Ann Arbor, MI vs Traverse City, MI
Cost of Living Comparison
Traverse City, MI is more affordable by 7.5 index points
Side-by-Side Comparison
| Category | Ann Arbor, MI | Traverse City, MI | Difference |
|---|---|---|---|
| Overall | 100.9 | 93.4 | +7.5 |
| Housing | 125.3 | 78.1 | +47.2 |
| Goods | 93.7 | 93.7 | 0.0 |
| Utilities | 98.2 | 92.4 | +5.8 |
| Other Services | 99.6 | 99.6 | 0.0 |
Income & Housing Comparison
| Metric | Ann Arbor, MI | Traverse City, MI |
|---|---|---|
| Median Household Income | $84,245 | $73,845 |
| Median Home Value | $336,300 | $263,500 |
| Median Monthly Rent | $1,335 | $1,100 |
| Per Capita Income | $49,568 | $40,465 |
Frequently Asked Questions
Is Ann Arbor, MI or Traverse City, MI cheaper to live in?
Traverse City, MI is more affordable. The cost of living difference is 7.5 index points (Ann Arbor, MI: 100.9, Traverse City, MI: 93.4).
Where is housing cheaper, Ann Arbor, MI or Traverse City, MI?
Housing is more affordable in Traverse City, MI. Housing index: Ann Arbor, MI (125.3) vs Traverse City, MI (78.1).