COMPARING TWO PLACES
Tower vs Traverse City
PLACE A
Tower, Michigan
VS
PLACE B
Traverse City, Michigan
Tower is 98% smaller than Traverse City. Traverse City earns more, with a median household income $17,837 higher.
TOWERTRAVERSE CITYDIFFERENCE
Total population27515,832−98% vs Traverse City
Population density5061,913−1,407
Population growth–6.8%–
Median age39.442.7−3.3
Male56.0%49.4%+6.6 pts
Female44.0%50.6%−6.6 pts
Foreign-born0.0%2.5%−2.5 pts
White, non-Hispanic70.5%87.7%−17.1 pts
Black0.0%1.3%−1.3 pts
Hispanic / Latino12.4%3.6%+8.8 pts
Asian0.0%1.1%−1.1 pts
Other17.1%6.4%+10.7 pts
Median household income$56,250$74,087−$17,837
Per capita income$19,294$53,432−$34,138
Poverty rate30.5%12.3%+18.3 pts
Income inequality (Gini)0.2800.523−0.2
Bachelor's degree or higher12.0%47.4%−35.3 pts
Graduate degree1.9%22.7%−20.8 pts
Unemployment rate9.4%5.2%+4.2 pts
Labor force participation36.8%62.6%−25.8 pts
Median home value$94,800$415,400−$320,600
Median gross rent$850$995−$145
Owner-occupied65.6%63.7%+1.9 pts
Housing vacancy rate29.7%15.2%+14.5 pts
Rent-burdened households12.9%45.6%−32.7 pts
Average commute26.317.2+9.2
Worked from home0.0%19.4%−19.4 pts
Public transit to work0.0%1.1%−1.1 pts
Uninsured4.7%3.8%+0.9 pts
Population, 2020 – 2024