NAICS 53

Real Estate and Rental and Leasing in Traverse City, MI

Metro Market Score 38.5 (Moderate), ranked #121 of 330 metros. 227 establishments, 867 jobs.

Metro Market Assessment

Metro Market Score 38.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

Labor costs are a clear advantage in Traverse City's real estate and rental and leasing sector. The wage competitiveness index of 21.8 puts it among the lowest-cost metros, and wage pressure at 12.3 suggests that gap is holding steady.

Industry Concentration
56.4
LQ: 0.82
Rank #186 of 330 metros
Wage Competitiveness
21.8
$48,364 avg wage
Growth Trend
45.1
Employment growth index
Rank #182 of 330 metros
Wage Pressure
12.3
YoY wage change index

227 Real Estate and Rental and Leasing Firms in Traverse City

227
Establishments
+100.0% YoY
867
Total Employment
+0.0% YoY
$48,364
Average Annual Wage
+0.0% YoY
0.82
Location Quotient
Below national avg

Traverse City vs Michigan Statewide

How this metro's real estate and rental and leasing market compares to Michigan overall. The state ranks #26/51 for entry risk.

Measure Traverse City MI Statewide
Overall Score 38.5 Moderate 39.3 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #121 of 330 metros #26 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 Construction 53.7 Finance and Insurance 57.3 Retail Trade 61.3 Other Services 62.6

Real Estate and Rental and Leasing in Other Michigan Metros

Saginaw 8.4 #2/330 Monroe 19.6 #24/330 Bay City 23.0 #36/330 Jackson 27.4 #54/330 Grand Rapids-Wyoming-Kentwood 30.2 #71/330 Muskegon-Norton Shores 31.8 #79/330 Battle Creek 34.5 #93/330 Niles 38.9 #130/330 Flint 40.7 #148/330 Ann Arbor 44.3 #180/330

+ 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 real estate and rental and leasing sector, the employment growth component (54.9) 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.