Traverse City vs Ann Arbor
| Traverse City | Ann Arbor | |
|---|---|---|
| Population | 15,468 | 122,216 |
| Median Household Income | $74,087 | $82,212 |
| Median Home Value | $415,400 | $453,400 |
| Median Gross Rent | $995/mo | $1,649/mo |
| Homeownership Rate | 63.7% | 45.5% |
| Unemployment Rate | 5.2% | 3.9% |
| Bachelor's Degree or Higher | 47.4% | 77.9% |
| Median Age | 42.7 | 27.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.