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Troy, MI

Comprehensive demographics, housing data, local amenities, and economic statistics for Troy.

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Community Insights

High Incomes
$131k/year
top 3% nationally
Highly Educated
30% bachelor's · 21% graduate
top 5% nationally
Leading Industries
Healthcare · Arts, Food & Hospitality · Retail
16% healthcare
Home Value Growth⬆⬆
+16.2% over 2 years
Young Adults
28% of residents
near the national average
Homeowners
77% of occupied units

People & Demographics

Total Population77,488
Households—
Under 18
21.0%
Age 18–34
28.0%
Age 35–64
34.0%
Age 65+
17.0%
Veterans
5.0%
Active Duty
0.0%

Housing & Living

Median Home Value$408,453
Median Gross Rent$2,174/mo
Owner Occupied
76.6%
Renter Occupied
23.4%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$131,257
Poverty Rate—

Key Industries

Healthcare16.0%
Professional Services1.0%
Manufacturing0.0%
Retail20.0%
Education1.0%

Amenities & Transit

Transit Score—
Walkability / Amenities—
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
30.0%
Master's or Higher
21.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Troy?›

The total population of Troy is approximately 77,488. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Do more people rent or own homes in Troy?›

The housing market in Troy is predominantly driven by homeowners, with 77% of housing units being owner-occupied and 23% being renter-occupied.

What is the education level of residents in Troy?›

In Troy, approximately 30% of adult residents hold a bachelor's degree or higher. Additionally, 21% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.