Traverse City vs Grand Rapids
| Traverse City | Grand Rapids | |
|---|---|---|
| Population | 15,468 | 198,096 |
| Median Household Income | $74,087 | $69,108 |
| Median Home Value | $415,400 | $244,500 |
| Median Gross Rent | $995/mo | $1,266/mo |
| Homeownership Rate | 63.7% | 54.0% |
| Unemployment Rate | 5.2% | 5.2% |
| Bachelor's Degree or Higher | 47.4% | 41.6% |
| Median Age | 42.7 | 32.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.