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Troy, Alabama

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
17,716
Population
$50,717
Median Income
$231,400
Home Value
25.3
Median Age

Demographics

Troy has a population of 17,716 with a median age of 25.3. Here is the racial and ethnic breakdown of the population:

White
50.7%
Black
41.7%
Asian
3.2%
Hispanic
2.4%
Other
2.0%
Demographic Value
Total Population17,716
Median Age25.3
White50.7%
Black or African American41.7%
Asian3.2%
Hispanic or Latino2.4%
Other / Two or More Races2.0%
Troy, Alabama — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 50.7%Black: 41.7%Asian: 3.2%Hispanic/Latino: 2.4%Other: 2.0%17,716PopulationWhiteWhite50.7%BlackBlack41.7%AsianAsian3.2%Hispanic/LatinoHispanic/Latino2.4%OtherOther2.0%

Income & Economy

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%.

$50,717
Median Household Income
$28,552
Per Capita Income
25.0%
Poverty Rate

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Education

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).

HS Diploma+
92.5%
Bachelor's+
39.7%
Graduate+
15.4%
Education Level % of Adults (25+)
High School Diploma or Higher92.5%
Bachelor's Degree or Higher39.7%
Graduate or Professional Degree15.4%

Housing

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%.

$231,400
Median Home Value
$922/mo
Median Rent
47.3%
Homeownership Rate
Housing Metric Value
Median Home Value$231,400
Median Monthly Rent$922
Homeownership Rate47.3%
Vacancy Rate22.6%

Salaries in Alabama

Explore salary data for popular occupations in Alabama:

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Other Cities in Alabama

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Frequently Asked Questions

What is the population of Troy, Alabama?
The population of Troy, Alabama is 17,716 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Troy, Alabama?
The median household income in Troy, Alabama is $50,717. This is 37.1% below the national median of $80,610.
What is the median home value in Troy, Alabama?
The median home value in Troy, Alabama is $231,400. The median monthly rent is $922.
What percentage of people in Troy have a college degree?
In Troy, Alabama, 39.7% of adults age 25 and older hold a bachelor's degree or higher, and 92.5% have a high school diploma or higher.
Is Troy, Alabama an affordable place to live?
The home price-to-income ratio in Troy, Alabama is 4.6x (median home value $231,400 vs. median income $50,717), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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