Grand Traverse County, Michigan

Income Data

+24% vs. Michigan average
$79,486
Median Household Income
$43,501
Per Capita Income

At a Glance

Median Household Income
$79,486
+24% vs. state avg
Per Capita Income
$43,501
+10% vs. national
Income-to-Housing Ratio
26.8%
income as % of home value
Rank in Michigan
#9 / 83
by median household income

How Grand Traverse County Compares

Grand Traverse County$79,486
Michigan Average$64,304
National Median$74,755

Detailed Income Statistics

$79,486
Median Household Income
$43,501
Per Capita Income
$296,200
Median Home Value
26.8%
Income-to-Housing Ratio

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

What is the median household income in Grand Traverse County, Michigan?
The median household income in Grand Traverse County, Michigan is $79,486, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Grand Traverse County?
The per capita income in Grand Traverse County is $43,501, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $79,486.
How does Grand Traverse County compare to the Michigan average?
Grand Traverse County's median household income of $79,486 is higher than the Michigan state average of $64,304. The per capita income is $43,501, compared to the state average of $35,451.
What is the per capita income in Grand Traverse County, Michigan?
The per capita income in Grand Traverse County, Michigan is $43,501, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Grand Traverse County income higher than the Michigan average?
Grand Traverse County's median household income of $79,486 is higher than the Michigan average of $64,304. This difference of $15,182 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Grand Traverse County rank for income in Michigan?
Grand Traverse County ranks #9 out of 83 counties in Michigan by median household income (1 = highest). With a median household income of $79,486 and per capita income of $43,501, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Grand Traverse County

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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%

vs. Grand Traverse County MedianAbout equal
vs. Michigan Average24% above
vs. National Median6% above

Income Adequacy

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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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.