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Traverse City, Michigan Retirement Guide
established retirement community
63
Retirement Score
Traverse City, Michigan at a Glance
- Median Home Price
- $336,900
- State Income Tax
- State income tax; Social Security fully exempt; age-based pension deduction.
- Avg January Low
- 19°F
- Cost of Living Index
- 93.6 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 63 / 100
Retirement Data
Affordability
Cost of Living Index
93.6 (U.S. avg = 100)Medium confidence
BEA Regional Price Parities · Updated March 2026
Median Home Price
$336,900High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Monthly Rent
$1,021High confidence
U.S. Census ACS 5-Year · Updated April 2026
Taxes
Retirement Tax Score
45 / 100Medium confidence
Tax Foundation · Updated March 2026
Tax Details
State income tax; Social Security fully exempt; age-based pension deduction.Medium confidence
Tax Foundation · Updated March 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
76.1 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Aging-in-Place Score (proxy)
70.9 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Healthcare
Healthcare Access Score
76.1 / 100Medium confidence
CMS Hospital General Information · Updated March 2026
Climate
Avg July High
77.8°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Avg January Low
19°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Annual Precipitation
34.6"Medium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Sunny Days / Year
230 daysMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Safety
Safety Score
100 / 100Medium confidence
FBI Crime Data Explorer · Updated March 2026
Walkability
Walk Score (proxy)
65.4 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Transit Score (proxy)
9.5 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Demographics
Population
15,468High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Age
41.9High confidence
U.S. Census ACS 5-Year · Updated April 2026
Age 65+
23.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Household Income
$70,700High confidence
U.S. Census ACS 5-Year · Updated April 2026
Community Profile
Owner-Occupied Housing
61.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Veterans
6.3%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Bachelor's Degree+
46.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Poverty Rate
11.2%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Diversity
White
92.0%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Black
1.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Hispanic/Latino
3.5%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Asian
1.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Traverse City using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$730
Stress-case monthly carrying cost
$820
Median home price used: $336,900
Median rent reference: $1,021 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.