Cost of Living in Traverse City, MI
Overall index: 103 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 106 | +6% | $688 |
| Transportation | 102 | +2% | $3.50 |
| Food | 96 | -4% | $394 |
| Utilities | 103 | +3% | $191 |
| Healthcare | 103 | +3% | $138 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Traverse City?
A single adult living comfortably in Traverse City, MI needs approximately $36,050 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Traverse City, MI?
The overall cost of living in Traverse City, MI is 3% higher than the US national average (index: 103 where 100 = national average).
How much is rent in Traverse City, MI?
Average rent for a 1-bedroom apartment in Traverse City, MI is about $688/month.
Is Traverse City, MI expensive to live in?
Costs in Traverse City, MI are roughly in line with the national average.
What salary do I need to live in Traverse City, MI?
A single adult needs roughly $36,050/year to cover basic living costs in Traverse City, MI.