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Economic Data & Demographics Benzie County

City of Traverse City

Grand Traverse County Kalkaska County Leelanau County 2008 Economic Forecast

Traverse City Map  The City of Traverse City

Opera HouseTraverse City is the economic and retail center of northwest Michigan. This growing, diverse community is situated on beautiful Grand Traverse Bay. The strong and growing local economy is driven by manufacturing, professional and financial services, retail, tourism, a leading hospital, medical facilities, Northwestern Michigan College and more. Traverse City's historic downtown shopping district offers more than 150 unique boutiques, galleries, restaurants and pubs.

 

Population (2006) 14,259*

Median Home Price (as of 11/07):

$165,000**
Median Household Income (2004): $46,912***
Growth Since 1990 -5.67%*

Source: *U.S. Census Bureau; June 28, 2007.

               **Traverse Area Association of Realtors; Jan. 2007.

               ***2000 Census, U.S. Census Bureau

Why do business here?sail boats

  • Six business and industrial parks within five minutes of Cherry Capital Airport
  • High-tech commercial properties available just minutes from the beach
  • Non-traditional financing available through County Revolving Loan Fund
  • Approved Brownfield redevelopment sites located in the City
  • Available commercial and retail properties at the historic Grand Traverse Commons - a virtually tax-free location for your business or residence
  • Cherry Capital Airport
    • Up to 15 daily flights to Detroit, Chicago, Minneapolis, Cincinnati, Atlanta and other seasonal destinations
    • One plane change away from anywhere in the world
    • Air shipping via Federal Express, UPS and DHL

Key Employers

Festivals and Cultural Highlights