Economy in Traverse City, Michigan
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Economy
| Unemployment Rate | 11.50% | 9.10% |
| Recent Job Growth | -2.65% | -0.12% |
| Future Job Growth | 23.20% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $25,011 | $27,067 |
| Household Income | $40,600 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.21% | 12.10% |
| Income between 15K and 25K | 14.26% | 10.18% |
| Income between 25K and 35K | 15.22% | 10.56% |
| Income between 35K and 50K | 20.22% | 14.98% |
| Income between 50K and 75K | 18.51% | 19.53% |
| Income between 75K and 100K | 8.06% | 12.52% |
| Income between 100K and 150K | 6.64% | 12.14% |
| Income between 150K and 250K | 1.65% | 3.91% |
| Income between 250K and 500K | 1.93% | 3.34% |
| Income greater than 500K | 0.30% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.72% | 13.81% |
| Professional and Related Occupations | 25.81% | 22.68% |
| Service | 16.90% | 14.51% |
| Sales and Office | 31.67% | 25.22% |
| Farming, Fishing, and Forestry | 0.32% | 0.68% |
| Construction, Extraction, and Maintenance | 7.03% | 9.37% |
| Production, Transportation, and Material Moving | 12.91% | 15.86% |
The unemployment rate in Traverse City, MI, is 11.50%, with job growth of -2.65%. Future job growth over the next ten years is predicted to be 23.20%.
Traverse City, MI Taxes
Traverse City, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Traverse City, MI Income and Salaries
The income per capita is $25,011, which includes all adults and children. The median household income is $40,600.
Traverse City Economy SperlingViews
Traverse City - Good experiences: I have relatives in Leland and have been in Traverse City many times. I have always had a positive experience while visiting. Traverse City, Leland, and the... (read more)Northern Michigan...: Overall, I've found Traverse City, Michigan, to be fair in culture and recreation, but it continues to grow upwards in these areas. The people I've met and befriended... (read more)So Much To Do!: If you like outdoor recreation and also enjoy the arts, you must check out Traverse City. From watersports in the summer to skiing in the winter, this town has it all. ... (read more)Have an opinion about Traverse City? Leave a commentTo See All SperlingViews for Traverse City Click Here
