Traverse City

Population: 15,491
Median household income: $71,731
Median home value: $367,600

Traverse City, a community in Grand Traverse County, Michigan, has 15,491 residents. Its median household income of $71,731 runs below the Grand Traverse County figure of $79,486.

From 2019 to 2023, Traverse City's population held roughly steady from 15,570 to 15,491, while its median home value rose 38.1% from $266,100 to $367,600.

The largest age group is 25 to 34, 16.1% of residents. White (non-Hispanic) residents are the largest group, 89.0% of the population.

Demographics

ACS 2019–2023

Population: 15,491
Median age: 42.2 yrs
Median household income: $71,731
Median home value: $367,600
Median gross rent: $983
Housing units: 8,583
Homeownership rate: 60.9%
Bachelor's degree or higher: 47.0%
Unemployment rate: 4.5%

Trends

ACS 5-year · 2019–2023

Population

15,57015,491

Median household income

$57,076$71,731

Median home value

$266,100$367,600

Median gross rent

$905$983

Year	Population	Median household income	Median home value	Median gross rent
2019	15,570	$57,076	$266,100	$905
2020	15,525	$61,056	$282,900	$930
2021	15,263	$64,033	$292,800	$939
2022	15,468	$70,700	$336,900	$1,021
2023	15,491	$71,731	$367,600	$983

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.9%

5 to 1712.5%

18 to 248.3%

25 to 3416.1%

35 to 4412.9%

45 to 5410.5%

55 to 6413.0%

65 to 7415.0%

75 and over7.9%

	Count	Share
Under 5	597	3.9%
5 to 17	1,933	12.5%
18 to 24	1,288	8.3%
25 to 34	2,490	16.1%
35 to 44	2,001	12.9%
45 to 54	1,621	10.5%
55 to 64	2,019	13.0%
65 to 74	2,316	15.0%
75 and over	1,226	7.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	13,784	89.0%
Black or African American	265	1.7%
American Indian & Alaska Native	50	0.3%
Asian	227	1.5%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	521	3.4%
Hispanic or Latino (any race)	644	4.2%

Educational attainment (age 25+)

No high school diploma4.3%

High school graduate17.7%

Some college or associate's31.0%

Bachelor's degree25.7%

Graduate or professional degree21.3%

	Count	Share
No high school diploma	507	4.3%
High school graduate	2,067	17.7%
Some college or associate's	3,614	31.0%
Bachelor's degree	3,003	25.7%
Graduate or professional degree	2,482	21.3%

Commute to work

Mean travel time to work: 19 min

Drove alone59.7%

Carpooled7.4%

Public transit3.0%

Walked6.8%

Bicycle5.9%

Worked from home15.7%

Other means1.7%

How workers get to work

	Count	Share
Drove alone	4,736	59.7%
Carpooled	587	7.4%
Public transit	238	3.0%
Walked	537	6.8%
Bicycle	466	5.9%
Worked from home	1,243	15.7%
Other means	132	1.7%

Travel time

	Count	Share
Under 15 min	3,675	54.9%
15 to 29 min	1,892	28.3%
30 to 44 min	531	7.9%
45 to 59 min	162	2.4%
60+ min	436	6.5%

Households

Average household size: 2.02
Poverty rate: 9.1% (1,351 of 14,915)

	Count	Share
Family households	3,412	46.7%
Nonfamily households	3,900	53.3%

Housing

Median year structure built: 1960

Occupancy

	Count	Share
Occupied	7,312	85.2%
Vacant	1,271	14.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	4,454	60.9%
Renter-occupied	2,858	39.1%

1-unit, detached61.1%

1-unit, attached4.3%

2 to 4 units8.7%

5 to 19 units16.0%

20 or more units9.5%

Mobile home & other0.4%

Units in structure

	Count	Share
1-unit, detached	5,248	61.1%
1-unit, attached	368	4.3%
2 to 4 units	744	8.7%
5 to 19 units	1,372	16.0%
20 or more units	813	9.5%
Mobile home & other	38	0.4%

Geography

Place GEOID: 2680340
Type (LSAD): 25
Land area: 8.28 sq mi
Water area: 0.33 sq mi
Center point: 44.7543, -85.6030