Groundwork

Metro area profile · Michigan

Traverse City, MI metro area market data

Population, household spending and competition for 56 business types in the Traverse City metro area, each scored against other metro areas.

Population, 2025
156,972
+2.2% since 2020
Households
65,429
Median household income
$80,889
+32.6% vs. 2015–2019, before inflation
Median home value
$324,300
Jobs located here
61,451
Highest market score
81
Nail salons, #6 of 387 scored metro areas

A site report maps the competitors on map listings around any address in the Traverse City metro area by name and distance, and the households and spending within reach. Or open the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.

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Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

An estimated 156,972 people live in the Traverse City metro area, in 65,429 households. Population estimates show the Traverse City metro area grew 2.2% from 2020 to 2025, slower than the U.S. (+3.1%). The median household income in the Traverse City metro area is $80,889 a year, in line with the U.S. median of $80,734. That rose 32.6% from the 2015–2019 survey, before inflation.

Set against the U.S., households in the Traverse City metro area spend the most on vehicle maintenance and repairs (an index of 115, where 100 is the U.S. average) and the least on child care and other personal services (74).

The highest Groundwork market scores in the Traverse City metro area are for nail salons (81), barbershops (76) and tire shops (74). The Traverse City metro area ranks #6 of 387 scored metro areas for nail salons.

The Traverse City metro area takes in 4 counties: Grand Traverse County, Leelanau County, Benzie County and Kalkaska County. For its number of households, the Traverse City metro area has the most map listings, relative to the U.S., for home inspectors (2.5 times the U.S. rate) and the fewest for barbershops (55% below the U.S. rate).

All 56 business types in the Traverse City metro area

Highest Groundwork market score first. Each score compares the Traverse City metro area with other metro areas for that business type, from 0 to 100. Spending per listing divides a whole spending line (all vehicle repairs, all eating out) by one type’s listings: the demand for each competitor, not a business’s revenue. Compare it across markets with its index, where 100 is the U.S. figure for the same type; the real estate types, whose line is all housing costs, show the index only. How the score works.

Every business type in Traverse City, MI metro area, highest Groundwork market score first, with its rank among metro areas, listings, listings per 10,000 households, spending per listing and official establishments
Business typeScoreRank among metro areasListingsPer 10k householdsSpending per listingSpending per listing vs. U.S. (100)Official establishments
Nail salons81#6 of 387233.5$2.9M1743
Barbershops76#14 of 387162.4$4.2M2223
Tire shops74#37 of 386182.8$4M1619
Salons, barbers and spas68#39 of 38726640.7$252K11853
Martial arts and dance studios67#53 of 387253.8$2.5M12213
Laundromats66#84 of 36491.4$14.7M1183
Funeral homes65#95 of 377152.3$753K1117
Spas and skin care64#62 of 387568.6$1.2M13714
Gyms64#71 of 387497.5$1.3M9714
Fast food and sandwich shops64#108 of 3878513.0$3.1M102121
Primary care and pediatrics62#107 of 387426.4$2.3M127106
Gyms, studios and classes58#115 of 38710115.4$612K9227
Dentists and orthodontists54#158 of 3878613.1$1.1M11368
Hair salons52#159 of 38717026.0$394K9231
Pizza52#179 of 387639.6$4.2M82121
Child care and preschools52#182 of 387294.4$967K9734
Collision repair and body shops52#186 of 381213.2$3.4M11219
Mortgage brokers and lenders51#176 of 373233.5Index only1056
Doctors, dentists and clinics51#186 of 38759791.2$159K105262
HVAC and plumbing49#200 of 387375.7$4.9M10468
Convenience stores49#212 of 3877010.7$5.8M7310
Auto repair shops46#237 of 38716124.6$450K10187
Yoga, Pilates and fitness studios45#217 of 347274.1$2.3M5614
Gas stations45#232 of 3878312.7$2.2M9259
Car washes and detailing43#251 of 387324.9$2.3M9019
Pet stores43#251 of 382213.2$2.7M604
Oil change and quick lube42#194 of 29081.2$9M666
Auto repair and car care42#260 of 38728543.6$254K95129
Physical therapy41#260 of 386538.1$1.8M7529
Sit-down restaurants41#270 of 38738358.5$688K104164
Insurance agencies35#275 of 3879614.7$1.1M9270
Pet grooming and boarding35#305 of 386314.7$1.8M7216
Property management35#313 of 374253.8Index only6829
Optometrists and eye care35#314 of 386406.1$2.4M7614
Roofing and gutters34#316 of 381416.3$4.5M5313
Coffee shops and cafes34#321 of 38710616.2$2.5M6743
Bakeries and dessert shops33#322 of 38710215.6$2.6M6248
Home inspectors32#207 of 243101.5Index only363
Clothing, shoes and laundry31#316 of 38719429.7$683K7891
Grocery and convenience stores31#319 of 38719529.8$2.1M6151
Restaurants and cafes31#332 of 387891136.2$296K80329
Clothing and shoe stores30#316 of 38714622.3$907K7188
Chiropractors29#350 of 3867811.9$1.2M5142
Pest control28#316 of 345121.8$6.9M6812
Home repair trades27#366 of 38710916.7$1.7M69154
Grocery stores26#341 of 3876710.2$6M6541
Pet businesses25#358 of 38710716.4$533K6147
Real estate25#383 of 38733150.6Index only66159
Real estate agents and brokers24#383 of 38727341.7Index only6393
Veterinarians23#365 of 384416.3$1.4M5127
Electricians22#368 of 383314.7$5.9M4973
House cleaning20#365 of 375324.9$2.6M4050
Lawn, cleaning and pest control17#386 of 38712018.3$691K41191
Landscaping and lawn care16#382 of 3857611.6$1.1M37129
Urgent care and walk-in clinicsNot scoredNot scored40.6$23.8M973
Dry cleanersNot scoredNot scored30.5$44.2M282Under 3

Household spending in the Traverse City metro area

What households here spend in a year on each line, in total and per household, with the index against the U.S. average (100).

Annual household spending in Traverse City, MI metro area by line, per household, and against the U.S.
Spending lineA year, all householdsPer householdIndex vs. U.S. (100)
Vehicle maintenance and repairs$72.4M$1,106115
Gasoline and other fuels$181.9M$2,780107
Food away from home$263.4M$4,02699
Groceries$404M$6,17598
Personal care products and services$67M$1,024102
Child care and other personal services$28M$42974
Memberships, classes and admissions$61.8M$94496
Medical and dental services$95.2M$1,455113
Pets$57.1M$87296
Clothing, shoes and related services$132.5M$2,02599
Vehicle insurance$110.3M$1,68686
Home repairs, maintenance and insurance$183.1M$2,79993
Lawn care, cleaning and other household services$82.9M$1,26790
Rent and homeowner costs$941.5M$14,39086

Household spending is estimated from the incomes of the households in each neighborhood, using what households at each income spent nationally in 2024, adjusted for the region. It counts what residents spend, wherever they spend it.

Population and households in the Traverse City metro area

Population, 2025 estimate
156,972+2.2% since 2020
Households
65,429
Median age
46.4
Homes lived in by their owners
82%
Vehicles per household
1.9
Land area
1,691 sq. mi.
People per square mile
92
Median household income
$80,889+32.6% vs. 2015–2019, before inflation
Average household income
$106,351
Median home value
$324,300
Jobs located here
61,451
Daytime population
155,130Residents who don’t work, plus everyone whose job is here

Looking at a specific site in the Traverse City metro area?

These figures cover the whole metro area. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the competitors on map listings by name and distance, for any of the 56 business types.

Or open the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.

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Questions

How fast is the Traverse City, MI metro area growing?

Population estimates put the Traverse City metro area at 156,972 people in 2025, up 2.2% since 2020, slower than the U.S. (+3.1%). It has 65,429 households. Against the 2015–2019 survey, median household income rose 32.6%, before inflation.

How much do households in the Traverse City, MI metro area spend?

Households in the Traverse City metro area spend about $941.5M a year on rent and homeowner costs, $404M on groceries and $263.4M on food away from home. Relative to the U.S., household spending in the Traverse City metro area runs highest on vehicle maintenance and repairs (an index of 115, where 100 is the U.S. average) and lowest on child care and other personal services (74).

Which business types have the highest market scores in the Traverse City, MI metro area?

Of the business types scored in the Traverse City metro area, nail salons (81), barbershops (76) and tire shops (74) have the highest Groundwork market scores. For nail salons, that ranks #6 of 387 scored metro areas.

How does the Traverse City, MI metro area compare with the U.S.?

Median household income in the Traverse City metro area is $80,889, in line with the U.S. median of $80,734. The population rose 2.2% from 2020 to 2025, against +3.1% for the U.S. The median home value is $324,300, against $332,700 for the U.S. Against the U.S., map listings per household run highest for home inspectors (2.5 times the U.S. rate) and lowest for barbershops (55% below the U.S. rate).

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. 54 of the 56 business types have a score in the Traverse City metro area, each ranked against other metro areas.

How can I see the market around a specific site?

Run a Groundwork site report on an address in the Traverse City metro area. It maps the competitors on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

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Screening a site or an acquisition in the Traverse City metro area?

A site report maps the competitors on map listings near an address and sizes the households and spending around it.

The button opens the report at the center of the Traverse City metro area. Signed out, you see a blurred preview; on an account, each report is one action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.