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Cost of Living in Traverse City, MI

102.6
Average · National average is 100

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$70,700
Median Income
$1,021/mo
Median Rent
$336,900
Median Home
15,468
Population

Cost Breakdown

🏠Housing
97.8
0Nat'l Avg (100)200
🛒Groceries
105.9
0Nat'l Avg (100)200
🚗Transportation
110.3
0Nat'l Avg (100)200
🏥Healthcare
86.3
0Nat'l Avg (100)200
⚡Utilities
96.5
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$796
est.
$898
est.
$1,021$1,307
est.
$1,491
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Traverse City with cities in the area

Kingsley, MI
Affordable
88.2
Elk Rapids, MI
Average
102.3
Manton, MI
Very Affordable
67.3
Kalkaska, MI
Very Affordable
65.7
Cadillac, MI
Very Affordable
66
Mancelona, MI
Very Affordable
74.7
Compare Traverse City vs KingsleyCompare Traverse City vs Elk RapidsCompare Traverse City vs Manton