Economy in Traverse City Metro Area, Michigan

Traverse City Metro Area has an unemployment rate of 6.1%. The US average is 6.0%.

Traverse City Metro Area has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Traverse City Metro Area
- The Sales Tax Rate for Traverse City Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Traverse City Metro Area 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 Metro Area
- The average income of a Traverse City Metro Area resident is $27,773 a year. The US average is $28,555 a year.
- The Median household income of a Traverse City Metro Area resident is $50,817 a year. The US average is $53,482 a year.