Average All Occupations Salary in Traverse City, MI
In Traverse City, MI, the average annual salary for All Occupations stands at $57,350, which is notably below the national average of $67,140. This localized pay disparity is often influenced by a combination of regional economic factors, industry concentration, and the specific demand dynamics within the Traverse City labor market.
Executive Summary
- Average Salary: $57,350 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,180.
- Outlook: Traverse City boasts a substantial local workforce of 67,200 individuals, with 1,000 jobs per thousand workers. The Location Quotient of 1.0 indicates that the concentration of All Occupations in Traverse City is precisely in line with the national average, suggesting a stable and balanced job market for these roles.
Salary Overview
The average All Occupations in Traverse City, MI earns-14.6%below the national average.
$27.6
$1,103
$4,779
All Occupations Salary Trends (2020-2024)
While specific historical data for Traverse City's All Occupations salary trends isn't provided, it's reasonable to assume a general upward trajectory in compensation over the past four years, mirroring national trends. Economic growth and inflation typically drive modest salary increases across most sectors, reflecting an evolving job market.
All Occupations Salary Distribution in Traverse City, MI
Salary progression in All Occupations typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with extensive expertise can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $29,100 | $14 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $43,013 | $20.7 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $46,530 | $22.4 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $71,688 | $34.5 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $95,180 | $45.8 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$57,350
Gross Pay
Real Wage (Purchasing Power)
$57,350
Adjusted for COL (100)
The nominal average salary of $57,350 in Traverse City, MI, aligns perfectly with a Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of a Traverse City salary is equivalent to the national average, suggesting that the lower nominal wage is offset by a comparable cost of living.
Job Market Context
67,200
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Traverse City, MI has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a Location Quotient of exactly 1.0, the job market for All Occupations in Traverse City is neither over-saturated nor significantly undersupplied compared to national benchmarks. This indicates a competitive yet accessible market where opportunities exist in proportion to the national distribution of these roles.
Nearby Job Markets
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Traverse City, MI?
The median annual salary for a All Occupations in Traverse City, MI is $57,350. This typically ranges from $29,100 for entry-level positions to $95,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Traverse City, MI is 14.6% lower than the national median of $67,140.
Is Traverse City, MI a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.While the cost of living is on par with the national average, the average salary of $57,350 for All Occupations is below the national figure of $67,140.
Is Traverse City, MI a good place to live for All Occupations?
The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.
How does Traverse City's average salary compare to the national average?
The average salary for All Occupations in Traverse City, MI, is $57,350, which is lower than the national average of $67,140.
What is the cost of living in Traverse City, MI?
Traverse City, MI has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are All Occupations jobs in Traverse City?
The concentration of All Occupations jobs in Traverse City, indicated by a Location Quotient of 1.0, is the same as the national average.
What is the size of the workforce in Traverse City?
Traverse City has a total local workforce of 67,200 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 67,200 employees in the Traverse City, MI area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore All Occupations Salaries by State
Top Jobs in Traverse City, MI
- All Occupations Salary in Traverse City, MI
- Office and Administrative Support Occupations Salary in Traverse City, MI
- Food Preparation and Serving Related Occupations Salary in Traverse City, MI
- Sales and Related Occupations Salary in Traverse City, MI
- Healthcare Practitioners and Technical Occupations Salary in Traverse City, MI
- Transportation and Material Moving Occupations Salary in Traverse City, MI
- Management Occupations Salary in Traverse City, MI
- Production Occupations Salary in Traverse City, MI
- Construction and Extraction Occupations Salary in Traverse City, MI
- Business and Financial Operations Occupations Salary in Traverse City, MI
- Browse All Jobs in Traverse City, MI →
Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Traverse City, MI