Question 1

What is the cost of living in Traverse City, MI?

Accepted Answer

Traverse City, MI's overall price level (BEA Regional Price Parity) is 93.37, where 100 equals the U.S. average. That means everyday goods, services, and housing cost about 6.6% less than the national average. HUD's Fair Market Rent for a 2-bedroom is $1,224/month.

Question 2

What is the average salary in Traverse City, MI?

Accepted Answer

Across the 100 BLS-tracked occupation categories with published data in Traverse City, MI, the average median wage is $89,734. The single highest-paying occupation here is Physicians, All Other at $280,490/year (BLS OEWS).

Question 3

What are the highest-paying jobs in Traverse City?

Accepted Answer

Based on BLS OEWS data, the top-paying occupations in Traverse City, MI are: 1) Physicians, All Other at $280,490; 2) Chief Executives at $248,510; 3) Dentists, General at $171,740; 4) Family Medicine Physicians at $168,080; 5) Pharmacists at $143,050. Click any occupation above to see the full wage breakdown (10th to 90th percentile).

Question 4

How much does it cost to rent a 2-bedroom apartment in Traverse City?

Accepted Answer

The U.S. Department of Housing and Urban Development's Fair Market Rent (FMR) for a 2-bedroom unit in Traverse City, MI is $1,224/month. FMR is the rent level HUD uses to administer housing assistance and reflects the 40th percentile of standard-quality rentals, updated annually.

Question 5

Where does AffordMap's Traverse City data come from?

Accepted Answer

Salary figures come from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. Cost of living comes from the Bureau of Economic Analysis Regional Price Parities (RPP). Rent comes from HUD Fair Market Rents. All three are federal datasets, updated annually, and free to use. AffordMap pairs them so you can see what a salary actually buys after local costs.

Rank	Occupation	Category	Median salary	Hourly
71	Career/Technical Education Teachers, Secondary School	Education	$71K	N/A
72	Construction and Building Inspectors	Construction & Trades	$71K	$34.01/hr
73	Eligibility Interviewers, Government Programs	Office & Admin	$71K	$33.97/hr
74	Insurance Underwriters	Business & Finance	$70K	$33.41/hr
75	Clinical Laboratory Technologists and Technicians	Healthcare	$68K	$32.72/hr
76	Health Information Technologists and Medical Registrars	Healthcare	$68K	$32.64/hr
77	Entertainment and Recreation Managers, Except Gambling	Management	$68K	$32.61/hr
78	Social Workers, All Other	Community & Social	$67K	$32.15/hr
79	Computer Numerically Controlled Tool Programmers	Production & Manufacturing	$67K	$32.11/hr
80	Secondary School Teachers, Except Special and Career/Technical Education	Education	$66K	N/A

Top Paying Jobs in Traverse City, MI

Highest paying careers in Traverse City

Affordability snapshot: Traverse City