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Minnesota

Cost of living in Traverse County, MN

Estimated monthly cost
$2,825/mo
for a single person, all categories combined

Population 3,279 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $715 25%
Federal tax $529 19%
Healthcare $480 17%
Groceries $340 12%
Transport $320 11%
State tax $204 7%
Energy $187 7%
Water $50 2%

Rent in Traverse County

Fair Market Rents by bedroom count.

Studio
$640
per month
1 bedroom
$715
per month
2 bedroom
$933
per month
3 bedroom
$1,307
per month
4 bedroom
$1,490
per month

Source: HUD FMR FY2025

Income and earnings in Traverse County

Annual earnings figures from the Census ACS.

Household income
$65,931
per year
Individual earnings
$42,420
per year
Per capita
$38,451
per year

Source: ACS 2019-2023 5-Year.

Home values in Traverse County

Average values reported by homeowners.

Average home value
$110,100
Annual property tax
$1,070

Source: ACS 2019-2023 5-Year

Energy costs in Traverse County

Estimated monthly electricity and gas costs.

Electricity
$124
per month · 15.5¢/kWh
Natural gas
$63
per month
Annual total
$2,244
per year

Source: EIA

Healthcare in Traverse County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
3.2%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Traverse County

State and local tax rates for Minnesota.

State income tax
9.8%
Top marginal rate
State sales tax
6.9%
Combined sales tax
7.5%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Traverse County

Commute patterns and estimated costs.

Average commute
17.1 min
Drive alone
71.2%
Public transit
0.0%
Work from home
16.2%

Source: ACS

Monthly cost estimates for Traverse County

What it costs to live in Traverse County each month.

Single person
$2,825
per month
  • Rent $715
  • Energy $187
  • Water $50
  • Groceries $340
  • Transport $320
  • Healthcare $480
  • Federal tax $529
  • State tax $204
Couple
$4,150
per month
  • Rent $933
  • Energy $224
  • Water $60
  • Groceries $563
  • Transport $420
  • Healthcare $864
  • Federal tax $749
  • State tax $337
Family
$6,668
per month
  • Rent $1,307
  • Energy $280
  • Water $70
  • Groceries $855
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $749
  • State tax $337

Frequently asked questions about Traverse County

Common questions about cost of living, rent and salary.

What is the average rent in Traverse County?

In Traverse County, MN, a one-bedroom apartment averages $715 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,307 per month, according to HUD Fair Market Rent data.

What is the average salary in Traverse County?

In Traverse County, MN, the average household income is $65,931 per year and individual earnings for full-time workers average $42,420 per year, according to U.S. Census Bureau data.

What is the cost of living in Traverse County?

The estimated cost of living in Traverse County, MN is approximately $2,825 per month for a single person, $4,150 for a couple, $6,668 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Traverse County?

The combined sales tax rate in Traverse County, MN is 7.54%, which includes the Minnesota state rate of 6.88% plus an average local rate of 0.66%.

Is Traverse County an affordable place to live?

Based on the data, a single person in Traverse County, MN would need approximately $2,825 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $65,931 per year ($5,494 per month). Traverse County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Traverse County?

The ACA marketplace benchmark premium in Traverse County, MN is approximately $480 per month for an individual. Approximately 3.2% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Traverse County?

The average home value in Traverse County, MN is $110,100, with average annual property taxes of $1,070, according to U.S. Census Bureau data.

How does Traverse County compare to other areas?

You can compare Traverse County, MN with any other US county using our comparison tool at /compare. Traverse County is in Minnesota.

Other counties in Minnesota

Browse the full list of counties in Minnesota, ranked by cost of living.

See all counties in Minnesota

Compare Traverse County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources