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Troy, Indiana

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
608
Population
$52,639
Median Income
$96,800
Home Value
32.0
Median Age

Demographics

Troy has a population of 608 with a median age of 32.0. Here is the racial and ethnic breakdown of the population:

White
93.3%
Other
5.4%
Hispanic
1.3%
Demographic Value
Total Population608
Median Age32.0
White93.3%
Hispanic or Latino1.3%
Other / Two or More Races5.4%
Troy, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.3%Other: 5.4%Other: 1.3%608PopulationWhiteWhite93.3%OtherOther5.4%OtherOther1.3%

Income & Economy

The median household income in Troy is $52,639, which is 34.7% below the national median of $80,610. The per capita income is $27,056. The poverty rate is 9.4%.

$52,639
Median Household Income
$27,056
Per Capita Income
9.4%
Poverty Rate

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Education

In Troy, 93.2% of residents age 25+ have a high school diploma or higher, and 12.4% hold a bachelor's degree or higher (0.3% with a graduate or professional degree).

HS Diploma+
93.2%
Bachelor's+
12.4%
Graduate+
0.3%
Education Level % of Adults (25+)
High School Diploma or Higher93.2%
Bachelor's Degree or Higher12.4%
Graduate or Professional Degree0.3%

Housing

The median home value in Troy is $96,800, below the national median of $303,400. The median monthly rent is $939. The homeownership rate is 75.1%.

$96,800
Median Home Value
$939/mo
Median Rent
75.1%
Homeownership Rate
Housing Metric Value
Median Home Value$96,800
Median Monthly Rent$939
Homeownership Rate75.1%
Vacancy Rate6.5%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Troy, Indiana?
The population of Troy, Indiana is 608 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Troy, Indiana?
The median household income in Troy, Indiana is $52,639. This is 34.7% below the national median of $80,610.
What is the median home value in Troy, Indiana?
The median home value in Troy, Indiana is $96,800. The median monthly rent is $939.
What percentage of people in Troy have a college degree?
In Troy, Indiana, 12.4% of adults age 25 and older hold a bachelor's degree or higher, and 93.2% have a high school diploma or higher.
Is Troy, Indiana an affordable place to live?
The home price-to-income ratio in Troy, Indiana is 1.8x (median home value $96,800 vs. median income $52,639), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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