Last updated: 2024 BLS data · Page refreshed:
Troy has a population of 87,898 with a median age of 42.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 87,898 |
| Median Age | 42.0 |
| White | 61.5% |
| Black or African American | 3.8% |
| Asian | 27.8% |
| Hispanic or Latino | 2.6% |
| Other / Two or More Races | 4.3% |
The median household income in Troy is $120,045, which is 48.9% above the national median of $80,610. The per capita income is $58,119. The poverty rate is 5.4%.
The unemployment rate in Troy is 3.0%, compared to the national rate of 4.1%.
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In Troy, 95.0% of residents age 25+ have a high school diploma or higher, and 64.8% hold a bachelor's degree or higher (31.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.0% |
| Bachelor's Degree or Higher | 64.8% |
| Graduate or Professional Degree | 31.9% |
The median home value in Troy is $420,300, above the national median of $303,400. The median monthly rent is $1,602. The homeownership rate is 73.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $420,300 |
| Median Monthly Rent | $1,602 |
| Homeownership Rate | 73.3% |
| Vacancy Rate | 4.3% |
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