Cost of Living in Traverse City, MI
Population: 15,491 | Michigan
92
Cost of Living Index
US Average = 100
Traverse City is 8% less expensive than the national average.
75
Housing
121
Home Values
91
Regional Price
Income
- Median Household Income
- $71,731
- vs US Median ($75,149)
- -5%
Housing
- Median Rent
- $983/mo
- Median Home Value
- $367,600
- Median Monthly Housing Cost
- $1,156/mo
Everyday Prices in Traverse City
BLS Average Prices for the Traverse City, MI (Metropolitan Statistical Area) area
⛽
$2.88
Gasoline (regular)
per gallon
-6% vs US
🥚
$2.35
Eggs (grade A, large)
per dozen
-6% vs US
🥛
$3.79
Milk (whole)
per gallon
-6% vs US
🍞
$1.74
Bread (white)
per lb
-6% vs US
🍗
$3.90
Chicken breast
per lb
-6% vs US
⚡
$0.17
Electricity
per kWh
-8% vs US