Pros and Cons of Living In Troy, Alabama. Is Troy, AL a Nice Place To Live or Retire?

Troy, Alabama

Moving to Troy In Alabama ? Is Troy, AL a Nice Place To Live? Pros and Cons of Living in Troy, Alabama. Find out the best and worst about to live, raise a family or retire in Troy.

Troy is a city in and the county seat of Pike County, Alabama, United States. It was formally incorporated on February 4, 1843.

Between 1763 and 1783, the area where Troy sits was part of the colony of British West Florida. After 1783, the region fell under the jurisdiction of the newly created United States of America.

As of the 2020 census, its population was 17,727, down from 18,033 in 2010. The 2022 estimated population was 17,774. The City of Troy had previously been considered one of the fastest-growing cities in Alabama. Troy is home to Troy University, the fourth-largest university in total enrollment in Alabama.

DEMOGRAPHICS

Population
18995
Unemployment
3.8%
19% NAT AVG.
Poverty
26.4%
89% NAT AVG.
Cost Of Living
87
13% NAT AVG.

ECONOMICS

Median Home Cost
$160800
30% NAT AVG.
Median Income
$34603
49% NAT AVG.
Median Rent
$740
36% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
1264
181% NAT. AVG.
155% STATE AVG.
Violent Crime
303
308% NAT. AVG.
249% STATE AVG.
Property Crime
961
156% NAT. AVG.
135% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 26
People Earning < $10,000
1 in 6
People Earning < $50,000
58.6%
People With Any Degree
1 in 2.4

ETHNICITY

Ethnicity Troy USA
White 54.8% 60.1%
African American 38.9% 12.2%
American Indian 0.3% 0.6%
Asian 3.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 0.9% 2.8%
Hispanic 1.4% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Troy USA
Less than $10,000 16.7% 5.8%
$10,000 to $14,999 7.2% 4.1%
$15,000 to $24,999 16.3% 8.5%
$25,000 to $34,999 10% 8.6%
$35,000 to $49,999 8.4% 12.0%
$50,000 to $74,999 14.7% 17.2%
$75,000 to $99,999 7.8% 12.8%
$100,000 to $149,999 10.8% 15.6%
$150,000 to $199,999 5.4% 7.1%

EDUCATION

Education Troy USA
< 9th Grade 1% 5.0%
9-12th Grade 7% 7.0%
High School or GED 26% 27.0%
Other College 24% 20.0%
Associate's Degree 3% 9%
Bachelor's Degree 19% 20.0%
Master's Degree 12% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 4% 1.0%
Troy is a city in Alabama state in USA with a population of 18995 residents.. The poverty rate of Troy is 26.4%, which is 89% higher than national average. The typical household in Troy earns $34603 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 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 58.6% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Troy remained 3.8%, which is 19% lower than national rate.

Cost of living in Troy is 87, which is 13% lower than national average. In Troy, only 39% of adults have a bachelor's degree and 27% have some college but no degree. Median home value in Troy is $160800 , which is 30% lower than national average. While median income in Troy remained $34603, which is 49% lower than national average.
Troy Scorecard

Jobs60%

Housing60%

Affordability40%

Safety80%

Amenities80%

Diversity90%

Education85%

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