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

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Highlights
- Household income in New London, is 21% less than it is in Traverse City and is 36% below the National Average.
- Traverse City unemployment rate is 5.7%.
- New London unemployment rate is 13.2%.
 Traverse City, MINew London, CTUnited States
 Unemployment Rate  Unlock13.2%6.0%
 Recent Job Growth  Unlock0.2%1.6%
 Future Job Growth34.7%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$41,461  Unlock$37,638
 Household Income  Unlock$50,819$69,021
 Family Median Income$93,201  Unlock$85,028
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 Est. Households By Income
 Traverse City, MINew London, CTUnited States
 Income Less Than 15K  Unlock15.8%9.4%
 Income between 15K and 20K3.7%  Unlock3.8%
 Income between 20K and 30K  Unlock11.6%8.1%
 Income between 30K and 40K9.4%  Unlock8.0%
 Income between 40K and 50K  Unlock10.4%7.6%
 Income between 50K and 60K6.6%  Unlock7.2%
 Income between 60K and 75K  Unlock8.2%9.6%
 Income between 75K and 100K13.1%  Unlock12.8%
 Income between 100K and 150K  Unlock13.2%16.3%
 Income between 150K and 200K6.3%  Unlock7.8%
 Income greater than 200K  Unlock3.8%9.5%
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 Population By Occupation
 Traverse City, MINew London, CTUnited States
 Management, business, finance13.8%  Unlock16.4%
 Engineering, computers, science  Unlock8.8%6.5%
 Community, social services3.8%  Unlock1.8%
 Legal  Unlock0.5%1.2%
 Education, library7.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.3%2.0%
 Healthcare practitioners and technology7.5%  Unlock6.2%
 Healthcare support  Unlock5.6%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock7.6%5.4%
 Building maintenance5.8%  Unlock3.6%
 Personal care  Unlock4.5%2.6%
 Sales, office, administrative support18.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair7.3%  Unlock8.1%
 Production, transportation, material moving  Unlock13.8%13.1%
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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Reviews for New London    2 Reviews

Over 17 years ago

all and out its not that bad it just depends where you  More

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A very Historic City; no place more than mile from Salt Water; beautiful public beaches; vibrant art, theatre and music scene; brand new Science and Technology Magnet  More

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