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The total population of Traverse City is estimated to be 15,468 with 7,505 males (48.52%) and 7,963 females (51.48%). There are 458 more females than males in Traverse City.
The median household income in Traverse City was $69,214 in 2021, which marked an an increase of 29(0.04%) from $69,185 in 2020. This income is 92.77% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Traverse City sees its highest median household income among householders in the age group of 45 to 64 years old, at $84,462. Overall, the median household income for the city of Traverse City stands at $69,214.
In Traverse City, the median income for all workers aged 15 years and older, regardless of work hours, was $39,927 for males and $33,535 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,897 for males and $48,520 for females.
In Traverse City, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $101,721, followed by White households at $69,813, and Black or African American households with a median household income of $38,930.
In 2022, the population of Traverse City was 15,702, a 0.46% increase year-by-year from 2021. Previously, in 2021, Traverse City's population was 15,630, a decline of 0.28% compared to a population of 15,674 in 2020.
The median age in Traverse City, MI is 40.4, as per 2021 ACS 5-Year Estimates. Of the total population, 14.51% were under the age of 15, 20.01% aged 15 to 29, 43.47% aged 30 to 64, 19.04% aged 65 to 84, and 2.97% were 85 years of age and older.
Racial distribution of Traverse City population: 92.27% are White, 1.80% are Black or African American, 0.53% are American Indian and Alaska Native, 1.25% are Asian, 0.11% are Native Hawaiian and other Pacific Islander, 0.27% are some other race and 3.77% are multiracial.