Cost of Living In Traverse City, Michigan - Is Traverse City Cheap Place To Live?

How expensive is it to live in Traverse City, Michigan?
Is it very expensive to live in Traverse City, Michigan? How much money do you need to live comfortably in Traverse City? Let's find out. The cost of living index is based on a national average of 100. An amount below 100 means Traverse City, Michigan is cheaper than the US average. A cost of living index above 100 means Traverse City, Michigan is more expensive. Traverse City, Michigan cost of living is 95. Which is 5% lower than US average.
Median Home Cost
$282900
23% NAT AVG.
Median Income
$61056
10% NAT AVG.
Median Rent
$930
20% NAT AVG.
Cost Of Living
95
5% NAT AVG.
Cost of Living
Expense Traverse City Michigan National Avg.
Services 90 95 100
Groceries 93 90 100
Health 101 96 100
Housing 103 76 100
Transportation 88 101 100
Utilities 99 103 100
Cost of Living
Cost of Living Calculator

You can enter an amount and the Cost of Living Calculator will determine how much more (or less) you would need to maintain the same standard of living if you are relocating to another city. It takes into consideration current prices in your current city and the city you are considering for relocation. If you enter how much you need for living in the current city, you'll get an approximate information how much you will need in another city. This tool allows comparison for over 5000 cities in USA.