2025 Compare Cities Economy:
New Canaan, CT vs Traverse City, MI

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Highlights
- Household income in Traverse City, is 70% less than it is in New Canaan and is 8% below the National Average.
- New Canaan unemployment rate is 5.7%.
- Traverse City unemployment rate is 5.7%.
 New Canaan, CTTraverse City, MIUnited States
 Unemployment Rate  Unlock5.7%6.0%
 Recent Job Growth  Unlock1.7%1.6%
 Future Job Growth27.7%  Unlock33.5%
 Sales Taxes6.4%  Unlock6.2%
 Income Taxes  Unlock4.3%4.6%
 Income per Cap.$119,935  Unlock$37,638
 Household Income  Unlock$64,033$69,021
 Family Median Income$250,001  Unlock$85,028
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 Est. Households By Income
 New Canaan, CTTraverse City, MIUnited States
 Income Less Than 15K  Unlock9.1%9.4%
 Income between 15K and 20K0.3%  Unlock3.8%
 Income between 20K and 30K  Unlock11.3%8.1%
 Income between 30K and 40K3.7%  Unlock8.0%
 Income between 40K and 50K  Unlock7.1%7.6%
 Income between 50K and 60K5.9%  Unlock7.2%
 Income between 60K and 75K  Unlock12.1%9.6%
 Income between 75K and 100K4.2%  Unlock12.8%
 Income between 100K and 150K  Unlock16.2%16.3%
 Income between 150K and 200K10.6%  Unlock7.8%
 Income greater than 200K  Unlock5.2%9.5%
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 Population By Occupation
 New Canaan, CTTraverse City, MIUnited States
 Management, business, finance41.8%  Unlock16.4%
 Engineering, computers, science  Unlock5.2%6.5%
 Community, social services1.0%  Unlock1.8%
 Legal  Unlock0.6%1.2%
 Education, library7.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.2%2.0%
 Healthcare practitioners and technology3.5%  Unlock6.2%
 Healthcare support  Unlock4.5%3.3%
 Firefighters, law enforcement0.2%  Unlock2.1%
 Food preparation, serving  Unlock9.2%5.4%
 Building maintenance1.5%  Unlock3.6%
 Personal care  Unlock2.1%2.6%
 Sales, office, administrative support20.5%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair0.9%  Unlock8.1%
 Production, transportation, material moving  Unlock9.7%13.1%
Reviews for New Canaan    3 Reviews

Over 15 years ago

Beautiful town with wonderful people. Great place to raise children, however, it is extremely costly to live  More

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Over 16 years ago

Agreed, cost of living is too high, too many wall streeters (which have a bad rep nowadays), and diversity is almost non-existant, public schools are average/good but  More

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Outside of the other categories, which run very well here; schools are good and competitive, climate is relatively mild, crime is very low, diversity is strong, culture  More

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Reviews for Traverse City    28 Reviews

Beautiful, clean, surrounded by some of the most beautiful and unpolluted nature in the nation, interesting residents from all over the world, an open-minded liberal  More

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Teri · 

Sorry I moved here homes overpriced, local people are rude. Too many rambo type personalities, pickup trucks and illiteracy Fun for about a week. Restaurants are  More

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Left in '78. Should have left sooner. If you are a snob and think you're better than any one else then maybe you can get a job teaching here. Hated it as a kid and come  More

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