Traverse City, a city located in the state of Michigan (MI), is home to a population of approximately 15,468 people. Traverse City boasts a median age of 41.9, with around 29.9% of its residents aged 60 or above. 6.3% of the population identifies as US Veterans. 12.2% of Traverse City residents are disabled. The city has an average household income of $70,700, while the unemployment rate stands at 5.3%, and around 11.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Traverse City is $336,375, with a monthly rent averaging $1,021.