Business and Economy in Traverse City, MI
Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Traverse City , MI, is $47,284, and check out the following articles to get an inside look at its key industries and job opportunities.
Specialized programs supply the region’s industries with skilled talent.
Northwest Michigan invests in innovators and entrepreneurs.
While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Traverse City ’s economy.
Employment Rate in Grand Traverse County, MI
Occupations in Traverse City , MI
Employment in Traverse City , MI
|Employment Armed Forces||0%|
|Employment Civilian Labor Force||67.4%|
|Employment Not in Labor Force||32.6%|
|Employment Total in Labor Force||67.4%|
Industry in Traverse City , MI
|Agriculture, Forestry, Fishing and Hunting and Mining||1.3%|
|Transportation and Warehousing, and Utilities||2.8%|
|Finance and Insurance, and Real Estate and Rental and Leasing||7.7%|
|Professional, Scientific and Management and Administrative and Waste||11%|
|Educational Services and Health Care and Social Assistance||25.1%|
|Arts, Entertainment and recreation and Accommodation and food Services||14.2%|
|Other Services, Except Public Administration||4.5%|