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

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Troy, Michigan

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

Troy is a city in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Troy is located about 22 miles (35 km) north of downtown Detroit. As of the 2020 census, the city had a population of 87,294, making Troy the largest community in Oakland County, and the 13th-most-populous municipality in the state.

Troy was organized as a township in 1827, and sections of the township were later incorporated into the cities of Birmingham, Clawson, and Royal Oak. The remainder of the township was incorporated as the city of Troy in 1955.

DEMOGRAPHICS

Population
84051
Unemployment
3.6%
23% NAT AVG.
Poverty
4.9%
65% NAT AVG.
Cost Of Living
113
13% NAT AVG.

ECONOMICS

Median Home Cost
$318600
39% NAT AVG.
Median Income
$104132
54% NAT AVG.
Median Rent
$1239
7% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
818
59% NAT. AVG.
47% STATE AVG.
Violent Crime
86
74% NAT. AVG.
79% STATE AVG.
Property Crime
732
56% NAT. AVG.
36% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 20
Unemployed People
1 in 28
People Earning < $10,000
1 in 25
People Earning < $50,000
20.3%
People With Any Degree
1 in 1.5

ETHNICITY

Ethnicity Troy USA
White 65.8% 60.1%
African American 3.3% 12.2%
American Indian 0.1% 0.6%
Asian 26% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.9% 2.8%
Hispanic 2.3% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Troy USA
Less than $10,000 4% 5.8%
$10,000 to $14,999 1.9% 4.1%
$15,000 to $24,999 4.2% 8.5%
$25,000 to $34,999 4.4% 8.6%
$35,000 to $49,999 5.8% 12.0%
$50,000 to $74,999 13.5% 17.2%
$75,000 to $99,999 13.9% 12.8%
$100,000 to $149,999 21.9% 15.6%
$150,000 to $199,999 12.5% 7.1%

EDUCATION

Education Troy USA
< 9th Grade 3% 5.0%
9-12th Grade 2% 7.0%
High School or GED 13% 27.0%
Other College 14% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 33% 20.0%
Master's Degree 21% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 3% 1.0%
Troy is a city in Michigan state in USA with a population of 84051 residents.. The poverty rate of Troy is 4.9%, which is 65% lower than national average. The typical household in Troy earns $104132 a year, compared to the national median of $67,500. Nearly 20.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Troy remained 3.6%, which is 23% lower than national rate.

Cost of living in Troy is 113, which is 13% higher than national average. In Troy, only 61% of adults have a bachelor's degree and 21% have some college but no degree. Median home value in Troy is $318600 , which is 39% higher than national average. While median income in Troy remained $104132, which is 54% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Troy Scorecard

Jobs85%

Housing85%

Affordability80%

Safety85%

Amenities90%

Diversity85%

Education90%

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