Hancock, Michigan vs. Traverse City, Michigan

Cost of Living Comparison

The cost of living in Traverse City, Michigan is 20.2% more expensive than Hancock, Michigan.

You would need a salary of $60,112 in Traverse City, Michigan to maintain the standard of living you have in Hancock, Michigan.
Comparison highlights
• Overall, Traverse City, Michigan is more expensive than Hancock, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
156% more expensive in Traverse City
than in Hancock, Michigan
Hancock, MI vs. Traverse City, MI
Compared to Hancock, Traverse City is:
  Homeowner
      No Child Care, Taxes not Considered
  20.2% higher
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  5.4% higher
  Housing (Homeowner)
  119.8% higher
  Housing (Rent)
  Median Home Cost
  Utilities
  21.0% lower
  Commute
  0.3% lower
  Health
  32.0% lower
  Taxes
  Childcare
  Personal
  8.8% higher