Starting a Business in Grand Traverse County, MI

What does it cost to start a business in Grand Traverse County? Here are the numbers.

Avg Startup Cost

$56,665

Monthly Overhead

$1,721

Est. Break-Even

30 mo

Runway

33 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,721/mo
Median Household Income$75,553
Property Tax Rate1.0%

Population (market size)95,315

Market Context

Median Home Value$273,300
Homeownership Rate75.9%
Median Rent$1,147/mo

CountyGrand Traverse County

About Grand Traverse County, Michigan

Grand Traverse County in Michigan has a population of 95,315 and a median household income of $75,553. The moderate population offers opportunities for niche businesses with less competition.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Grand Traverse County

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Other Counties in Michigan

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.