Economy, jobs and prices in Troy, Michigan: official figures
The median household income in Troy was $120,045 a year in the 2020-2024 American Community Survey (in 2024 dollars), 105th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Michigan median $72,875.
What is the per capita income in Troy?
Income per resident (per capita income) in Troy averaged $58,119 a year in 2020-2024, 129th highest of 823 US cities of 50,000 or more (US: $44,673; Michigan: $40,735).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Troy?
Troy's Gini index of household income inequality was 0.424 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 224th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Troy, Michigan?
4.4% of the civilian labor force in Troy was unemployed on average over 2020-2024 (2,074 people), 239th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Michigan's 5.7%.
Source: U.S. Census Bureau · saved copyHow many people in Troy have jobs?
45,485 residents of Troy held civilian jobs, 62.9% of those aged 16 and over (US: 59.7%), and 87 served in the armed forces.
Source: U.S. Census Bureau · saved copyWhat are the main industries in Troy?
The largest industry group for working residents of Troy was education, health care and social assistance (22.2% of employed residents), followed by manufacturing (20.8%) and professional, scientific, management and administrative services (18.1%), 2020-2024.
Source: U.S. Census Bureau · saved copyHow many people in Troy work in manufacturing?
Manufacturing employed 20.8% of working residents of Troy, 23rd highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 18.1% (US: 12.6%).
Source: U.S. Census Bureau · saved copyHow long is the commute in Troy, Michigan?
Commuters in Troy took 23.7 minutes on average to get to work in 2020-2024, 354th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 3.7% travelled an hour or more and 26.3% less than 15 minutes.
Source: U.S. Census Bureau · saved copyHow do people in Troy get to work?
22.5% of workers living in Troy worked from home in 2020-2024, 148th highest of 823 US cities of 50,000 or more (US: 15.1%). 69.3% drove to work alone, 6.2% carpooled, 0.2% used public transport and 0.7% walked.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Troy, Michigan?
The median gross rent (rent plus utilities) in Troy was $1,602 a month in 2020-2024, 405th highest of 823 US cities of 50,000 or more (US: $1,413; Michigan: $1,129).
Source: U.S. Census Bureau · saved copyHow much does a house cost in Troy?
Owner-occupied homes in Troy had a median value of $420,300 in 2020-2024 as estimated by their owners, 362nd highest of 823 US cities of 50,000 or more (US: $332,700; Michigan: $231,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Troy?
The median home value in Troy was 3.5 times the median household income, 196th lowest of 823 US cities of 50,000 or more (US: 4.1 times).
Source: U.S. Census Bureau · saved copyHow many households in Troy have no internet?
2.4% of households in Troy (805) had no internet access at home in 2020-2024, 131st lowest of 823 US cities of 50,000 or more (US: 6.5%); 8.7% relied on a cellular data plan alone (US: 11.5%).
Source: U.S. Census Bureau · saved copyHow Troy compares with other cities in the United States
Median household income (2024 dollars) (2020-2024)
Troy ranks 105 of 823, highest first.
| Rank | City | Median household income (2024 dollars) |
|---|---|---|
| 102 | Rochester Hills | $120,694 |
| 103 | Huntersville | $120,516 |
| 104 | Waltham | $120,216 |
| 105 | Troy | $120,045 |
| 106 | Wheaton | $120,008 |
| 107 | Alexandria | $119,681 |
| 108 | Franklin | $119,528 |
Per capita income (2024 dollars) (2020-2024)
Troy ranks 129 of 823, highest first.
| Rank | City | Per capita income (2024 dollars) |
|---|---|---|
| 126 | Waltham | $58,449 |
| 127 | Delray Beach | $58,236 |
| 128 | Draper | $58,193 |
| 129 | Troy | $58,119 |
| 130 | Rocklin | $58,054 |
| 131 | Bentonville | $58,047 |
| 132 | Union City | $57,977 |
Gini index of household income inequality (2020-2024)
Troy ranks 600 of 823, highest first.
| Rank | City | Gini index of household income inequality |
|---|---|---|
| 597 | Lebanon | 0.425 |
| 598 | Chula Vista | 0.424 |
| 599 | Miami Gardens | 0.424 |
| 600 | Troy | 0.424 |
| 601 | Fremont | 0.424 |
| 602 | Kent | 0.423 |
| 603 | Placentia | 0.423 |
Unemployment rate (share of civilian labor force) (2020-2024)
Troy ranks 585 of 823, highest first.
| Rank | City | Unemployment rate (share of civilian labor force) |
|---|---|---|
| 582 | Raleigh | 4.4% |
| 583 | St. Clair Shores | 4.4% |
| 584 | Castle Rock | 4.4% |
| 585 | Troy | 4.4% |
| 586 | Pocatello | 4.4% |
| 587 | Kansas City | 4.4% |
| 588 | Lewisville | 4.3% |
Labor force participation rate (16 and over) (2020-2024)
Troy ranks 402 of 823, highest first.
| Rank | City | Labor force participation rate (16 and over) |
|---|---|---|
| 399 | Federal Way | 65.9% |
| 400 | Mount Prospect | 65.9% |
| 401 | Mishawaka | 65.9% |
| 402 | Troy | 65.9% |
| 403 | Milpitas | 65.9% |
| 404 | Tinley Park | 65.8% |
| 405 | Wichita | 65.8% |
Mean travel time to work (minutes) (2020-2024)
Troy ranks 470 of 823, highest first.
| Rank | City | Mean travel time to work (minutes) |
|---|---|---|
| 467 | Bristol | 23.7 |
| 468 | Austin | 23.7 |
| 469 | Vineland | 23.7 |
| 470 | Troy | 23.7 |
| 471 | Burlington | 23.7 |
| 472 | Denton | 23.7 |
| 473 | Southfield | 23.7 |
Workers who worked from home (2020-2024)
Troy ranks 148 of 823, highest first.
| Rank | City | Workers who worked from home |
|---|---|---|
| 145 | Farmington Hills | 22.8% |
| 146 | Arcadia | 22.7% |
| 147 | Wylie | 22.7% |
| 148 | Troy | 22.5% |
| 149 | Lincoln | 22.5% |
| 150 | Apple Valley | 22.4% |
| 151 | Pittsburgh | 22.4% |
Workers commuting by public transportation (2020-2024)
Troy ranks 743 of 823, highest first.
| Rank | City | Workers commuting by public transportation |
|---|---|---|
| 740 | Olathe | 0.2% |
| 741 | St. Charles | 0.2% |
| 742 | Conway | 0.2% |
| 743 | Troy | 0.2% |
| 744 | Livonia | 0.2% |
| 745 | Bismarck | 0.2% |
| 746 | Menifee | 0.2% |
Employed residents working in manufacturing (2020-2024)
Troy ranks 23 of 823, highest first.
| Rank | City | Employed residents working in manufacturing |
|---|---|---|
| 20 | Battle Creek | 20.9% |
| 21 | Reading | 20.9% |
| 22 | Green Bay | 20.8% |
| 23 | Troy | 20.8% |
| 24 | Appleton | 20.6% |
| 25 | Sioux City | 20.2% |
| 26 | Waukegan | 19.9% |
Employed residents in education, health care and social assistance (2020-2024)
Troy ranks 489 of 823, highest first.
| Rank | City | Employed residents in education, health care and social assistance |
|---|---|---|
| 486 | Shawnee | 22.2% |
| 487 | Ocoee | 22.2% |
| 488 | Pico Rivera | 22.2% |
| 489 | Troy | 22.2% |
| 490 | Tulsa | 22.2% |
| 491 | Inglewood | 22.2% |
| 492 | Frederick | 22.2% |
Median gross rent per month (2020-2024)
Troy ranks 405 of 823, highest first.
| Rank | City | Median gross rent per month |
|---|---|---|
| 402 | Fishers | $1,611 |
| 403 | Sanford | $1,609 |
| 404 | Des Plaines | $1,606 |
| 405 | Troy | $1,602 |
| 406 | Palm Bay | $1,601 |
| 407 | Stonecrest | $1,601 |
| 408 | Cathedral City | $1,601 |
Median value of owner-occupied homes (2020-2024)
Troy ranks 362 of 823, highest first.
| Rank | City | Median value of owner-occupied homes |
|---|---|---|
| 359 | Phoenix | $420,700 |
| 360 | Little Elm | $420,700 |
| 361 | Tampa | $420,400 |
| 362 | Troy | $420,300 |
| 363 | Delray Beach | $420,300 |
| 364 | Buckeye | $419,800 |
| 365 | West Valley City | $419,100 |
Median home value as a multiple of median household income (2020-2024)
Troy ranks 625 of 820, highest first.
| Rank | City | Median home value as a multiple of median household income |
|---|---|---|
| 622 | Collierville | 3.5x |
| 623 | Temple | 3.5x |
| 624 | Burlington | 3.5x |
| 625 | Troy | 3.5x |
| 626 | Louisville/Jefferson County metro government | 3.5x |
| 627 | Gulfport | 3.5x |
| 628 | Greer | 3.5x |
Occupied homes lived in by their owners (2020-2024)
Troy ranks 103 of 823, highest first.
| Rank | City | Occupied homes lived in by their owners |
|---|---|---|
| 100 | Lee's Summit | 73.4% |
| 101 | Leander | 73.4% |
| 102 | Warwick | 73.3% |
| 103 | Troy | 73.3% |
| 104 | Lake Havasu City | 73.2% |
| 105 | Ocoee | 73.2% |
| 106 | Gilbert | 73.1% |
Households with a broadband subscription (2020-2024)
Troy ranks 115 of 823, highest first.
| Rank | City | Households with a broadband subscription |
|---|---|---|
| 112 | Arvada | 96.0% |
| 113 | San Marcos | 95.9% |
| 114 | Huntington Beach | 95.9% |
| 115 | Troy | 95.9% |
| 116 | Chino | 95.9% |
| 117 | Santa Clara | 95.9% |
| 118 | Grapevine | 95.9% |
Households with no internet access (2020-2024)
Troy ranks 693 of 823, highest first.
| Rank | City | Households with no internet access |
|---|---|---|
| 690 | Yorba Linda | 2.4% |
| 691 | Novi | 2.4% |
| 692 | Chino | 2.4% |
| 693 | Troy | 2.4% |
| 694 | Redwood City | 2.4% |
| 695 | Cambridge | 2.4% |
| 696 | Encinitas | 2.4% |
More on Troy: overview · health · education and schools · poverty and living standards · government budget · all cities in the United States
Sources
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08013: Aggregate Travel Time to Work (in Minutes) of Workers by Sex (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 6939fdfa046fd5bb829ec8da9549e66298cc740f6a3f5dd60e1920a08e3083fb), read 23 October 2026 · saved copy (SHA-256 5f94e7878b6a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B23025: Employment Status for the Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 264a5bd9367c5f58d9773fa4966fa94fe1e02f9c7106bc2ab39168d6de7c3e4a), read 23 October 2026 · saved copy (SHA-256 2630e6946370…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19083: Gini Index of Income Inequality (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 338f7a1191eaaf3913913e78c36aaa9d82f2b5c8faaf889be2e597b28869205e), read 23 October 2026 · saved copy (SHA-256 b8cf854b1f94…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table C24030: Sex by Industry for the Civilian Employed Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 66a2799a71a5fc36f0e3bc22767fe5bdd8f96eb29e85b91311e990d35cc14114), read 23 October 2026 · saved copy (SHA-256 5d717c57e7e4…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19013: Median Household Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b25a176b0e6c339b6f3a2a0d3d8446bf06f5f080b4395993ec9a8313efb1c229), read 23 October 2026 · saved copy (SHA-256 1d8a264807c6…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08301: Means of Transportation to Work (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 552b24c135b6e7c566910914a861cda6fc798ba0cd47801b1eb64295a128c2ee), read 23 October 2026 · saved copy (SHA-256 eaf823006d53…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19301: Per Capita Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 9fc107e98fee7fa49bb8314560205569184fad65fb64b80adb5c5bdd83ccc409), read 23 October 2026 · saved copy (SHA-256 24c1e725b26a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25064: Median Gross Rent (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b36e6dc1fcef36b8b307d31b37517b64c80d8b9c70d48c9b1894242860f42eb0), read 23 October 2026 · saved copy (SHA-256 b842a7ff825c…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25077: Median Value (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 89eb2153764a2330b23959d8bbc29b3a8f3016f087b990f2a8ea0d5096d9a816), read 23 October 2026 · saved copy (SHA-256 22b59a3b1acb…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B28002: Presence and Types of Internet Subscriptions in Household (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 12446ff0691b8818f5908cdc398817361772c5b3078c506d0409adc9c841840b), read 23 October 2026 · saved copy (SHA-256 4b375b368bf9…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25003: Tenure (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 68e963e1ed60fcf6b0658579cefc6498b7a9eb780b9f3e87fd1b9775c4d4ac6c), read 23 October 2026 · saved copy (SHA-256 2983c28f47fa…)
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