Housing costs in Traverse City?
A typical home costs
$406,900, which is 20.3% more expensive than the national average of
$338,100 and 86.1% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Traverse City costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and close to the state average of
$1,100.
Can I afford Traverse City?
To live comfortably in Traverse City (zip 49684), Michigan, a minimum annual income of
$78,120 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Traverse City?
The cost of living in Traverse City, MI 49684 is quite reasonable. The city's overall cost of living index is about 6% lower than the national average, making it an attractive option for families looking to move to a new area. Additionally, the median home price in the area is just over $200,000, and rental prices are typically quite affordable as well. Consumers will find that groceries are relatively inexpensive in Traverse City, with most items costing slightly less than the national average. All in all, Traverse City is an affordable place to live and offers an excellent quality of life for residents.