Traverse City, MI
Full City Profile · Michigan · Grand Traverse County County
4.2
/5.0
A
Great
15,491
Population
1,871/sq mi density
$71,731
Median Income
$53,630 per capita
$367,600
Home Value
$446,706 Zillow
$983
Median Rent
29.5% income on rent
47°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
A
Economy
4.1 / 5.0
$71,731 median income, 4.5% unemployment
B+
Affordability
3.8 / 5.0
$367,600 home value, $983/mo rent
A+
Education
4.8 / 5.0
47.0% bachelor's degree or higher
Change Over Time (2013, 2023)
Population Change
+4.4%
15,049 → 15,718
over 10 years
Annual Pop. Growth
+0.44%
Compound annual growth rate
Median Income Change
+57.7%
$45,497 → $71,731
nominal, not inflation-adjusted
Annual Income Growth
+4.66%
Compound annual growth rate
Population Over Time
Total population for Traverse City across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
16,209
+491 from 2023 (15,718)
Projected Median Income 2030
$98,667
+$26,936 from 2023 ($71,731)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 15,049 | - | $45,497 | - |
| 2015 | 15,328 | +1.9% | $47,284 | +3.9% |
| 2017 | 15,514 | +1.2% | $53,237 | +12.6% |
| 2019 | 15,715 | +1.3% | $57,076 | +7.2% |
| 2021 | 15,559 | -1% | $64,033 | +12.2% |
| 2023 | 15,718 | +1% | $71,731 | +12% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.