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Living in
Troy.
About
Life in Troy
Troy is a solidly upper-middle-class suburb with real economic stability—unemployment sits at 3.3%, median household income hovers around $119,000, and 64% of residents hold college degrees. This is a business-first community where corporate parks and office towers matter more than tourism, though it does have the Somerset Collection mall and some historical attractions like Troy Historic Village if you want occasional weekend activity. Housing costs are meaningful; expect median home values around $420,000 and rent around $1,602 monthly, which reflects the affluent character of the area.
Troy at a Glance
Population, income, housing and more
Median Age
42.0 yrs
Poverty Rate
5.4%
Foreign-Born
30.9%
Broadband Internet
95.9%
of households
Population Growth
+1.6%
recent change · Census Bureau
Median household income
Demographics30.9% foreign-born, most often from India
Who lives in Troy: race and ethnicity, ages, households, languages and countries of origin
In Troy, the largest foreign-born group is from India (36.4%), and 10.7% of residents speak Other Indo-European at home.
Under 18
20.6%
of residents
65 and Older
17.9%
of residents
Households with Kids
31.5%
anyone under 18
Living Alone
25.5%
of households
Married Couples
60.5%
of households
Avg Household Size
2.63
people
Race & Ethnicity
Hispanic or Latino of any race; other groups are non-Hispanic
Top countries of origin (foreign-born)
Languages Spoken at Home
Cost of Livingrent 42% above MI average
Rent, home values, and income in Troy
In Troy, rent runs 42% above the MI average, and home values are 81% above the MI average.
Median rent (per month)
Median home value
Rent Burdened
32.3%
spending 30%+ of income on rent
Severely Rent Burdened
13.4%
spending 50%+
Cost of Living Index
100.3
metro area (BEA) · US avg = 100
Median Property Tax
$5,267
per year, owner-occupied homes
Homeowners
73.3%
of occupied homes are owned
Typical Home Built
1977
median year built
Vacant Homes
4.3%
of housing units
Home Value Trend
Latest: $454,091 (September 2026)
Jobs & Economyunemployment 1.9 pts below MI average
Unemployment in Troy and typical pay across the metro area
Unemployment in Troy is 1.9 percentage points lower than the MI average.
Unemployment rate
City-level rate · BLS annual average
Unemployment Rate — 10 Year Trend
City-level (BLS) · Annual averages
What Troy Residents Do for Work · share of employed residents by industry
City residents, wherever they work
Median Salary by Occupation · metro area
Detroit-Warren-Dearborn, MI metro area
Commute23.7 min avg
How Troy residents get to work, and the nearest airports
In Troy, most residents drive alone to work (69%), and 65% get there in under 30 minutes.
How People Get to Work
Commute Time Distribution
Nearest airports · with airline service
- 29 mi
Detroit Metropolitan Wayne County Airport (DTW)
Major hub16.3M passengers boarded in 2025
Straight-line distance. Size is the FAA’s hub category, based on passenger traffic: regional airports may have only a few flights a day.
Safetyviolent crime 72% below national average
Crime rates for 2025
Violent crime in Troy runs 72% below the national average.
Violent Crime Rate
92.5
per 100,000 residents
Below average (329 national, 2025)
Property Crime Rate
928.2
per 100,000 residents
Below average (1,552 national, 2025)
Troy Police Department
Natural DisastersThunderstorm Wind most common — 13 events in 2025
Natural hazard risk, storms and earthquakes
FEMA National Risk Index
Relatively High
97.5 / 100
Compares expected losses from natural hazards, social vulnerability and community resilience against every US county (higher = more risk).
Oakland County, county-wide · FEMA NRI December 2025
In Oakland County, which includes Troy, the most common type is thunderstorm wind, with 13 recorded events in 2025.
Most common events:
Storm events by year
| Year | Events | Top Type | Property Damage |
|---|---|---|---|
| 2025 | 13 | Thunderstorm Wind | $40,500 |
| 2024 | 11 | Thunderstorm Wind | $20,000 |
| 2023 | 14 | Thunderstorm Wind | $18.0M |
| 2022 | 6 | Thunderstorm Wind | $85,000 |
| 2021 | 21 | Thunderstorm Wind | $17.9M |
| 2020 | 11 | Thunderstorm Wind | $1.0M |
| 2019 | 17 | Thunderstorm Wind | $1.0M |
| 2018 | 13 | Thunderstorm Wind | $11.0M |
Property damage is the National Weather Service's estimate filed with each event. “None reported” means the events were logged with $0 damage; “Not estimated” means no estimate was filed. Storms covering several counties aren't counted here, since NOAA doesn't split their damage by county.
2 earthquakes of magnitude 2.5+ within 100 miles in the past year
Oakland County, county-wide
Air Quality41 median AQI — Good
Days by air quality category (2025)
Air quality in Oakland County, which includes Troy, is typically good — 242 good-air days per year.
Median AQI
41
Good Days
242
per year
Moderate Days
99
per year
Unhealthy Days
2
per year
Oakland County, county-wide
Climate80°F summers, 20°F winters
30-year climate averages (1991–2020) — monthly temperatures and precipitation
Troy has warm summers (avg high 80°F) and very cold winters (avg low 20°F).
Spring (Mar–May)
57°/37°F
avg high / low
Summer (Jun–Aug)
80°/61°F
avg high / low
Fall (Sep–Nov)
61°/43°F
avg high / low
Winter (Dec–Feb)
34°/20°F
avg high / low
Annual Precipitation
33.9"
Annual Snowfall
36.0"
Hot Days/Year
10
days above 90°F
Freeze Days/Year
135
days below 32°F
Rainy Days/Year
130
Average month
Show month-by-month table ↓Hide table ↑
| Month | High | Low | Precip |
|---|---|---|---|
| Jan | 31°F | 17°F | 2.18" |
| Feb | 34°F | 18°F | 1.87" |
| Mar | 44°F | 26°F | 2.19" |
| Apr | 58°F | 36°F | 2.94" |
| May | 69°F | 49°F | 3.81" |
| Jun | 78°F | 59°F | 3.29" |
| Jul | 82°F | 63°F | 3.14" |
| Aug | 81°F | 62°F | 3.24" |
| Sep | 74°F | 54°F | 2.92" |
| Oct | 61°F | 42°F | 2.90" |
| Nov | 47°F | 32°F | 3.15" |
| Dec | 36°F | 24°F | 2.25" |
Healthcare1 hospital, avg 4.0/5
Hospitals, ratings, and health insurance in Troy
Troy has 1 hospital, averaging 4.0 out of 5 on CMS's quality rating — above-average care.
Hospitals
1
within city limits
Uninsured
2.8%
of residents
Avg Hospital Rating
4.0 / 5
Beaumont Hospital, Troy
Acute Care Hospitals · ER available
- Main campus: Beaumont Hospital, Troy · 44201 Dequindre Road
- Outpatient center: Beaumont Medical Center · 6700 N Rochester Rd, Rochester Hills
Nearby hospitals · within 15 miles
Beaumont Hospital Royal Oak
Acute Care Hospitals · ER available · 5 mi away · Royal Oak
The Behavioral Center of Michigan
Psychiatric · 6.6 mi away · Warren
Ascension Providence Rochester Hospital
Acute Care Hospitals · ER available · 6.9 mi away · Rochester
Adult Health · vs. the typical US place
Share of adults. Modeled estimates, not counted cases. “US” = the typical US place.
Medicare-certified hospitals only. Doesn’t include clinics, urgent care, or freestanding ERs. Campus locations © OpenStreetMap contributors.
Education17.5:1 student/teacher ratio
Schools and degree attainment in Troy
Troy's student/teacher ratio is 17.5:1 (higher than the national average of 16:1), and 64.8% of adults 25+ hold a bachelor's degree or higher.
Public Schools
25
within city limits
Private Schools
4
within city limits
College Degree Rate
64.8%
adults 25+ with bachelor's or higher
Student/Teacher Ratio
17.5:1
National avg 16:1
Schools located within city limits (2023) — school-level metrics change slowly year to year
Colleges & Universities in Troy
Chamberlain University-Michigan
Private for-profit · 4-year · 629 students · in-state tuition $21,655 · 82% graduate · median earnings $96,897 (10 yrs after entry)
Private nonprofit · 4-year · 445 students · 73% graduate · median earnings $73,717 (10 yrs after entry)
Nearby Colleges (within 15 miles)
Public · 2-year · 13,876 students · in-state tuition $3,745 · 18% graduate · median earnings $44,976 (10 yrs after entry)
Public · 2-year · 12,748 students · in-state tuition $3,220 · 31% graduate · median earnings $40,666 (10 yrs after entry)
Public · 4-year · 12,351 students · in-state tuition $16,176 · 63% graduate · median earnings $63,565 (10 yrs after entry)
Private nonprofit · 4-year · 2,438 students · in-state tuition $33,604 · 69% graduate · median earnings $74,106 (10 yrs after entry)
Lawrence Technological University
9.1 mi awayPrivate nonprofit · 4-year · 1,668 students · in-state tuition $45,840 · 64% graduate · median earnings $78,800 (10 yrs after entry)
Rochester Christian University
5.9 mi awayPrivate nonprofit · 4-year · 792 students · in-state tuition $30,510 · 52% graduate · median earnings $50,729 (10 yrs after entry)
Degree-granting colleges with 100+ students, placed by campus location (main campuses only — branch campuses are reported under their parent school)
Parks & Recreationclosest: River Raisin National Battlefield Park, 48 mi
Nearby national parks, recreation areas and public libraries for Troy
Troy has 2 nearby national parks or recreation areas, closest being River Raisin National Battlefield Park (48 mi away).
Nearby National Parks & Recreation Areas
River Raisin National Battlefield Park
National Battlefield Park
48 mi awayPerry's Victory & International Peace Memorial
Memorial
66 mi awayPublic Libraries in Troy
Troy Public Library
510 West Big Beaver Road, Troy
Cities Near Troy
The closest cities within 60 miles
Planning a move to Troy?
Read our full moving guide — what it's really like to live here.
Troy FAQ
Is Troy, Michigan affordable?⌄
Troy's median rent is $1,602/month, which is close to the national average. The median household income is $120,045/year. Median home value is $420,300.
Is Troy, Michigan safe?⌄
Troy's violent crime rate was 93 per 100,000 residents in 2025, which is well below the national average — one of the safer cities in the country of 329/100k that year. Property crime rate is 928 per 100,000. As with any city, crime rates vary by neighborhood.
What is the job market like in Troy, Michigan?⌄
Troy has an unemployment rate of 3.3%, which is solid, slightly below the national average of 4.3%.
What is the cost of living in Troy, Michigan?⌄
The cost of living in Troy is primarily driven by housing. Median rent is $1,602/month and median household income is $120,045/year. The median home value is $420,300. About 32% of renters spend more than 30% of their income on housing.
How is the commute in Troy, Michigan?⌄
The average commute in Troy is 24 minutes, which is about average compared to the national average of 26 minutes.
Data from the US Census Bureau, BLS, FBI, NOAA, EPA, Zillow Research and other public sources. Where our data comes from