Traverse City is a medium-sized city located in the state of Michigan. With a population of 15,702 people and 19 associated neighborhoods, Traverse City is the 79th largest community in Michigan. Much of the housing stock in Traverse City was built prior to World War II, making it one of the older and more historic cities in the country.
Traverse City real estate is some of the most expensive in Michigan, although Traverse City house values don't compare to the most expensive real estate in the U.S.
Of important note, Traverse City is also a city of artists. Traverse City has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Traverse City’s character.
Also of interest is that Traverse City has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.99% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 18.44 minutes getting to work every day.
Traverse City is one of the most well-educated cities in the nation. 45.83% of adults in Traverse City have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Traverse City in 2022 was $47,193, which is wealthy relative to Michigan and the nation. This equates to an annual income of $188,772 for a family of four. However, Traverse City contains both very wealthy and poor people as well.
The people who call Traverse City home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Traverse City residents report their race to be White, followed by Black or African-American. Important ancestries of people in Traverse City include German, English, Irish, Polish, and Scottish.
The most common language spoken in Traverse City is English. Other important languages spoken here include Polish and Spanish.