Cost of Living in Traverse City, MI - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $958 (excluding rent), and $2,653 including rent.

Family of 3: Estimated monthly costs are $2,309 (excluding rent), and $5,159 including rent.

Meal at Budget Restaurant

$18.1 $18.1

$12.07 $12.07

$50.3 $50.3

Three-Course Dinner for Two, Mid-Range

$70 $70

$60 $60

$106 $106

Fast Food Meal (McDonalds, etc)

$9.76 $9.76

$11.95 $11.95

Cappuccino

$4.38 $4.38

$2.92 $2.92

$10.7 $10.7

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.52 $2.52

$2.01 $2.01

$3.52 $3.52

Water (0.33 liter bottle)

$1.65 $1.65

$1.03 $1.03

$3.09 $3.09

Local Beer (0.5 liter draught)

$5.38 $5.38

$3.92 $3.92

$11.75 $11.75

Imported Beer (0.33 liter bottle)

$5.92 $5.92

$10.48 $10.48

Milk (1 liter)

$0.84 $0.84

$0.7 $0.7

$1.03 $1.03

White Bread (500g)

$3.51 $3.51

$2.03 $2.03

$6.14 $6.14

Rice (white) (1kg)

$4.18 $4.18

$2.12 $2.12

$6.42 $6.42

Eggs

$3.15 $3.15

$2.23 $2.23

$5.81 $5.81

Local Cheese (1kg)

$15.59 $15.59

$4.48 $4.48

$33.61 $33.61

Chicken Fillets (1kg)

$12.05 $12.05

$5.97 $5.97

$17.51 $17.51

Beef Round Steak (1kg)

$15.19 $15.19

$8.11 $8.11

$22.33 $22.33

Apples (1kg)

$6.64 $6.64

$4.81 $4.81

$13.17 $13.17

Banana (1kg)

$0.86 $0.86

$1.5 $1.5

Oranges (1kg)

$3.41 $3.41

$2.84 $2.84

$11.34 $11.34

Tomato (1kg)

$5.93 $5.93

$1.55 $1.55

$11.22 $11.22

Potato (1kg)

$2.13 $2.13

$0.85 $0.85

$3.28 $3.28

Onion (1kg)

$3.38 $3.38

$1.51 $1.51

$4.36 $4.36

Lettuce (1 head)

$2.5 $2.5

$1.1 $1.1

$4.42 $4.42

Water (1.5 liter bottle)

$2.43 $2.43

$1.46 $1.46

$2.92 $2.92

Cigarettes 20 Pack (Marlboro, Camel)

$9.14 $9.14

$6.09 $6.09

$10.92 $10.92

Wine (Bottle)

$15.24 $15.24

$7.12 $7.12

$21.35 $21.35

Local Beer (0.5 liter bottle)

$1.8 $1.8

$1.72 $1.72

$2.98 $2.98

Imported Beer (0.33 liter bottle)

$3.5 $3.5

$1.62 $1.62

$6.84 $6.84

One-way Ticket (Public Transport)

$5.83 $5.83

$1.21 $1.21

$5.83 $5.83

Public Transport Monthly Pass (Regular Price)

$29.75 $29.75

Taxi Start (Normal Tariff)

$4.83 $4.83

Taxi (Normal Tariff) (1km)

$1.61 $1.61

$1.54 $1.54

$2.15 $2.15

Taxi 1hour Waiting (Normal Tariff)

$27.84 $27.84

$24.64 $24.64

$31.04 $31.04

Gasoline (1 liter)

$0.92 $0.92

$0.81 $0.81

$0.98 $0.98

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$25K $25K

$48.7K $48.7K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$24.7K $24.7K

$23.7K $23.7K

$28K $28K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$119 $119

$101 $101

$352 $352

SIM Card Monthly Plan (Calls and 10GB+ Data)

$45.98 $45.98

$30.42 $30.42

$86.2 $86.2

Internet (50+ Mbps, Unlimited Data)

$61.8 $61.8

$40.4 $40.4

$111 $111

Gym Membership (Monthly)

$69.2 $69.2

$19.77 $19.77

$119 $119

Cinema Ticket

$11.07 $11.07

$9.06 $9.06

$15.1 $15.1

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$944 $944

$1,093 $1,093

International Primary School, 1 Child (Yearly)

$21.1K $21.1K

Jeans (Levis 501 Or Similar)

$63.9 $63.9

$45.48 $45.48

$97.6 $97.6

Summer Dress (H&M, Zara, etc)

$54.5 $54.5

$44.61 $44.61

$64.4 $64.4

Sport Shoes (Adidas, Nike)

$99.1 $99.1

$50.4 $50.4

$136 $136

Men's Leather Business Shoes

$95.6 $95.6

$49.02 $49.02

$167 $167

1-bedroom Apartment, City Center (Monthly)

$1,806 $1,806

$1,204 $1,204

$2,408 $2,408

1-bedroom Apartment, Outside City Center (Monthly)

$1,432 $1,432

$1,005 $1,005

$1,681 $1,681

3-bedroom Apartment, City Center (Monthly)

$3,777 $3,777

$3,479 $3,479

$3,976 $3,976

3-bedroom Apartment, Outside City Center (Monthly)

$2,332 $2,332

$1,960 $1,960

$2,519 $2,519

Buy Apartment in City Center (m2)

$5,147 $5,147

$3,325 $3,325

$8,671 $8,671

Buy Apartment Outside City Center (m2)

$3,607 $3,607

$3,312 $3,312

$4,080 $4,080

Average Monthly Net Salary (After Tax)

$2,716 $2,716

20-Year Fixed Mortgage Interest Rate (Annual %)

6.35

6.19

6.8

Citycost data is based on AI and user input – minor inaccuracies may occur.

Last update: November 30, 2025

Digital Nomad Cost of Living Index

City tags:

🌎 North america

Cost of Living in Traverse City, MI - Frequently Asked Questions

Compared with bigger urban hubs, Traverse City offers a balanced mix of scenery and services that many find valuable. Cost of Living in Traverse City, MI, United States sits at a middle ground for the region, with dense seasonal activity that can push costs up in summer while easing in winter. You'll notice good value in smaller apartment options, accessible dining, and a growing network of coworking spaces. Practical budgeting helps: target quieter neighborhoods for long stays, shop at farmers markets, and plan trips during shoulder seasons to stretch your dollars. Tip: align your lodging with your work schedule to maximize off-peak value.

For daily life, a balanced approach helps. Start housing hunts in late winter or early spring to lock seasonal rental options; look beyond downtown to West End and East Bay for more space or lower rents. Groceries include local markets and artisanal stores; you’ll find reliable coffee and bakery spots, plus farm-to-table options in season. Transit is manageable by car, bike lanes exist, and some coworking hubs offer flexible day passes. For errands, set up a weekly route to libraries, post offices, and farmers markets. Tip: build a simple weekly plan to minimize backtracking and save time.

A practical budgeting framework helps you tolerate seasonal shifts without sacrificing quality of life. Focus on housing options that fit your rhythm – short-term leases near Old Town for strollable access or sturdier homes in the West Bay area for family-friendly spaces. Utilities, groceries, and dining reflect seasonality, so plan for busier summers and quieter winters. Use a simple split: fixed housing, flexible food/entertainment, and reserved funds for travel. Compare neighborhoods by walkability, access to water, and coworking access. Traverse City, MI, United States living cost will feel more or less stable depending on demand and how you time your stays. Tip: set a monthly cap and track your expenses.