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Traverse City, MI
Full City Profile · Michigan · Grand Traverse County County
3.5
/5.0
B+
Good
15,491
Population
1,871/sq mi density
$71,731
Median Income
$53,630 per capita
$367,600
Home Value
$427,667 Zillow
$983
Median Rent
29.5% income on rent
47°F
Avg Temperature
276 sunny days/yr
418
Violent Crime/100K
1,465 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$71,731 median income, 2.9% unemployment
B+
Affordability
3.8 / 5.0
$367,600 home value, $983/mo rent
F
Safety
1.0 / 5.0
418 violent crimes/100K (10% above avg)
A+
Education
4.8 / 5.0
47.0% bachelor's degree or higher
Income Overview
Median Household Income
$71,731
5% below
US avg: $75,149
Per Capita Income
$53,630
37% above
US avg: $39,052
Unemployment Rate
2.9%
19% below
US avg: 3.6%
Poverty Rate
4.9%
60% below
US avg: 12.4%
Income Comparison: Traverse City vs. U.S. Average
Each bar shows Traverse City’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$71,731
95%
Per Capita
US: $39,052
$53,630
137%
IRS Avg AGI
US: $72,000
$91,357
127%
Avg Weekly Wage
US: $1,432
$1,140
80%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,140
20% below US avg ($1,432)
Mean Commute Time
19 min
32% below US avg (28 min)
Work From Home
15.7%
3% above US avg (15.2%)
Drive Alone
59.7%
19% below US avg (73.2%)
Public Transit
3.0%
40% below US avg (5.0%)
County GDP
$7,470M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
59.7%
Public Transit
3%
Work From Home
15.7%
Other
21.6%
Average commute time
19 minutes
US avg: 28 min
Business Landscape
Total Establishments
3,762
Restaurants
290
Healthcare
395
Retail
551
Manufacturing
180
Tax & Financial
IRS Avg Adjusted Gross Income
$91,357
27% above US avg ($72,000)
Avg Property Tax
$8,269
136% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $71,731 |
| Per Capita Income | $53,630 |
| IRS Avg Adjusted Gross Income | $91,357 |
| Avg Weekly Wage | $1,140 |
| County GDP | $7,470M |
Hardship Indicators
| Unemployment Rate | 2.9% |
| Poverty Rate | 4.9% |
| Gini Coefficient | 0.437 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 19 minutes |
| Drive Alone | 59.7% |
| Public Transit | 3.0% |
| Work From Home | 15.7% |
Businesses
| Total Establishments | 3,762 |
| Restaurants | 290 |
| Healthcare | 395 |
| Retail | 551 |
| Manufacturing | 180 |
Tax
| IRS Avg AGI | $91,357 |
| Avg Property Tax | $8,269 |