48374 Zip Code Income, Population and Demographics

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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).

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.

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 .

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.

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.

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