Grand Traverse County, Michigan
Income Data
At a Glance
How Grand Traverse County Compares
Detailed Income Statistics
Data Story
About Household Income in Grand Traverse County, Michigan
Grand Traverse exceeds the national income standard
Grand Traverse County's median household income of $79,486 surpasses the national median of $74,755 by $4,731—a 6.3% advantage. The county ranks solidly above the national average for household earnings.
Grand Traverse tops Michigan's income rankings
At $79,486, Grand Traverse's median household income significantly exceeds Michigan's state average of $64,304, outearning the state by nearly $15,000. The per capita income of $43,501 also ranks among the highest statewide, well above the state average of $35,451.
Grand Traverse dominates regional income rankings
Grand Traverse's $79,486 median household income substantially exceeds all comparable counties, outearning Genesee ($60,673) by $18,800 and Gratiot ($61,128) by $18,400. The county represents the regional income leader by a clear margin.
Higher incomes offset premium home values
Despite a median home value of $296,200—more than double most peer counties—Grand Traverse's 18.3% rent-to-income ratio remains within the healthy affordability range. Strong household earnings make even premium housing accessible relative to income.
Leverage Grand Traverse's earning power
Grand Traverse households earning the median $79,486 possess substantial capacity for investment and wealth building beyond basic housing costs. This positions residents to aggressively pursue retirement savings, diversified investments, and long-term financial goals.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Grand Traverse County median
County median: $79,486 per year
vs. County Median
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vs. State Average
+24%
vs. National Median
+6%
Income Adequacy
Your monthly income ($6,624) vs. median rent ($1,215/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.