Also See Traverse City, MI: ZIP Codes & Maps
The City of Traverse City had a population of 16,041 as of July 1, 2023. Traverse City ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.
The primary coordinate point for Traverse City is located at latitude 44.7631 and longitude -85.6206 in Grand Traverse County. The formal boundaries for the City of Traverse City encompass a land area of 8.33 sq. miles and a water area of 0.33 sq. miles. Grand Traverse County is in the Eastern time zone (GMT -5).
While the primary coordinates for City of Traverse City are located in Grand Traverse County, it should be noted that the formal boundaries for this community also extend into and Leelanau County.
The City of Traverse City has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 16,041 (100%) |
Population in Households | 15,150 (94.4%) |
Population in Families | 9,898 (61.7%) |
Population in Group Quarters1 | 891 ( 5.6%) |
Population Density | 1,938 |
Diversity Index2 | 24 |
INCOME | |
Median Household Income | $64,324 |
Average Household Income | $86,665 |
% of Income for Mortgage4 | 37% |
Per Capita Income | $41,335 |
Wealth Index5 | 68 |
Socioeconomic Status Index6 | Moderate (55.8) |
HOUSING | |
---|---|
Total HU (Housing Units) | 8,630 (100%) |
Owner Occupied HU | 4,662 (54.0%) |
Renter Occupied HU | 2,893 (33.5%) |
Vacant Housing Units | 1,075 (12.5%) |
Median Home Value | $397,980 |
Average Home Value | $467,986 |
Housing Affordability Index3 | 63 |
HOUSEHOLDS | |
Total Households | 7,555 |
Average Household Size | 2.01 |
Family Households | 3,589 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.71% | 0.32% |
Households | 0.74% | 0.64% |
Families | 0.44% | |
Median Household Income | 2.55% | |
Per Capita Income | 2.03% | |
Owner Occupied HU | 0.79% |
The table below compares Traverse City to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 70 | 91st |
Population Density | # 143 | 81st |
Median Household Income | # 262 | 65th |
Housing Affordability Index | # 25 | 3rd |
Per Capita Income | # 177 | 76th |
Diversity Index | # 377 | 50th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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