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Hearty Waterfront Hamlet on
Great Lakes Provides Four Season Retirement
Cost of Living: Meets the National Average
| Traverse City (population 15,000
with 65,000 more in the surrounding county) is
an idyllic waterfront community located on the
neck of Old Mission Peninsula, a 20 mile piece
of land that juts out into Grand Traverse Bay,
in northern Michigan. Surrounded by
lush forests, rolling hills, beaches, cherry
orchards and vineyards, this pretty town boasts
a high quality of life, a charming downtown, an
abundance of outdoor activities, including
boating and snow skiing, gorgeous surrounding
scenery, and a lively arts scene with galleries
and museums. It is also a place where more
and more seniors are coming to enjoy a hearty,
outdoor-oriented, Great Lakes retirement.
In fact, 24% of the population is aged from 45
to 64, and 15% of those who live here are 65
years of age or older. |
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Overall, Traverse City has a cost-of-living that just
about meets the national average. The median
home price is $219,000, down slightly from last year, and
the city has manufactured homes, single-family homes,
condos and town homes. Very nice, newer (2005) town
homes with 1,000 square feet, one bedroom and one bath are
selling for $149,000 in midtown (and less expensive ones
can also be found); new construction town homes with 2
bedrooms, 1.5 baths and 1,295 square feet are selling for
$145,000 to $200,000. Some units are selling
in the $250,000 to $300,000 range, as well.
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Small, older (1930s) cabins near the water, but
not on it, can be found in the low $100,000s. These tend to
be somewhat rustic, in the woods and rather isolated. There
are also some modest one bedroom, one bath homes available in town
for under $150,000, but these are not in great shape or great
neighborhoods. Inventory, which includes Victorians, Cape
Cods and ranch-style homes, starts to become more plentiful in the
low-$200,000 range. Very comfortable, two bedroom, one
and a half bath, 1,300 square foot homes directly on the water
with a short, private, sandy beach and a boat dock can be found
for $269,000. Some of these also have acreage.
Traverse
City, Michigan, Continued....
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