Troy has a population of 87,170 with a median age of 42.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 87,170 |
| Median Age | 42.1 |
| White | 64.6% |
| Black or African American | 4.0% |
| Asian | 26.0% |
| Hispanic or Latino | 2.6% |
| Other / Two or More Races | 2.8% |
The median household income in Troy is $115,639, which is 53.9% above the national median of $75,149. The per capita income is $54,762. The poverty rate is 5.9%.
The unemployment rate in Troy is 3.9%, compared to the national rate of 5.4%.
In Troy, 96.1% of residents age 25+ have a high school diploma or higher, and 62.9% hold a bachelor's degree or higher (30.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.1% |
| Bachelor's Degree or Higher | 62.9% |
| Graduate or Professional Degree | 30.7% |
The median home value in Troy is $375,600, above the national median of $281,900. The median monthly rent is $1,461. The homeownership rate is 75.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $375,600 |
| Median Monthly Rent | $1,461 |
| Homeownership Rate | 75.0% |
| Vacancy Rate | 4.9% |
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