Census Bureau data for Traverse City city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Traverse City city
- What is the median household income in Traverse City city?
- The median household income in Traverse City city is $71,731 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Traverse City city?
- The poverty rate in Traverse City city is 4.9% (U.S. Census Bureau ACS 2023).
- What is the median home value in Traverse City city?
- $367,600 (U.S. Census Bureau ACS 2023).
- What is the average rent in Traverse City city?
- The median gross rent in Traverse City city is $983 per month (U.S. Census Bureau ACS 2023).
- What percentage of Traverse City city residents have a college degree?
- 47.0% of adults in Traverse City city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
15,491
Median Income
$71,731
Median Home Value
$367,600
Poverty Rate
4.9%
Unemployment (ACS 2023)
4.5%
Median Age
42.0 yrs
Since 2019
Median Income:
+$14,655 (+25.7%)
Home Value:
+$101,500 (+38.1%)
Poverty Rate:
-1.1 pp (-18.3%)
Bachelor's+:
+0.8 pp (+1.7%)
Unemployment:
-0.1 pp (-2.2%)
Demographics
Total Population
15,491
Median Age
42.0
Female
51.7%
Race & Ethnicity
Hispanic or Latino 4.2%
White (non-Hisp.) 89.0%
Black 1.7%
Asian 1.5%
Two or More 5.4%
Other 0.3%
Asian Subgroups (% of total pop.)
Indian
0.4%
Chinese
0.2%
Filipino
0.1%
Korean
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
2.7%
Puerto Rican
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$71,731
±$7,313
+$582 vs. state
Per Capita Income
$104,239
Median Family Income
$102,872
Poverty Rate
4.9%
-3.9 pp vs. state
Child Poverty Rate
8.9%
Working-Age Poverty Rate
—
SNAP Recipients
9.7%
Social Security Income
—
Retirement Income
28.8%
Household Income Distribution
< $10k
6.1%
$10–15k
1.9%
$15–25k
6.9%
$25–35k
8.2%
$35–50k
10.8%
$50–75k
18.1%
$75–100k
15.2%
$100–150k
15.7%
$150–200k
7.9%
$200k+
9.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
8,583
Owner-Occupied
60.9%
Renter-Occupied
39.1%
Vacancy Rate
14.8%
Median Home Value
$367,600
+$150,000 vs. state
Median Gross Rent
$983
Owner Cost Burden (30%+)
19.5%
Renter Cost Burden (30%+)
37.4%
Home Value Distribution
< $50k
1.5%
$50–100k
1.8%
$100–200k
2.4%
$200–300k
23.8%
$300–500k
37.2%
$500k–$1M
20.9%
$1M+
5.4%
Gross Rent Distribution
< $500
13.1%
$500–1k
40.0%
$1–1.5k
29.0%
$1.5–2k
9.0%
$2–2.5k
5.2%
$2.5–3.5k
1.6%
$3.5k+
2.0%
Vehicle Availability
No vehicle
10.1%
1 vehicle
45.4%
2 vehicles
34.3%
3+
10.2%
Housing Type
Single-fam. det.
61.1%
Single-fam. att.
4.3%
2–4 units
4.5%
5–19 units
5.7%
20+ units
9.5%
Mobile home
0.4%
Housing Age
Pre-1940
33.1%
1940–1969
4.8%
1970–1999
14.2%
2000–2009
9.7%
2010+
8.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.7%
Bachelor's or Higher
47.0%
+15.2 pp vs. state
Graduate Degree
21.3%
Some College / Associate
22.4%
Less Than High School
1.1%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
64.6%
Unemployment Rate
4.5%
-1.3 pp vs. state
Work from Home
15.7%
Self-Employed
7.1%
Government Workers
11.4%
Private For-Profit
81.2%
Industry
Edu/Health
29.2%
Retail
12.2%
Prof. Services
11.5%
Manufacturing
10.6%
Arts/Entmt.
10.5%
Finance
9.3%
Construction
4.5%
Wholesale
2.6%
Public Admin
2.3%
Transportation
2.0%
Information
1.5%
Agriculture
0.6%
Occupation
Management
42.0%
Food Prep
21.9%
Sales
20.0%
Production
10.2%
Construction
6.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
18.8 min
Drove Alone
59.7%
Carpool
7.4%
Public Transit
3.0%
Work from Home
15.7%
Walked
6.8%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
7,312
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
34.9%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
12.9%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
3.9%
5–9
4.5%
10–14
5.2%
15–19
5.7%
20–24
5.3%
25–34
16.1%
35–44
12.9%
45–54
10.5%
55–64
5.8%
65–74
7.2%
75–84
15.0%
85+
4.9%
Under 18: 16.3%
Working age (18–64): 83.7%
65 and over: 22.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
3.5%
Naturalized Citizen
70.7%
Speaks English Less Than Very Well
0.8%
Foreign-Born Origin
Asia
46.8%
Europe
31.8%
Latin America
8.4%
Africa
1.5%
Veterans & Disability
Veteran
5.0%
With a Disability
11.5%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
95.5%
Uninsured
4.5%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
90.8%
Has a Computer
95.8%
Same House 1 Year Ago
84.4%
Moved from Abroad
0.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023