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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
$447,005 Zillow
$1,557
Median Rent
25.9% income on rent
51°F
Avg Temperature
252 sunny days/yr
79
Violent Crime/100K
1,230 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$119,299 median income, 2.7% unemployment
A+
Affordability
4.8 / 5.0
$396,800 home value, $1,557/mo rent
F
Safety
1.0 / 5.0
79 violent crimes/100K
A+
Education
5.0 / 5.0
64.1% bachelor's degree or higher
Income Overview
Median Household Income
$119,299
59% above
US avg: $75,149
Per Capita Income
$56,542
45% above
US avg: $39,052
Unemployment Rate
2.7%
25% below
US avg: 3.6%
Poverty Rate
3.3%
73% below
US avg: 12.4%
Income Comparison: Troy vs. U.S. Average
Each bar shows Troy’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$119,299
159%
Per Capita
US: $39,052
$56,542
145%
IRS Avg AGI
US: $72,000
$117,718
163%
Avg Weekly Wage
US: $1,432
$1,498
105%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,498
5% above US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
20.2%
33% above US avg (15.2%)
Drive Alone
71.8%
2% below US avg (73.2%)
Public Transit
0.2%
97% below US avg (5.0%)
County GDP
$143,144M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
71.8%
Public Transit
0.2%
Work From Home
20.2%
Other
7.8%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
43,047
Restaurants
3,099
Healthcare
5,524
Retail
4,518
Manufacturing
1,635
Tax & Financial
IRS Avg Adjusted Gross Income
$117,718
63% above US avg ($72,000)
Avg Property Tax
$8,369
139% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $119,299 |
| Per Capita Income | $56,542 |
| IRS Avg Adjusted Gross Income | $117,718 |
| Avg Weekly Wage | $1,498 |
| County GDP | $143,144M |
Hardship Indicators
| Unemployment Rate | 2.7% |
| Poverty Rate | 3.3% |
| Gini Coefficient | 0.467 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 71.8% |
| Public Transit | 0.2% |
| Work From Home | 20.2% |
Businesses
| Total Establishments | 43,047 |
| Restaurants | 3,099 |
| Healthcare | 5,524 |
| Retail | 4,518 |
| Manufacturing | 1,635 |
Tax
| IRS Avg AGI | $117,718 |
| Avg Property Tax | $8,369 |