Electricity prices in Traverse City, MI
Households in Traverse City pay 23.0¢/kWh (Michigan average), about $145 a month for 631 kWh a month, the Michigan household average. Today's wholesale price in Michigan (MISO hub) averages 4.1¢/kWh; the cheapest hours are 1 am, 3 am, 2 pm.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $115 | $1,379 |
| 1,000 kWh a month | $230 | $2,759 |
| 1,500 kWh a month | $345 | $4,138 |
| 2,000 kWh a month | $460 | $5,518 |
At 23.0¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Electricity prices in Michigan (MISO hub) today
Business electricity in Traverse City
Commercial customers pay 16.2¢/kWh and industrial customers 9.0¢/kWh (Michigan average).
Home running costs in Traverse City
In Traverse City, running an 860 sq ft home costs on average $108 a month excluding rent – 30% more expensive than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Traverse City compared with the average for the United States
Your biggest saving opportunity
At today's prices a heat pump would cost about $89 a year more than a gas boiler in Traverse City; check the incentives available before deciding.
Running your washing machine, dishwasher and car charging in the cheapest hours instead of the evening peak saves about 4.5¢/kWh per kWh moved (Michigan (MISO hub)).
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 10,641 kWh a year at 6.8¢/kWh.
Solar potential in Traverse City
1 kWp of solar panels produces about 1,356 kWh a year here. ($312 per year)
Not yet available for Traverse City: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
More cities in Michigan
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