48374 Zip Code Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for the 48374 zip code? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for 48374, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

48374 is a zip code in Oakland County, Michigan, which covers Novi, with a total population of 18,125 people.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in 48374 is $179,940.00.

The chart below shows the average household income by age in 48374.

  • Under 25
    $0.00
  • 25 to 44
    $178,388.00
  • 45 to 64
    $218,509.00
  • 65 and over
    $74,239.00

Average Household Income

A very commonly asked question is "what is the average household income in the 48374 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 48374 is $227,270.00.

45.23% of households in the 48374 zip code are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for 48374 but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for 48374

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 48374 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    4.97%
  • $25,000 to $49,999
    6.01%
  • $50,000 to $74,999
    6.13%
  • $75,000 to $99,999
    4.68%
  • $100,000 to $149,999
    16.96%
  • $150,000 to $199,999
    16.01%
  • $200,000 or more
    45.23%

Per Capita Income

The per capita income is the average income of all people in the 48374 zip code. This is calculated by dividing the total income of all people in 48374 by the total number of people in 48374.

It differs from the average or mean household income because it includes all people in 48374 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 48374 zip code is $72,036.00.

Population in 48374 by Race and Ethnicity

The total population in 48374 is currently 18,125 people.

The race and ethnicity of the population in 48374 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 48374 zip code.

  • 1.30% White
    240
  • 96.60% Black/African American
    17,517
  • 63.80% Native
    11,557
  • 3.90% Hispanic
    705
  • 4.10% Asian
    747
  • 0.40% Hawaiian/Pacific Islander
    64
  • 0.00% Two or more races
    0
  • 25.30% Other
    4,581

Population of 48374 by Age and Gender

Another very important demographics statistic for the 48374 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 1,093 1,451
10 to 19 Years 1,619 1,618
20 to 29 Years 678 683
30 to 39 Years 948 1,214
40 to 49 Years 1,648 1,663
50 to 59 Years 1,370 1,280
60 to 69 Years 878 974
70 Years and over 494 514

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 48374 zip code.

  • Master's degree or higher
    41.64%
  • Bachelor's degree
    42.92%
  • Some college or associate's degree
    4.28%
  • High school diploma or equivalent
    10.70%
  • Less than high school diploma
    0.45%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 48374 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 48374 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 48374 zip code that are over the age of 16.

The current population in 48374 that are over the age of 16 is 13,639 people.

The unemployment rate in 48374 is 3.60%, which means 343 people are unemployed.

Median Age in 48374

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 48374 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 48374 is 39.2 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 48374

39.2

Total

40.2

Male

38.2

Female

Households and Families

There are a total of 5,689 households in 48374, and the average household size is 3.18 people.

For families, the total number is 5,050, and the average family size is 3.41 people.

1.90% of those families in the 48374 zip code are living below the poverty line.

The table below shows the poverty thresholds for 48374 in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in the 48374 zip code for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 4,524 162 364 639
Average Household Size 3.47 4.06 2.77 1.08
Total Families 4,524 162 364 0
Average Household Size 3.47 3.36 2.72 0

Housing Data in 48374

There are total of 5,943 housing units in the 48374 zip code. Of those units, 5,689 (95.73%) are occupied, and 254 (4.27%) are vacant.

Rental Rates

Of the 5,943 housing units in 48374, 580 (9.76%) are occupied by renters. The median rent paid by renters is $2,352.00.

Owner occupied housing units make up the remaining 85.97% of housing units, with 5,109 housing units in total.

The table below breaks down how much rent is paid by renters in the 48374 zip code.

  • No rent paid
    0
  • Less than $500
    0
  • $500 to $999
    0
  • $1,000 to $1,499
    124
  • $1,500 to $1,999
    54
  • $2,000 to $2,499
    159
  • $2,500 to $2,999
    32
  • $3,000 or more
    211

Property Values

The median value of a property in 48374 is $536,100.00.

The table below breaks down the range of valuations for all properties in 48374.

  • Less than $50,000
    436
  • $50,000 to $99,999
    63
  • $100,000 to $149,999
    15
  • $150,000 to $199,999
    85
  • $200,000 to $299,999
    124
  • $300,000 to $499,999
    1,543
  • $500,000 to $999,999
    2,791
  • $1,000,000 or more
    52

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 48374 zip code.

  • 1939 or earlier
    0
  • 1940 to 1949
    19
  • 1950 to 1959
    100
  • 1960 to 1969
    204
  • 1970 to 1979
    123
  • 1980 to 1989
    787
  • 1990 to 1999
    2,030
  • 2000 to 2009
    1,426
  • 2010 to 2013
    1,210
  • 2014 or later
    44

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 48374 has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    17
  • 1 vehicle available
    998
  • 2 vehicles available
    3,116
  • 3 or more vehicles available
    1,558

Commuting to Work in 48374

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 48374 zip code, how they commute, and how that correlates to other data points.

The average travel time is 28.2 minutes, and the chart below covers the range of travel times across the population of 48374.

  • Less than 5 minutes
    145
  • 5 to 9 minutes
    357
  • 10 to 14 minutes
    889
  • 15 to 19 minutes
    881
  • 20 to 24 minutes
    953
  • 25 to 29 minutes
    603
  • 30 to 34 minutes
    994
  • 35 to 39 minutes
    364
  • 40 to 44 minutes
    778
  • 45 to 59 minutes
    960
  • 60 to 89 minutes
    348
  • 90 or more minutes
    56

We can also look at the means of transport in 48374 to see which modes of transport people are using to commute to work.

  • Drove alone
    6,509
  • Carpooled
    771
  • Public transportation
    1
  • Walked
    16
  • Other means
    31
  • Worked from home
    1,618

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 48374 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 48374.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "48374 Zip Code Income, Population and Demographics". NameCensus.com. Accessed on June 14, 2024. https://namecensus.com/demographics/michigan/48374/.

  • "48374 Zip Code Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/michigan/48374/. Accessed 14 June, 2024

  • 48374 Zip Code Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/michigan/48374/.