61 per kg.
Vegetables (e.g., Potatoes, Lettuce)Potatoes are priced between $1.1 and $4.41 per kg, and lettuce averages $1.89 per head.
Transportation
Public Transport (One-Way Ticket)Public transport costs are not specified, but local commuting options are available.
Fuel (Gasoline)Gasoline prices are not specified, but are generally in line with national averages.
Taxi FaresTaxi fares are not specified, but typically align with regional standards.
Housing Costs
1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre ranges from $1500 to $1750, averaging $1625.
1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $1350 to $1540, averaging $1445.
3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre ranges from $2200 to $2600, averaging $2400.
3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $2000 to $2200, averaging $2100.
Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre averages $3444.45.
Buying Price per Square Meter (Outside Centre)Outside the centre, the price per square meter ranges from $2152.78 to $2690.98, averaging $2421.88.
Utilities
Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost between $150 and $250, averaging $191.67.
InternetInternet services range from $70 to $115, with an average cost of $95.
Cost of Living Data
The following pricing data has been gathered from 10 user contributions, as of the most recent update in October, 2024.
Restaurants
Avg / Range
Restaurants
Avg
Range
Meal, Inexpensive Restaurant
$17.50
Meal for 2 People, Mid-range Restaurant, Three-course
$87.50
McMeal at McDonalds (or Equivalent Combo Meal)
$8.50
Domestic Beer (0.5 liter draught)
$6.50
Imported Beer (0.33 liter bottle)
$4.00
Coke/Pepsi (0.33 liter bottle)
$4.00
Water (0.33 liter bottle)
$2.25
Cappuccino (regular)
$4.00
Markets
Avg / Range
Markets
Avg
Range
Milk (regular), (1 liter)
$0.90
Loaf of Fresh White Bread (500g)
$3.93
Eggs (regular) (12)
$1.49
Local Cheese (1kg)
$19.84
Bottle of Wine (Mid-Range)
$15.00
Cigarettes 20 Pack (Marlboro)
$8.25
Chicken Fillets (1kg)
$13.96
Apples (1kg)
$8.08
Oranges (1kg)
$4.68
Potato (1kg)
$2.35
Lettuce (1 head)
$1.89
Rice (white), (1kg)
$5.79
Tomato (1kg)
$5.05
Banana (1kg)
$2.69
Onion (1kg)
$2.73
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$24.98
Rent Per Month
Avg / Range
Rent Per Month
Avg
Range
Apartment (1 bedroom) in City Centre
$1,625.00
Apartment (1 bedroom) Outside of Centre
$1,445.00
Apartment (3 bedrooms) in City Centre
$2,400.00
Apartment (3 bedrooms) Outside of Centre
$2,100.00
Utilities (Monthly)
Avg / Range
Utilities (Monthly)
Avg
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$191.67
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$95.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$40.00
Clothing And Shoes
Avg / Range
Clothing And Shoes
Avg
Range
1 Pair of Jeans (Levis 501 Or Similar)
$45.00
1 Pair of Nike Running Shoes (Mid-Range)
$67.50
Buy Apartment Price
Avg / Range
Buy Apartment Price
Avg
Range
Price per Square Meter to Buy Apartment in City Centre
$3,444.45
Price per Square Meter to Buy Apartment Outside of Centre
$2,421.88
Salaries And Financing
Avg / Range
Salaries And Financing
Avg
Range
Average Monthly Net Salary (After Tax)
$5,460.40
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
6.85%
Childcare
Avg / Range
Childcare
Avg
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.