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31 Luxury Apartments Near Me in Traverse City, MI
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Cost of Living
39% Rent
vs
61% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in Traverse City, MI is 39% renters and 61% owners. The monthly average cost of rent in Traverse City is $939 per month and the yearly average income is $88,013 per year. This compares to an average rent of $845 in MI and $1,003 in the US. This data was last updated in October 2023
Travel and Transport
Commuting to Work
Last Updated October 2023
Residents of Traverse City, MI spend an average of 17.1 minutes commuting to work. 71% have short commutes under 20 minutes, 25% travel between 20 and 60 minutes, and 4% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In Traverse City, MI, 3% of residents rely on public transportation, 7% commute on foot, 5% use bicycles, and 85% opt for other modes such as cars and ride-sharing.
FAQs
What is the average rating of a community in Traverse City?
The average rating is 3/5 stars.
What is the average price for a 2 Bedrooms + 2 Bathrooms in Traverse City?
The average price is $1,670.56.
What is the average price for a 1 Bedroom + 1 Bathroom in Traverse City?
The average price is $1,262.39.
What is the average monthly rent for Traverse City?
Based on 2023 city data, the average monthly rent is $939.00.
What is the average commute time?
Based on 2017 city data, the average commute is 17.1 mins.