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The median household income for Traverse City, MI 49696 is $90,069, with 3,848 households and an average household size of 2.65.
The median value of a home in Traverse City, MI 49696 is $380,200 with an appreciation rate of 19.80%. 74.44% of housing in the state is owned while 9.27% is rented.
The cost of living in Traverse City, MI 49696 is 99.7 %.
The unemployment rate in Traverse City, MI 49696 is 3.00%, and recent job growth is at 0.90%. Future job growth is projected at 38.86%.
The sales tax rate in Traverse City, MI 49696 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Traverse City, MI 49696 are $12,554, and the school ratio is 17.7:1.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 33.3 inches per year, with 117.6 inches of snow per year.
