Troy, MI

Full City Profile · Michigan · Oakland County County

3.9 /5.0
B+ Good
87,307 Population 2,610/sq mi density
$119,299 Median Income $56,542 per capita
$396,800 Home Value $458,678 Zillow
$1,557 Median Rent 25.9% income on rent
49°F Avg Temperature
116 Violent Crime/100K 1,285 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$119,299 median income, 4.0% unemployment
A+
Affordability
4.8 / 5.0
$396,800 home value, $1,557/mo rent
F
Safety
1.0 / 5.0
116 violent crimes/100K
A+
Education
5.0 / 5.0
64.1% bachelor's degree or higher

Troy, MI

At a Glance

Median Income
$119,299
59% above
$56,542 per capita
Home Value
$396,800
41% above
Zillow: $458,678
Median Rent
$1,557/mo
34% above
25.9% of income on rent
Violent Crime
116/100K
70% below
1,285/100K property
Bachelor's Degree+
64.1%
90% above
95.8% high school+
Unemployment
4.0%
11% above
3.3% poverty rate
Obesity Rate
25.9%
19% below
8.8% smoking rate
Avg Temperature
49°F

How Troy Compares to the U.S. Average

Each bar shows Troy's value as a percentage of the national average (100% = U.S. avg)

Income
159%
Home Value
141%
Rent
134%
Poverty
27%
Bachelor's
190%
Unemployment
111%
Crime
30%
Thin vertical line = U.S. national average (100%)

Is Troy a Good Place to Live?

B+
3.9 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Troy residents earn a median household income of $119,299 , which is 59% above the national average of $75,149. Per capita income is $56,542. The unemployment rate stands at 4.0% (11% above the U.S. rate of 3.6%). 3.3% of residents live below the poverty line. The area is home to 43,047 business establishments, including 3,099 restaurants.

Housing & Cost of Living

The median home value in Troy is $396,800 , 41% above the national median of $281,900. Zillow estimates the typical home at $458,678. Median rent is $1,557/month, with 25.9% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1977.

Safety & Crime

Troy reports 116 violent crimes per 100,000 residents , which is 70% below the national average of 380/100K. Property crime is 1,285/100K. The murder rate is 0.0/100K.

Education

64.1% of adults in Troy hold a bachelor's degree or higher (90% above the national average). 95.8% have completed high school. Local schools score 6.1/10 in standardized testing.

Climate & Weather

Troy has an average annual temperature of 49°F (10°C). Winters average 24°F in January while summers reach 73°F in July. Annual precipitation totals 33.9 inches. Air quality is rated Good with a median AQI of 45.

Data Overview

People

Population87,307
Median Age42.2 yrs
Density2,610/mi²
Male / Female52% / 48%
Foreign Born29.8%
Veterans4.1%

Economy

A+
Median Income$119,299
Per Capita$56,542
Unemployment4.0%
Poverty3.3%
County GDP$143,144M
Avg Weekly Wage$1,498

Housing

A+
Home Value$396,800
Rent$1,557
Ownership74.2%
Zillow$458,678
Housing Units34,691
Rent Burden25.9%

Crime

F
Violent116/100K
Property1,285/100K
Murder0.0/100K
Assault72/100K
Burglary82/100K

Health

Obesity25.9%
Diabetes8.0%
Smoking8.8%
Heart Disease4.4%
Premature Death6,101/100K

Climate

Avg Temp49°F
Rain33.9 in/yr
AQI45 (Good)
Elevation702 ft

Education

A+
Bachelor's+64.1%
High School+95.8%
Graduate+30.7%
School Score6.1/10

Community

2024 VoteR 44% / D 54%
Commute25 min
Broadband95.9%
Internet Speed154 Mbps
EV Stations61
Libraries40

Did You Know?

The median home in Troy was built in 1977.
20.2% work from home.
The nearest airport is Oakland County International (15 miles).
The Gini coefficient (income inequality) is 0.467 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
9.1% of the population has a disability.
29.8% of residents are foreign-born.
Average internet download speed is 154 Mbps.
There are 3,099 restaurants in the area.
The county recorded 76 fatal vehicle crashes.