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Troy, Tennessee

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
1,827
Population
$51,711
Median Income
$114,800
Home Value
37.3
Median Age

Demographics

Troy has a population of 1,827 with a median age of 37.3. Here is the racial and ethnic breakdown of the population:

White
98.0%
Other
1.3%
Demographic Value
Total Population1,827
Median Age37.3
White98.0%
Black or African American0.4%
Hispanic or Latino0.3%
Other / Two or More Races1.3%
Troy, Tennessee — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 98.0%Other: 2.0%1,827PopulationWhiteWhite98.0%OtherOther2.0%

Income & Economy

The median household income in Troy is $51,711, which is 35.9% below the national median of $80,610. The per capita income is $28,995. The poverty rate is 13.6%.

$51,711
Median Household Income
$28,995
Per Capita Income
13.6%
Poverty Rate

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Education

In Troy, 81.7% of residents age 25+ have a high school diploma or higher, and 20.3% hold a bachelor's degree or higher (7.2% with a graduate or professional degree).

HS Diploma+
81.7%
Bachelor's+
20.3%
Graduate+
7.2%
Education Level % of Adults (25+)
High School Diploma or Higher81.7%
Bachelor's Degree or Higher20.3%
Graduate or Professional Degree7.2%

Housing

The median home value in Troy is $114,800, below the national median of $303,400. The median monthly rent is $692. The homeownership rate is 70.8%.

$114,800
Median Home Value
$692/mo
Median Rent
70.8%
Homeownership Rate
Housing Metric Value
Median Home Value$114,800
Median Monthly Rent$692
Homeownership Rate70.8%
Vacancy Rate4.8%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Troy, Tennessee?
The population of Troy, Tennessee is 1,827 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Troy, Tennessee?
The median household income in Troy, Tennessee is $51,711. This is 35.9% below the national median of $80,610.
What is the median home value in Troy, Tennessee?
The median home value in Troy, Tennessee is $114,800. The median monthly rent is $692.
What percentage of people in Troy have a college degree?
In Troy, Tennessee, 20.3% of adults age 25 and older hold a bachelor's degree or higher, and 81.7% have a high school diploma or higher.
Is Troy, Tennessee an affordable place to live?
The home price-to-income ratio in Troy, Tennessee is 2.2x (median home value $114,800 vs. median income $51,711), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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