Traverse City

Cost of Living in Traverse City, MI (2026)

$2,006 left/mo

Photo: Phoenix-Five / Wikimedia

$3,292/mo in Traverse City. $2,006 left each month. Prices near the US average.

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Monthly costs

Take-home $5,298/mo.

Taxes$1,679
Rent$1,399
Other$1,893
Left$2,006

Pay and tax, per year

Gross household pay: $83,730
Federal income tax: −$9,591
Social Security and Medicare: −$6,405
State income tax (MI): −$3,321
City / county wage tax: −$837
Take-home pay: $63,576
Effective tax rate: 24.1%

Living costs, per month

Rent, 1br: $1,399
Groceries: $378
Getting around: $524
Healthcare: $425
Utilities and internet: $236
Everything else: $330
Total spending: $3,292

After tax and rent

$2,006 left/mo

Stats

Rent: $1,666; 2 bd median
Take-home: $5,298; Per month
Tax: 24%; Of pay
Prices: 6% below; US, besides rent

Average electric bill in Michigan

About $180 a month for a household using 900 kWh. That is the EIA residential price for Michigan in 2025, 20.03¢ per kWh. It is a state average, not a Traverse City utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Moving from Traverse City

Moving from Traverse City to Detroit