NAICS 81

Other Services in Traverse City, MI

Metro Market Score 62.6 (Difficult), ranked #273 of 332 metros. 464 establishments, 2,357 jobs.

Metro Market Assessment

Metro Market Score 62.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national other services average.

Market conditions for other services in Traverse City are tougher than average. The 62.6 market score reflects a combination of moderate wages, slowing employment, and an already crowded field. Rank: #273 of 332 metros.

Industry Concentration
82.2
LQ: 1.15
Rank #273 of 332 metros
Wage Competitiveness
56.9
$46,337 avg wage
Growth Trend
↓ 32.5
Employment growth index
Rank #225 of 332 metros
Wage Pressure
38.1
YoY wage change index

464 Other Services Firms in Traverse City

464
Establishments
+100.0% YoY
2,357
Total Employment
+0.0% YoY
$46,337
Average Annual Wage
+0.0% YoY
1.15
Location Quotient
Above national avg

Traverse City vs Michigan Statewide

How this metro's other services market compares to Michigan overall. The state ranks #24/51 for entry risk.

Measure Traverse City MI Statewide
Overall Score 62.6 Difficult 43.6 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #273 of 332 metros #24 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Traverse City

Information 36.9 Real Estate and Rental and Leasing 38.5 Construction 53.7 Finance and Insurance 57.3 Retail Trade 61.3

Other Services in Other Michigan Metros

Bay City 30.8 #30/332 Muskegon-Norton Shores 32.0 #35/332 Midland 39.0 #71/332 Niles 39.4 #74/332 Ann Arbor 41.2 #83/332 Monroe 52.0 #176/332 Grand Rapids-Wyoming-Kentwood 52.8 #186/332 Detroit-Warren-Dearborn 58.5 #233/332 Saginaw 59.2 #238/332 Jackson 59.2 #240/332

+ 4 more metros. View all in Michigan →

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Traverse City's other services sector, the industry concentration component (82.2) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.