Troy is a city in New York state in USA with a population of 49253 residents.. The poverty rate of Troy is 23.1%, which is 65% higher than national average. The typical household in Troy earns $48834 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 12 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 51.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Troy, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Troy remained 7.7%, which is 64% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Troy, only 30% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Troy is 101, which is 1% higher than national average. Median home value in Troy is $149900 , which is 35% lower than national average. While median income in Troy remained $48834, which is 28% lower than national average.