48374 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 48374, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

48374 is a zip code in Oakland County, Michigan, which covers Novi, with a total population of 17,952 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 48374 zip code. The most basic data is the total population, which is the total number of people living in 48374.

The estimated population of people living in 48374 is 17,952, with a median age of 38.6.

We can look back at data from previous years to see how the population in the 48374 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
17,952
+7.8%
+15.17%
2020
16,653
+0.39%
-
2019
16,589
+3.77%
-
2018
15,987
+2.57%
-
2017
15,587
- -

Population of 48374 by Race and Ethnicity

How much has the race and ethnicity of the population in the 48374 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
66%
64.2%
+2.80%
Black/African American
3.7%
5.3%
-30.19%
Native
0%
0.2%
-100.00%
Hispanic
3.2%
2.2%
+45.45%
Asian
24%
26.2%
-8.40%
Hawaiian/Pacific Islander
0%
0%
0.00%
Two Or More Races
2.7%
1.8%
+50.00%
Other
0.4%
0%
0.00%

This data can be very important for anybody studying the 48374 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 48374 by Age and Gender

We can also monitor the change of the age and gender in the 48374 zip code to track track trends in the population over time.

We can see how the population in 48374 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 38.6 +4.89% 39.8 +6.13% 37.9 +8.6%
2020 36.8 -2.65% 37.5 -0.79% 34.9 -8.16%
2019 37.8 -0.53% 37.8 +0.53% 38 -2.81%
2018 38 0% 37.6 +1.62% 39.1 -1.26%
2017 38 - 37 - 39.6 -

The median age of the 48374 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 48374 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 1,300 -15.84% 849 +48.89% 1,101 1,304
10 to 19 1,525 +4.7% 1,459 +22.41% 1,579 1,811
20 to 29 521 +49.77% 662 +16.91% 802 775
30 to 39 893 -0.61% 926 +21.04% 866 1,112
40 to 49 1,379 +11.65% 1,328 +13.58% 1,477 1,503
50 to 59 1,143 +21.12% 1,453 -5.98% 1,393 1,366
60 to 69 874 +19.72% 684 +52.51% 1,015 1,085
70+ 254 +54.77% 337 +15.3% 414 349

Median Household Income

The latest median household income for the 48374 zip code is $158,631.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 48374.

  • Under 25
    $0.00
  • 25 to 44
    $165,054.00
  • 45 to 64
    $179,960.00
  • 65 and over
    $72,583.00

Average Household Income

Whenever we ask what is the average household income in the 48374 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 48374, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 48374 is currently $203,003.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

40.58% of households in 48374 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 48374 against other zip codes.

  • Less than $24,999
    4.93%
  • $25,000 to $49,999
    9.82%
  • $50,000 to $74,999
    7.12%
  • $75,000 to $99,999
    6.39%
  • $100,000 to $149,999
    18.41%
  • $150,000 to $199,999
    12.75%
  • $200,000 or more
    40.58%

Per Capita Income

The per capita income in 48374 is $64,840.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 48374 by the total population of 48374.

This is different from the average or mean income because it includes and accounts for all people living in the 48374 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 48374 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    40.10%
  • Bachelor's degree
    43.29%
  • Some college or associate's degree
    4.87%
  • High school diploma or equivalent
    10.88%
  • Less than high school diploma
    0.86%

Employment

Employment rates are all based around the total population in 48374 that are over the age of 16.

Currently, the total population of the 48374 zip over the age of 16 is 13,482.

Of those people, a total of 69.50% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 48374 is 66.40%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 48374 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,325 49.40% 0.00%
20 to 24 years 1,169 67.40% 25.40%
25 to 29 years 408 67.40% 5.80%
30 to 34 years 871 84.20% 3.10%
35 to 44 years 2,409 86.50% 6.20%
45 to 54 years 3,173 83.40% 0.70%
55 to 59 years 1,264 82.70% 2.40%
60 to 64 years 1,213 58.20% 0.00%
65 to 74 years 1,284 30.10% 0.00%
75 years and over 366 12.80% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 48374. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 9,357 66.90% 3.00%
Black or African American 513 84.40% 38.10%
American Indian and Alaska Native 0 0.00% 0.00%
Asian 3,099 75.40% 2.40%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 120 67.50% 0.00%
Two or more races 393 65.60% 0.00%
Hispanic or Latino 421 56.10% 0.00%
Not Hispanic or Latino 9,148 67.10% 3.10%

Occupations

In this section we can look at the most common occupations for people living in the 48374 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 48374 is 8,954, with median earnings of $94,217.00.

Women in 48374 are earning approximately 45.20% of the men's earnings.

Population Earnings
Total 8,954 $94,217.00
Male 4,982 $121,086.00
Female 3,972 $54,671.00

Occupations by Category

In the table below, we can break down the population and earnings for 48374 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 1,766 $137,167.00
Business and Financial 522 $100,938.00
Computer and Mathematical 821 $117,102.00
Architecture and Engineering 729 $135,548.00
Life, Physical, and Social Science 40 $96,136.00
Community and Social Service 75 $51,583.00
Legal 32 $0.00
Educational and Library 655 $72,639.00
Arts, Design, Entertainment, Sports, and Media 117 $62,697.00
Healthcare Practitioners 804 $121,618.00
Healthcare Support 117 $11,563.00
Firefighters and Protective Service 0 $0.00
Law Enforcement 0 $0.00
Food Preparation and Serving 486 $2,499.00
Building and Grounds Cleaning 209 $11,067.00
Personal Care and Service 158 $6,711.00
Sales 898 $92,963.00
Office and Administrative Support 669 $33,940.00
Farming, Fishing, and Forestry 54 $26,375.00
Construction and Extraction 218 $59,333.00
Installation, Maintenance, and Repair 48 $86,667.00
Production 235 $37,985.00
Transportation and Material Moving 76 $40,370.00

Occupations by Gender

Now we can also look at the occupations by category for 48374 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 48374.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 1,361 $150,341.00 405 $101,760.00
Business and Financial 258 $107,794.00 264 $100,313.00
Computer and Mathematical 405 $122,019.00 416 $115,909.00
Architecture and Engineering 572 $136,313.00 157 $126,250.00
Life, Physical, and Social Science 14 $0.00 26 $0.00
Community and Social Service 19 $0.00 56 $65,909.00
Legal 14 $0.00 18 $0.00
Educational and Library 298 $120,398.00 357 $59,353.00
Arts, Design, Entertainment, Sports, and Media 45 $0.00 72 $70,305.00
Healthcare Practitioners 198 $250,001.00 606 $85,242.00
Healthcare Support 96 $11,176.00 21 $0.00
Firefighters and Protective Service 0 $0.00 0 $0.00
Law Enforcement 0 $0.00 0 $0.00
Food Preparation and Serving 126 $3,333.00 360 $2,499.00
Building and Grounds Cleaning 111 $9,289.00 98 $50,822.00
Personal Care and Service 14 $0.00 144 $6,404.00
Sales 534 $112,031.00 364 $22,174.00
Office and Administrative Support 231 $160,938.00 438 $29,917.00
Farming, Fishing, and Forestry 54 $26,375.00 0 $0.00
Construction and Extraction 218 $59,333.00 0 $0.00
Installation, Maintenance, and Repair 48 $86,667.00 0 $0.00
Production 137 $36,933.00 98 $38,559.00
Transportation and Material Moving 49 $19,120.00 27 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 5,661 households in 48374, with an average household size of 3.17 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 4,952 families living in the 48374 zip code with an average family size of 3.41 people.

Households by Marital Status

The four categories of household by marital status are:

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

The table below shows the total number of households and families, with the average sizes of each, that live in 48374:

Married Male Female Nonfamily
Total Households 4,385 193 374 709
Average Household Size 3.48 3.95 2.8 1.21
Total Families 4,385 193 374 0
Average Household Size 3.48 3.15 2.75 0

Poverty

Of the 4,952 families living in 48374, 1.60% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 48374:

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

Housing

There are 5,887 housing units in 48374.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 5,661 96.16%
Vacant 226 3.84%

12.30% of the total 5,887 housing units in 48374 are rental units. This is approximately 724 properties.

For owner-occupied housing units, a total of 4,937 are occupied by the owner - or 83.86% of the total.

Rental Rates

The median rent for a property in 48374 is $1,900.00.

In the chart below, we can look at the number of rental properties in 48374 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    0
  • Less than $500
    0
  • $500 to $999
    0
  • $1,000 to $1,499
    177
  • $1,500 to $1,999
    231
  • $2,000 to $2,499
    90
  • $2,500 to $2,999
    109
  • $3,000 or more
    117

Property Value

The median value of a property in 48374 is $466,200.00.

Just like with rental rates, we can look at the number of properties in 48374 that fall into a particular value range.

  • Less than $50,000
    450
  • $50,000 to $99,999
    54
  • $100,000 to $149,999
    31
  • $150,000 to $199,999
    85
  • $200,000 to $299,999
    273
  • $300,000 to $499,999
    1,971
  • $500,000 to $999,999
    2,029
  • $1,000,000 or more
    44

Property Age

We can also look at the age of properties in 48374. The chart below shows the number of properties in 48374 that fall into a particular age range.

  • 1939 or earlier
    14
  • 1940 to 1949
    20
  • 1950 to 1959
    105
  • 1960 to 1969
    143
  • 1970 to 1979
    156
  • 1980 to 1989
    799
  • 1990 to 1999
    2,094
  • 2000 to 2009
    1,300
  • 2010 to 2013
    1,256
  • 2014 or later
    0

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 48374 that have a particular number of vehicles available.

  • No vehicles available
    17
  • 1 vehicle available
    1,059
  • 2 vehicles available
    2,949
  • 3 or more vehicles available
    1,636

Commuting to Work

In this section, we can also look at how people in 48374 get to work. The chart below shows the number of people in 48374 that commute to work in a particular way.

29.2 minutes is the average travel time to work for people in 48374.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    100
  • 5 to 9 minutes
    344
  • 10 to 14 minutes
    984
  • 15 to 19 minutes
    761
  • 20 to 24 minutes
    1,107
  • 25 to 29 minutes
    591
  • 30 to 34 minutes
    930
  • 35 to 39 minutes
    307
  • 40 to 44 minutes
    994
  • 45 to 59 minutes
    929
  • 60 to 89 minutes
    545
  • 90 or more minutes
    56

Summary

We've covered a LOT of demographic and population data for 48374 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 48374

If you want to see how the population and demographics of 48374 compare to other zip codes in Michigan, check out the list of all Michigan zip codes below: