DownTown Traverse City

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CNN Money Magazine's Best Places To Live 2007

Downtown Traverse City

MONEY MAGAZINE BEST PLACES TO LIVE 2007

 

Money Magazine Article

Top 10 - Traverse City

Rank

City

Median family
income (yr)
Sales
tax
State income
tax rate
(lowest-highest)
Auto insurance
premiums
(state avg.)
Job growth %
(2000-2006)
  Traverse City, MI $54,666 6.00% 3.90%-3.90% $2,111 8.25%
1 Middleton, WI $84,267 5.50% 4.60%-6.75% $1,605 13.02%
2 Hanover, NH $102,456 0.00% n/a $1,843 10.17%
3 Louisville, CO $94,385 8.10% 4.63%-4.63% $1,828 3.68%
4 Lake Mary, FL $80,881 7.00% n/a $2,134 18.22%
5 Claremont, CA $88,651 8.30% 1.00%-9.30% $2,076 8.28%
6 Papillion, NE $83,075 7.00% 2.56%-6.84% $1,963 18.68%
7 Milton, MA $108,265 5.00% 5.30%-5.30% n/a -0.76%
8 Chaska, MN $80,140 6.50% 5.35%-7.85% $2,043 35.22%
9 Nether Providence (Wallingford), PA $90,701 6.00% 3.07%-3.07% $2,218 2.79%
10 Suwanee, GA $100,769 6.00% 1.00%-6.00% $1,886 26.47%
  100 Best places average $90,316 6.74% 2.74-6.38% $2,121 13.41%

 

CONTENDER
Traverse City, MI
Top 100 rank: N/A
Population: 15,600
Compare Traverse City to Top 10 Best Places
 
Financial
  City stats Best places avg.
Median family income
(per year)
$54,666 $90,316
Family purchasing power
(annual, cost-of-living adjusted)
$52,868 $82,867
Sales tax 6.00% 6.74%
State income tax rate
(highest bracket)
3.90%I 6.38%
State income tax rate
(lowest bracket)
3.90%I 2.74%
Auto insurance premiums
(Average for the state)
$2,111 $2,121
Job growth %
(2000-2006)
8.25% 13.41%
Housing
  City stats Best places average
Average home price n/a $359,352
Average property taxes
(2006)
$1,885 $3,585
Education
  City stats Best places average
Colleges, universities and
professional schools
(within 30 miles)
n/a 29
Junior colleges and
technical institutes
(within 30 miles)
1 18
Test scores reading
(% above/below state average)
9.0% 20.1%
Test scores math
(% above/below average)
12.0% 24.8%
% students attending public/private
schools
(located within town limits)
77.4/22.6 91.1/8.9
Quality of life
  City stats Best places average
Air quality index*
(% of days AQI ranked as good)
n/a 77.3%
Personal crime incidents (per 1,000) 4 1.3
Property crime incidents (per 1,000) 27 20.6
Median commute time
(in minutes)
12.0 23.1
% population with commute
45 mins. or longer
5.7% 15.6%
% population walk or bike to work 7.4% 2.7%
Leisure and culture
  City stats Best places average
Movie theaters
(within 15 miles)
5 30
Restaurants
(within 15 miles)
266 2,899
Bars
(within 15 miles)
31 287
Public golf courses
(within 30 miles)
37 125
Libraries
(within 15 miles)
11 71
Museums (accredited by AAM;
within 30 miles)
n/a 11
Ski resorts (within 100 miles) 22 17
Arts funding (Dollars per person of state funds spent on arts) 1 1
Weather
  City stats Best places average
Annual rainfall
(inches)
33.47 40.18
% clear days in the area 18 28
High temp in July ° F 81.2° 86.1°
Low temp in Jan ° F 14.4° 24.0°
Health*
  City stats Best places average
Has health plan
(% of residents)
88.3% 90.5%
Body mass index (avg. for residents) 28 27
Diabetes rates
(% of residents diagnosed)
7.1% 9.3%
Hypertension rates
(% of residents diagnosed)
38.8% 30.6%
Elder-care facilities** 8 107
Meet the neighbors
  City stats Best places average
Median age 39.5 36.8
Completed at least some college
(% of residents)
68.9% 72.4%
Married 44.7% 60.8%
Divorced 13.5% 8.0%
Racial diversity index
(100 is national average; higher numbers indicate greater diversity)
14.2 59.2
Amount spent on vacations
(domestic and foreign, household avg. per year)
$6,861 $8,250

*County data
**Elder-care services refer to skilled nursing and assisted living facilities. Data from Total Living Choices.
(I) Income tax notes:
17 states have statutory provision for automatic adjustment of tax brackets,

personal exemption or standard deductions to the rate of inflation. Massachusetts,

Michigan, Nebraska and Ohio indexes the personal exemption amounts only.