It depends on the kind of coil...
The formula that you quote is for a solenoid whose length is much greater than its diameter. It gives the field strength (flux density) at any point in the central (uniform field) region, that is inside the solenoid but a few diameters away from the ends. [A solenoid is a coil wound on a cylindrical former, so that the wire forms a helix with closely packed turns.]
Towards the ends of the solenoid the field does decrease, so that the field strength on the axis at the geometrical end of the solenoid is half what it is in the middle.
For a 'flat' coil, for which the turns are almost in a single plane and not spread out over a cylinder, there is no region of uniform field. The flux density at the centre of a flat coil of radius $a$ and $N$ turns is
$$B=\frac{\mu_0 N I}{2 a}$$
The field strength drops as we move along the axis from the centre of the coil. At distance $z$ along the axis from the centre
$$B=\frac{\mu_0 N I a^2}{2{(a^2 + z^2)}^{3/2}}$$
On the other hand, going out radially from the centre towards the wire of the coil, the field increases.
[From the last formula we can derive the long solenoid formula that you quoted (at least for points on the axis) by regarding the solenoid as a collection of co-axial flat coils! This viewpoint also enables us to see why, in the middle region of a solenoid, the field is the same if we move along the axis from the central point. We still have flat coils on either side of us, stretching away so far that their ceasing to exist at each end isn't relevant: the fields from distant flat coils are too weak to contribute in the central region. There is no such easy explanation of why, in the central region, the field is uniform over the cross-section.]