Housing costs in Traverse City?
A typical home costs
$356,200, which is 5.4% more expensive than the national average of
$338,100 and 62.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Traverse City costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 2.8% cheaper than the state average of
$1,100.
Can I afford Traverse City?
To live comfortably in Traverse City (zip 49686), Michigan, a minimum annual income of
$68,400 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Traverse City?
The cost of living in Traverse City, MI (49686) is generally quite reasonable compared to other places in the United States. Housing prices are relatively low, with the median home value coming in at just $159,900. Additionally, groceries and transportation costs are also very affordable. Other expenses like utilities and healthcare can be high, but overall the cost of living in this region is manageable for most people. The strong job market and abundant recreational activities make Traverse City an attractive option for those looking for a place to call home.