Last updated: 2024 BLS data · Page refreshed:
Troy has a population of 17,716 with a median age of 25.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 17,716 |
| Median Age | 25.3 |
| White | 50.7% |
| Black or African American | 41.7% |
| Asian | 3.2% |
| Hispanic or Latino | 2.4% |
| Other / Two or More Races | 2.0% |
The median household income in Troy is $50,717, which is 37.1% below the national median of $80,610. The per capita income is $28,552. The poverty rate is 25.0%.
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In Troy, 92.5% of residents age 25+ have a high school diploma or higher, and 39.7% hold a bachelor's degree or higher (15.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.5% |
| Bachelor's Degree or Higher | 39.7% |
| Graduate or Professional Degree | 15.4% |
The median home value in Troy is $231,400, below the national median of $303,400. The median monthly rent is $922. The homeownership rate is 47.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $231,400 |
| Median Monthly Rent | $922 |
| Homeownership Rate | 47.3% |
| Vacancy Rate | 22.6% |
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