Traverse City Residents Debt-to-Income Ratios
Traverse City residents have 725 median credit score and the average number of late payments is about 3.02. Below represented DTI (Debt-to-Income) ratios shows how Traverse City residents debts stacks up against their income. As of 2020.
Credit Card DTI
Car Loan DTI
Student Loan DTI
Traverse City Residents Financial Statistics
Below represented statistics is for Traverse City, Grand Traverse County, Michigan. As of 2019.
Median age of Traverse City's residents, years
Labour force participation rate, %
Unemployment rate, %
% of residents with no health insurance
Median individual income, USD
Median household income, USD
% of households with income under $35,000
% of households with income $35,000 - $75,000
% of households with income $75,000 - $100,000
% of households with income over $100,000
% of households that own their residence
Median home value owned by residents, USD
Median rent cost, USD
Rent Burden, %
Some official sources of data we used to build this page:
Traverse City, MI
Payday Loans are legal* in Michigan.