Traverse City is a city in Michigan state in USA with a population of 15525 residents.. The poverty rate of Traverse City is 10.1%, which is 28% lower than national average. The typical household in Traverse City earns $61056 a year, compared to the national median of $67,500. Nearly 42.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Traverse City, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Traverse City remained 5.1%, which is 9% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Traverse City, only 47% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Traverse City is 95, which is 5% lower than national average. Median home value in Traverse City is $282900 , which is 23% higher than national average. While median income in Traverse City remained $61056, which is 10% lower than national average.