Last updated: 2024 BLS data · Page refreshed:
Troy has a population of 51,033 with a median age of 32.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 51,033 |
| Median Age | 32.3 |
| White | 63.0% |
| Black or African American | 16.7% |
| Asian | 4.0% |
| Hispanic or Latino | 10.3% |
| Other / Two or More Races | 6.0% |
The median household income in Troy is $58,477, which is 27.5% below the national median of $80,610. The per capita income is $35,237. The poverty rate is 23.4%.
The unemployment rate in Troy is 4.4%, compared to the national rate of 4.1%.
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In Troy, 89.0% of residents age 25+ have a high school diploma or higher, and 37.3% hold a bachelor's degree or higher (15.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.0% |
| Bachelor's Degree or Higher | 37.3% |
| Graduate or Professional Degree | 15.6% |
The median home value in Troy is $206,500, below the national median of $303,400. The median monthly rent is $1,175. The homeownership rate is 37.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $206,500 |
| Median Monthly Rent | $1,175 |
| Homeownership Rate | 37.4% |
| Vacancy Rate | 14.3% |
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