Traverse City, Michigan 

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MI Gifts

Economy in Traverse City, Michigan

Traverse City has an unemployment rate of 5.7%. The US average is 6.0%.

Traverse City has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for Traverse City
- The Sales Tax Rate for Traverse City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Traverse City is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Traverse City
- The average income of a Traverse City resident is $33,565 a year. The US average is $28,555 a year.
- The Median household income of a Traverse City resident is $47,836 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYTraverse City, MichiganUnited States
  5.7%6.0%
  -6.8%-6.2%
  34.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $34,994$31,177
  $53,237$57,652
  $76,122$70,850
  POPULATION BY OCCUPATION
  0.7%1.3%
  0.6%0.6%
  3.3%6.2%
  9.3%10.4%
  2.2%2.7%
  14.0%11.6%
  2.3%4.1%
  0.5%0.9%
  3.2%2.1%
  4.8%4.7%
  2.9%1.9%
  7.9%6.7%
  0.0%0.1%
  3.2%4.3%
  8.6%9.3%
  16.6%13.8%
  1.5%2.2%
  12.7%7.4%
  4.5%4.9%
  1.5%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Traverse City    28 Reviews
    A Small City That Punches Way Above Its Weight - 7/5/2021
    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... Read More

    Start Your Review of Traverse City


    Nice Place to visit but you don't want to live her - 4/19/2021
    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... Read More
    Teri |  | Reply | No Replies

    Grew up in TC. Glad I left in '78. - 7/13/2020
    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... Read More


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    MAPS OF TRAVERSE CITY, MICHIGAN
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    ZIP CODES IN TRAVERSE CITY, MICHIGAN
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