Median Household Income
$74,087 ± $7,199
Median Home Value
$415,400 ± $20,684
Median Gross Rent
$995 ± $97/mo
Per Capita Income
$53,432
Poverty Rate
12.3%
Unemployment Rate
5.2%
Homeownership Rate
63.7%
Bachelor's Degree or Higher
47.4%
Median Age
42.7
Average Commute
14 min
Households
7,191
Veterans
524
Population Over Time
Traverse City grew 3.9% from 2014 to 2024.
2014
15,006
2016
15,392
2018
15,474
2020
15,525
2022
15,468
2024
15,593
Population by Race & Ethnicity
White
89.0%
Hispanic or Latino
3.6%
Black or African American
1.3%
Asian
1.1%
Nearby Cities in Michigan
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.