Cost of Living Calculator - Traverse City, Michigan vs Banner Elk, North Carolina


The cost of living in Banner Elk, North Carolina is 2.4% more expensive than Traverse City, Michigan.

You would need a salary of $76,781 in Banner Elk, North Carolina to maintain the standard of living you have in Traverse City, Michigan.
Comparison highlights
• Overall, Banner Elk, North Carolina is more expensive than Traverse City, Michigan
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
14% more expensive in Banner Elk
than in Traverse City, Michigan
Traverse City, MI vs Banner Elk, NC
Compared to Traverse City, Banner Elk is:
  Homeowner
      No Child Care, Taxes not Considered
  2.4% 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
  4.2% higher
  Housing (Homeowner)
  3.2% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  6.8% lower
  Commute
  8.8% lower
  Health
  50.0% higher
  Taxes
  Childcare
  Personal
  6.4% lower

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