The median household income in Traverse City, MI in 2022 was $69,568, which was 3.7% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $37,330 in 2000 this represents an increase of 46.3%. The per capita income in 2022 was $54,654, which means an increase of 59.3% compared to 2000 when it was $22,247.
Whole page based on the data from 2000 / 2022 when the population of Traverse City, Michigan was 14,532 / 15,654
Income statistics for all residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$69,569
Michigan:
$66,986
Change in median household income between 2000 and 2022:
Traverse City, Michigan:
+86.4%
State:
+50.0%
Number of households with income < $10k:
Traverse City:
9.5% (706)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Traverse City:
4.3% (316)
Michigan:
7.5% (306,955)
Number of households with income $20k - 30k:
Traverse City:
6.5% (482)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Traverse City:
7.1% (525)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Traverse City:
5.1% (378)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Traverse City:
7.3% (540)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Traverse City:
15.6% (1,155)
Michigan:
10.1% (414,440)
Number of households with income $75k - 100k:
Traverse City:
11.9% (878)
Michigan:
13.2% (538,299)
Number of households with income $100k - 125k:
Traverse City:
8.7% (644)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Traverse City:
4.8% (356)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Traverse City:
8.4% (626)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Traverse City:
10.8% (803)
State:
8.1% (330,644)
Aggregate household income in Traverse City in 2022: $830,566,027
Median family income in Traverse City in 2022:
Traverse City:
$100,041
State:
$85,865
Number of families with income < $10k:
Traverse City:
1.1% (44)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Traverse City:
2.5% (94)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Traverse City:
8.3% (319)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Traverse City:
2.4% (90)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Traverse City:
5.5% (210)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Traverse City:
5.9% (224)
Michigan:
7.1% (179,870)
Number of families with income $60k - 75k:
Traverse City:
14.6% (557)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Traverse City:
10.5% (402)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Traverse City:
13.8% (527)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Traverse City:
8.4% (321)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Traverse City:
11.4% (437)
Michigan:
10.2% (259,462)
Number of families with income > $200k:
Traverse City:
15.6% (594)
Michigan:
11.3% (287,206)
Median non-family income in Traverse City in 2022:
Traverse City:
$42,573
Michigan:
$40,459
Change in median non-family income between 2000 and 2022:
Traverse City, Michigan:
+61.3%
State:
+54.5%
Median per capita income in Traverse City in 2022:
Traverse City:
$54,655
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+145.7%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$70,918
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Traverse City, Michigan:
+90.5%
Michigan:
+52.9%
Number of households with income < $10k:
Traverse City:
9.1% (632)
Michigan:
4.4% (140,440)
Number of households with income $10k - 20k:
Traverse City:
4.4% (305)
Michigan:
6.5% (205,547)
Number of households with income $20k - 30k:
Traverse City:
5.8% (405)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Traverse City:
6.9% (478)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Traverse City:
5.0% (349)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Traverse City:
7.0% (482)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Traverse City:
16.7% (1,161)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Traverse City:
12.0% (833)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Traverse City:
8.0% (553)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Traverse City:
5.0% (346)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Traverse City:
8.5% (586)
State:
8.1% (255,445)
Number of households with income > $200k:
Traverse City:
11.6% (803)
State:
8.7% (276,727)
Aggregate household income in Traverse City in 2022: $796,555,620
Median family income in Traverse City in 2022:
Traverse City:
$102,475
Michigan:
$90,317
Number of families with income < $10k:
Traverse City:
1.1% (40)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Traverse City:
1.8% (64)
Michigan:
3.2% (64,106)
Number of families with income $20k - 30k:
Traverse City:
7.3% (257)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Traverse City:
2.0% (71)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Traverse City:
4.9% (171)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Traverse City:
5.3% (187)
Michigan:
6.8% (135,883)
Number of families with income $60k - 75k:
Traverse City:
15.7% (551)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Traverse City:
10.8% (379)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Traverse City:
14.0% (493)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Traverse City:
8.8% (311)
Michigan:
9.2% (182,895)
Number of families with income $150k - 200k:
Traverse City:
11.3% (398)
State:
11.0% (218,573)
Number of families with income > $200k:
Traverse City:
16.9% (595)
State:
12.0% (239,713)
Median non-family income in Traverse City in 2022:
Traverse City:
$41,423
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Traverse City, Michigan:
+55.5%
State:
+56.8%
Median per capita income in Traverse City in 2022:
Traverse City:
$57,272
State:
$41,514
Income statistics for Black or African American residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$27,976
State:
$42,056
Change in median household income between 2000 and 2022:: -27.8%
Traverse City, Michigan:
-27.8%
State:
+35.4%
Number of households with income < $10k:
Traverse City:
0.0% (0)
Michigan:
12.7% (66,307)
Number of households with income $10k - 20k:
Traverse City:
15.2% (7)
State:
14.2% (73,877)
Number of households with income $20k - 30k:
Traverse City:
67.4% (31)
Michigan:
10.2% (52,930)
Number of households with income $30k - 40k:
Traverse City:
0.0% (0)
State:
10.3% (53,542)
Number of households with income $40k - 50k:
Traverse City:
0.0% (0)
State:
9.1% (47,110)
Number of households with income $50k - 60k:
Traverse City:
0.0% (0)
Michigan:
8.1% (41,969)
Number of households with income $60k - 75k:
Traverse City:
0.0% (0)
Michigan:
9.0% (46,784)
Number of households with income $75k - 100k:
Traverse City:
17.4% (8)
State:
9.7% (50,718)
Number of households with income $100k - 125k:
Traverse City:
0.0% (0)
Michigan:
6.7% (34,802)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Traverse City:
0.0% (0)
State:
3.4% (17,885)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
2.6% (13,430)
Aggregate household income in Traverse City in 2022: $1,819,066
Median family income in Traverse City in 2022:
Traverse City:
$29,175
State:
$54,772
Number of families with income $10k - 20k:
Traverse City:
21.6% (7)
State:
8.5% (24,358)
Number of families with income $20k - 30k:
Traverse City:
51.9% (16)
State:
7.7% (22,118)
Number of families with income $60k - 75k:
Traverse City:
26.5% (8)
State:
10.3% (29,553)
Median per capita income in Traverse City in 2022:
Traverse City:
$22,996
State:
$25,207
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+76.0%
Michigan:
+60.4%
Income statistics for Asian residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$55,476
State:
$101,652
Number of households with income < $10k:
Traverse City:
0.0% (0)
Michigan:
5.4% (6,241)
Number of households with income $10k - 20k:
Traverse City:
0.0% (0)
State:
3.3% (3,891)
Number of households with income $20k - 30k:
Traverse City:
23.4% (18)
Michigan:
4.9% (5,669)
Number of households with income $30k - 40k:
Traverse City:
16.9% (13)
Michigan:
4.8% (5,590)
Number of households with income $40k - 50k:
Traverse City:
0.0% (0)
State:
4.6% (5,395)
Number of households with income $50k - 60k:
Traverse City:
15.6% (12)
State:
6.0% (7,014)
Number of households with income $60k - 75k:
Traverse City:
27.3% (21)
State:
7.4% (8,566)
Number of households with income $75k - 100k:
Traverse City:
16.9% (13)
State:
12.4% (14,398)
Number of households with income $100k - 125k:
Traverse City:
0.0% (0)
State:
10.0% (11,621)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
State:
8.6% (9,986)
Number of households with income $150k - 200k:
Traverse City:
0.0% (0)
Michigan:
12.4% (14,400)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
20.4% (23,760)
Aggregate household income in Traverse City in 2022: $4,016,596
Median non-family income in Traverse City in 2022:
Traverse City:
$55,182
State:
$57,668
Median per capita income in Traverse City in 2022:
Traverse City:
$22,434
State:
$48,128
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+83.5%
State:
+95.8%
Income statistics for Hispanic or Latino residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$62,002
Michigan:
$62,497
Change in median household income between 2000 and 2022:: -2.4%
Traverse City, Michigan:
-2.4%
Michigan:
+62.4%
Number of households with income < $10k:
Traverse City:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Traverse City:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Traverse City:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $30k - 40k:
Traverse City:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Traverse City:
2.9% (5)
State:
9.1% (15,369)
Number of households with income $50k - 60k:
Traverse City:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Traverse City:
34.1% (59)
Michigan:
11.5% (19,325)
Number of households with income $75k - 100k:
Traverse City:
18.5% (32)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Traverse City:
28.3% (49)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Traverse City:
16.2% (28)
State:
6.7% (11,249)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Traverse City in 2022: $7,896,957
Median family income in Traverse City in 2022:
Traverse City:
$108,226
Michigan:
$69,994
Number of families with income $10k - 20k:
Traverse City:
15.3% (14)
State:
5.1% (5,623)
Number of families with income $60k - 75k:
Traverse City:
8.6% (8)
State:
10.8% (11,865)
Number of families with income $100k - 125k:
Traverse City:
49.0% (45)
Michigan:
9.7% (10,644)
Number of families with income $150k - 200k:
Traverse City:
27.1% (25)
State:
7.4% (8,182)
Median non-family income in Traverse City in 2022:
Traverse City:
$71,640
Michigan:
$43,705
Change in median non-family income between 2000 and 2022:
Traverse City, Michigan:
+68.6%
State:
+73.8%
Median per capita income in Traverse City in 2022:
Traverse City:
$21,538
State:
$25,462
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+12.6%
State:
+83.3%
Income statistics for American Indian and Alaska Native residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$29,767
Michigan:
$54,651
Change in median household income between 2000 and 2022:: -34.8%
Traverse City, Michigan:
-34.8%
Michigan:
+47.5%
Number of households with income < $10k:
Traverse City:
0.0% (0)
State:
5.7% (956)
Number of households with income $10k - 20k:
Traverse City:
0.0% (0)
State:
11.4% (1,930)
Number of households with income $20k - 30k:
Traverse City:
75.7% (28)
Michigan:
12.0% (2,032)
Number of households with income $30k - 40k:
Traverse City:
0.0% (0)
Michigan:
7.8% (1,319)
Number of households with income $40k - 50k:
Traverse City:
0.0% (0)
State:
7.5% (1,276)
Number of households with income $50k - 60k:
Traverse City:
5.4% (2)
Michigan:
10.1% (1,711)
Number of households with income $60k - 75k:
Traverse City:
0.0% (0)
Michigan:
9.9% (1,673)
Number of households with income $75k - 100k:
Traverse City:
0.0% (0)
State:
11.4% (1,931)
Number of households with income $100k - 125k:
Traverse City:
18.9% (7)
State:
8.4% (1,414)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
Michigan:
6.7% (1,131)
Number of households with income $150k - 200k:
Traverse City:
0.0% (0)
State:
4.2% (709)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
5.0% (838)
Aggregate household income in Traverse City in 2022: $1,968,505
Median family income in Traverse City in 2022:
Traverse City:
$31,071
State:
$65,231
Number of families with income $20k - 30k:
Traverse City:
57.8% (18)
Michigan:
9.8% (1,038)
Number of families with income $50k - 60k:
Traverse City:
42.2% (13)
State:
12.4% (1,313)
Median per capita income in Traverse City in 2022:
Traverse City:
$14,391
State:
$27,661
Change in median per capita income between 2000 and 2022:: -5.5%
Traverse City, Michigan:
-5.5%
State:
+75.7%
Income statistics for Multirace residents
Median household income in Traverse City, MI in 2022:
Traverse City:
$84,524
State:
$63,251
Number of households with income < $10k:
Traverse City:
6.7% (22)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Traverse City:
6.1% (20)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Traverse City:
1.2% (4)
Michigan:
7.6% (15,686)
Number of households with income $30k - 40k:
Traverse City:
4.0% (13)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Traverse City:
25.2% (83)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Traverse City:
0.0% (0)
Michigan:
8.1% (16,622)
Number of households with income $60k - 75k:
Traverse City:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Traverse City:
12.2% (40)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Traverse City:
32.5% (107)
Michigan:
8.9% (18,231)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Traverse City:
12.2% (40)
State:
6.8% (13,956)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Traverse City in 2022: $22,983,476
Median non-family income in Traverse City in 2022:
Traverse City:
$115,097
State:
$38,642
Median per capita income in Traverse City in 2022:
Traverse City:
$41,638
State:
$26,098
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+48.5%
State:
+106.5%
Income statistics for other residents
Number of households with income < $10k:
Traverse City:
0.0% (0)
State:
7.8% (4,680)
Number of households with income $10k - 20k:
Traverse City:
0.0% (0)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Traverse City:
0.0% (0)
Michigan:
9.4% (5,582)
Number of households with income $30k - 40k:
Traverse City:
0.0% (0)
State:
7.3% (4,338)
Number of households with income $40k - 50k:
Traverse City:
0.0% (0)
State:
10.2% (6,092)
Number of households with income $50k - 60k:
Traverse City:
0.0% (0)
State:
8.2% (4,875)
Number of households with income $60k - 75k:
Traverse City:
0.0% (0)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Traverse City:
0.0% (0)
State:
16.3% (9,741)
Number of households with income $100k - 125k:
Traverse City:
100.0% (58)
Michigan:
8.5% (5,050)
Number of households with income $125k - 150k:
Traverse City:
0.0% (0)
Michigan:
4.7% (2,776)
Number of households with income $150k - 200k:
Traverse City:
0.0% (0)
State:
4.5% (2,682)
Number of households with income > $200k:
Traverse City:
0.0% (0)
State:
5.2% (3,111)
Aggregate household income in Traverse City in 2022: $8,863,002
Median per capita income in Traverse City in 2022:
Traverse City:
$79,988
State:
$27,114
Change in median per capita income between 2000 and 2022:
Traverse City, Michigan:
+102.9%
State:
+104.6%
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-27.8%
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