Pros and Cons of Living In Troy, New York. Is Troy, NY a Nice Place To Live or Retire?

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Troy, New York

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

DEMOGRAPHICS

Population
49253
Unemployment
7.7%
64% NAT AVG.
Poverty
23.1%
65% NAT AVG.
Cost Of Living
101
1% NAT AVG.

ECONOMICS

Median Home Cost
$149900
35% NAT AVG.
Median Income
$48834
28% NAT AVG.
Median Rent
$964
17% NAT AVG.
Overall Score
7

CRIME REPORT

Total Crime
1741
51% NAT. AVG.
100% STATE AVG.
Violent Crime
330
73% NAT. AVG.
85% STATE AVG.
Property Crime
1411
47% NAT. AVG.
104% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 13
People Earning < $10,000
1 in 12
People Earning < $50,000
51.1%
People With Any Degree
1 in 2.3

ETHNICITY

Ethnicity Troy USA
White 62.8% 60.1%
African American 15.9% 12.2%
American Indian 0.1% 0.6%
Asian 4.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 6.7% 2.8%
Hispanic 9.8% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Troy USA
Less than $10,000 8.1% 5.8%
$10,000 to $14,999 7.1% 4.1%
$15,000 to $24,999 12.5% 8.5%
$25,000 to $34,999 10.4% 8.6%
$35,000 to $49,999 13% 12.0%
$50,000 to $74,999 17.6% 17.2%
$75,000 to $99,999 11.3% 12.8%
$100,000 to $149,999 13.2% 15.6%
$150,000 to $199,999 4.4% 7.1%

EDUCATION

Education Troy USA
< 9th Grade 4% 5.0%
9-12th Grade 8% 7.0%
High School or GED 26% 27.0%
Other College 18% 20.0%
Associate's Degree 14% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 9% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Troy is 101, which is 1% higher than national average. In Troy, only 30% of adults have a bachelor's degree and 32% have some college but no degree. 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.
Troy Scorecard

Jobs50%

Housing80%

Affordability60%

Safety40%

Amenities95%

Diversity90%

Education80%

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