Pros and Cons of Living In Traverse City, Michigan. Is Traverse City, MI a Nice Place To Live or Retire?

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Traverse City, Michigan

Moving to Traverse City In Michigan ? Is Traverse City, MI a Nice Place To Live? Pros and Cons of Living in Traverse City, Michigan. Find out the best and worst about to live, raise a family or retire in Traverse City.

DEMOGRAPHICS

Population
15525
Unemployment
5.1%
9% NAT AVG.
Poverty
10.1%
28% NAT AVG.
Cost Of Living
95
5% NAT AVG.

ECONOMICS

Median Home Cost
$282900
23% NAT AVG.
Median Income
$61056
10% NAT AVG.
Median Rent
$930
20% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
296
20% NAT. AVG.
2% STATE AVG.
Violent Crime
85
38% NAT. AVG.
12% STATE AVG.
Property Crime
211
32% NAT. AVG.
2% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 10
Unemployed People
1 in 20
People Earning < $10,000
1 in 14
People Earning < $50,000
42.2%
People With Any Degree
1 in 1.8

ETHNICITY

Ethnicity Traverse City USA
White 89.5% 60.1%
African American 1.1% 12.2%
American Indian 1% 0.6%
Asian 1.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.7% 2.8%
Hispanic 3.3% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Traverse City USA
Less than $10,000 6.9% 5.8%
$10,000 to $14,999 2.9% 4.1%
$15,000 to $24,999 10.3% 8.5%
$25,000 to $34,999 10.9% 8.6%
$35,000 to $49,999 11.2% 12.0%
$50,000 to $74,999 17.1% 17.2%
$75,000 to $99,999 14.5% 12.8%
$100,000 to $149,999 15% 15.6%
$150,000 to $199,999 5.7% 7.1%

EDUCATION

Education Traverse City USA
< 9th Grade 1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 19% 27.0%
Other College 21% 20.0%
Associate's Degree 10% 9%
Bachelor's Degree 28% 20.0%
Master's Degree 14% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 2% 1.0%
Traverse City is a city in Michigan state in USA with a population of 15525 residents.. The poverty rate of Traverse City is 10.1%, which is 28% lower than national average. The typical household in Traverse City earns $61056 a year, compared to the national median of $67,500. Nearly 42.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Traverse City remained 5.1%, which is 9% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Traverse City is 95, which is 5% lower than national average. In Traverse City, only 47% of adults have a bachelor's degree and 31% have some college but no degree. Median home value in Traverse City is $282900 , which is 23% higher than national average. While median income in Traverse City remained $61056, which is 10% lower than national average.
Traverse City Scorecard

Jobs70%

Housing80%

Affordability60%

Safety60%

Amenities85%

Diversity60%

Education90%

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