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Troy, Illinois

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
11,647
Population
$112,434
Median Income
$268,000
Home Value
35.2
Median Age

Demographics

Troy has a population of 11,647 with a median age of 35.2. Here is the racial and ethnic breakdown of the population:

White
89.5%
Other
4.9%
Hispanic
3.6%
Black
1.3%
Asian
0.7%
Demographic Value
Total Population11,647
Median Age35.2
White89.5%
Black or African American1.3%
Asian0.7%
Hispanic or Latino3.6%
Other / Two or More Races4.9%
Troy, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 89.5%Other: 4.9%Hispanic/Latino: 3.6%Other: 2.0%11,647PopulationWhiteWhite89.5%OtherOther4.9%Hispanic/LatinoHispanic/Latino3.6%OtherOther2.0%

Income & Economy

The median household income in Troy is $112,434, which is 39.5% above the national median of $80,610. The per capita income is $47,472. The poverty rate is 2.0%.

$112,434
Median Household Income
$47,472
Per Capita Income
2.0%
Poverty Rate

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Education

In Troy, 97.5% of residents age 25+ have a high school diploma or higher, and 45.2% hold a bachelor's degree or higher (17.6% with a graduate or professional degree).

HS Diploma+
97.5%
Bachelor's+
45.2%
Graduate+
17.6%
Education Level % of Adults (25+)
High School Diploma or Higher97.5%
Bachelor's Degree or Higher45.2%
Graduate or Professional Degree17.6%

Housing

The median home value in Troy is $268,000, below the national median of $303,400. The median monthly rent is $1,116. The homeownership rate is 73.6%.

$268,000
Median Home Value
$1,116/mo
Median Rent
73.6%
Homeownership Rate
Housing Metric Value
Median Home Value$268,000
Median Monthly Rent$1,116
Homeownership Rate73.6%
Vacancy Rate8.7%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Frequently Asked Questions

What is the population of Troy, Illinois?
The population of Troy, Illinois is 11,647 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Troy, Illinois?
The median household income in Troy, Illinois is $112,434. This is 39.5% above the national median of $80,610.
What is the median home value in Troy, Illinois?
The median home value in Troy, Illinois is $268,000. The median monthly rent is $1,116.
What percentage of people in Troy have a college degree?
In Troy, Illinois, 45.2% of adults age 25 and older hold a bachelor's degree or higher, and 97.5% have a high school diploma or higher.
Is Troy, Illinois an affordable place to live?
The home price-to-income ratio in Troy, Illinois is 2.4x (median home value $268,000 vs. median income $112,434), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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