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Troy, New York

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
51,033
Population
$58,477
Median Income
$206,500
Home Value
32.3
Median Age

Demographics

Troy has a population of 51,033 with a median age of 32.3. Here is the racial and ethnic breakdown of the population:

White
63.0%
Black
16.7%
Hispanic
10.3%
Other
6.0%
Asian
4.0%
Demographic Value
Total Population51,033
Median Age32.3
White63.0%
Black or African American16.7%
Asian4.0%
Hispanic or Latino10.3%
Other / Two or More Races6.0%
Troy, New York — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 63.0%Black: 16.7%Hispanic/Latino: 10.3%Other: 6.0%Asian: 4.0%51,033PopulationWhiteWhite63.0%BlackBlack16.7%Hispanic/LatinoHispanic/Latino10.3%OtherOther6.0%AsianAsian4.0%

Income & Economy

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%.

$58,477
Median Household Income
$35,237
Per Capita Income
23.4%
Poverty Rate

Employment

The unemployment rate in Troy is 4.4%, compared to the national rate of 4.1%.

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Education

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).

HS Diploma+
89.0%
Bachelor's+
37.3%
Graduate+
15.6%
Education Level % of Adults (25+)
High School Diploma or Higher89.0%
Bachelor's Degree or Higher37.3%
Graduate or Professional Degree15.6%

Housing

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%.

$206,500
Median Home Value
$1,175/mo
Median Rent
37.4%
Homeownership Rate
Housing Metric Value
Median Home Value$206,500
Median Monthly Rent$1,175
Homeownership Rate37.4%
Vacancy Rate14.3%

Salaries in New York

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Frequently Asked Questions

What is the population of Troy, New York?
The population of Troy, New York is 51,033 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Troy, New York?
The median household income in Troy, New York is $58,477. This is 27.5% below the national median of $80,610.
What is the median home value in Troy, New York?
The median home value in Troy, New York is $206,500. The median monthly rent is $1,175.
What percentage of people in Troy have a college degree?
In Troy, New York, 37.3% of adults age 25 and older hold a bachelor's degree or higher, and 89.0% have a high school diploma or higher.
Is Troy, New York an affordable place to live?
The home price-to-income ratio in Troy, New York is 3.5x (median home value $206,500 vs. median income $58,477), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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