Traverse City Electricity Rates

Commercial electricity rates in Traverse City

• Commercial Electricity in Traverse City
• • The average commercial electricity rate in Traverse City is 10.02¢/kWh.^[1]
  • This average (commercial) electricity rate in Traverse City is 8.33% less than the Michigan average rate of 10.93¢/kWh.^[2]
  • The average (commercial) electricity rate in Traverse City is 0.69% less than the national average rate of 10.09¢/kWh. Commercial rates in the U.S. range from 6.86¢/kWh to 34.88¢/kWh.^[2]

Residential electricity rates in Traverse City

• Residential Electricity in Traverse City
• • The average residential electricity rate in Traverse City is 9.62¢/kWh.^[1]
  • This average (residential) electricity rate in Traverse City is 31.92% less than the Michigan average rate of 14.13¢/kWh.^[2]
  • The average (residential) electricity rate in Traverse City is 19.02% less than the national average rate of 11.88¢/kWh. Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.^[2]

Industrial electricity rates in Traverse City

• Industrial Electricity in Traverse City
• • The average industrial electricity rate in Traverse City is 7.61¢/kWh.^[1]
  • This average (industrial) electricity rate in Traverse City is 0.13% less than the Michigan average rate of 7.62¢/kWh.^[2]
  • The average (industrial) electricity rate in Traverse City is 14.09% greater than the national average rate of 6.67¢/kWh. Industrial rates in the U.S. range from 4.13¢/kWh to 30.82¢/kWh.^[2]

Commercial electricity in Michigan

• Commercial electricity rates in MI ^[3]
• • The average commercial electricity rate in Michigan is 10.93¢/kWh, which ranks 13th in the nation and is 8.33% greater than the national average rate of 10.09¢/kWh.[3]
• Commercial electricity consumption in MI ^[3]
• • Commercial electricity consumption in Michigan averages 6,159 kWh/month, which ranks 20th in the nation and is 1.27% less than the national average of 6,238 kWh/month.
• Commercial electricity bills in MI ^[3]
• • The average monthly commercial electricity bill in Michigan is $673, which ranks 12th in the nation and is 7% greater than the national average of $629.
• Learn more about commercial electricity in Michigan

Residential electricity in Michigan

• Residential electricity rates in Michigan ^[3]
• • The average residential electricity rate in Michigan is 14.13¢/kWh, which ranks 12th in the nation and is 18.94% greater than the national average rate of 11.88¢/kWh.
• Residential electricity consumption in MI ^[3]
• • Residential electricity consumption in Michigan averages 676 kWh/month, which ranks 41st in the nation and is 25.14% less than the national average of 903 kWh/month.
• Residential electricity bills in MI ^[3]
• • The average monthly residential electricity bill in Michigan is $95, which ranks 34th in the nation and is 11.21% less than the national average of $107 per month.
• Learn more about residential electricity in Michigan

Industrial electricity in Michigan

• Industrial electricity rates in Michigan ^[3]
• • The average industrial electricity rate in Michigan is 7.62¢/kWh, which ranks 14th in the nation and is 14.24% greater than the national average rate of 6.67¢/kWh.
• Industrial electricity consumption in MI ^[3]
• • Industrial electricity consumption in Michigan averages 202,921 kWh/month, which ranks 17th in the nation and is 80.92% greater than the national average of 112,158 kWh/month.
• Industrial electricity bills in MI ^[3]
• • The average monthly industrial electricity bill in Michigan is $15,471, which ranks 13th in the nation and is 106.75% greater than the national average of $7,483.
• Learn more about industrial electricity in Michigan

Traverse City, MI Income Breakdown ^[4]

Income Summary for Traverse City, MI

• • Household income: The city of Traverse City has a median household income of $61,482, versus $62,843 for the U.S.^[4]
  • Compared to the U.S.: Median household income in Traverse City is approximately 2 percent less than the median income for the entire United States.^[4]
  • Poverty level: Approximately 5.6 percent of Traverse City households have incomes below poverty level.^[4]
  • Electric bills: The average residential electricity bill in Michigan is about $95/month, ranking 34th in the U.S. and 11.21% less than the national average of $107.^[5]

Income: Traverse City vs. Nation ^[4]