Economy & Jobs — Traverse City, Michigan
Income & Employment
| Median Household Income (Census) | $74,087 |
|---|
| Estimated 2026 | ~$81,700 |
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| Per Capita Income | $53,630 |
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| Poverty Rate | 12.3% |
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| Unemployment Rate | 5.2% |
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| In Labor Force | 8,544 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 29.4% |
| Professional | 13.9% |
| Retail | 11.3% |
Local Businesses (County)
| Type | Count |
|---|
| Fast Food | 98 |
| Full Service Restaurants | 92 |
| Physician Offices | 79 |
| Law Offices | 65 |
| Real Estate Offices | 63 |
| Insurance Agencies | 51 |
| Dental Offices | 49 |
| Hotels Motels | 35 |
| Auto Repair | 34 |
| Chiropractors | 32 |
| Gas Stations | 30 |
| Accounting Firms | 29 |
| Commercial Banks | 28 |
| Beauty Salons | 24 |
| Coffee Shops | 22 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
