Grand Traverse, MI County is a great place to live with affordable rental prices. The average rent for a two bedroom in Grand Traverse, MI County is $1,090 compared to the US average of $1,430. Additionally, the grocery cost index in Grand Traverse, MI County is 96 versus 100 in the US making it an even more attractive place for those looking to save on their costs of living. Grand Traverse, MI County has many local businesses and attractions such as Cherryland Center Mall, Great Wolf Lodge Water Park, and Turtle Creek Casino & Hotel which make this county a great destination all year round.
Grand Traverse County has an unemployment rate of 5.7%. The US average is 6.0%.
Grand Traverse County has seen the job market decrease by -6.8% 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 Grand Traverse County
- The Sales Tax Rate for Grand Traverse County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Traverse County 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 Grand Traverse County
- The average income of a Grand Traverse County resident is $36,651 a year. The US average is $37,638 a year.
- The Median household income of a Grand Traverse County resident is $69,393 a year. The US average is $69,021 a year.