Novi is a city best known to many as the major regional shopping capital in Oakland County, and one of Michigan's youngest and fastest growing cities. The most obvious landmark in the city is the Twelve Oaks Mall, located at the interchange of Novi Road and I-96.

Novi includes all or part of four public school districts including Novi Community Schools, Northville Public Schools, South Lyon Community Schools, and Walled Lake Consolidated School District. Most citizens fall within Novi Schools while the northwestern end of Novi falls within South Lyon, the southern and western ends fall within Northville, and the north end falls within Walled Lake. Walled Lake operates two elementary schools, Hickory Woods and Meadowbrook, and Northville operates an elementary school, Thornton Creek, within the Novi city limits.

Novi continues to be one of the fastest growing cities in Michigan. The construction of Twelve Oaks Mall in the 1970s made the city a major shopping destination in the Detroit metropolitan area and is often credited with ushering in an era of growth that lasted for 40 years (although, in fact, the community had been growing rapidly since the 1950s). This growth has led to substantial increases in the city's population, as well as commercial and industrial developments in the city.

Novi has a local economy that includes businesses of all sizes from international corporations with local and regional offices in Novi to owner-operated businesses serving the local area. While Novi is recognized for its large concentration of retail businesses clustered at the Novi Road and I-96 interchange, there are several large retail centers in the city as well as many individual retail businesses. Novi has a number of car dealerships along Haggerty Road and Grand River Avenue. The city's industrial and office parks are home to companies in high tech research and development, health care, transportation and logistics, manufacturing and domestic and foreign automotive-related suppliers. Energy-related companies are one of the fastest growing sectors in the city. These companies include the headquarters for ITC Transmission, Novi Energy and offices of Patrick Energy Services.

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