Pros and Cons of Living In Troy, Michigan. Is Troy, MI a Nice Place To Live or Retire?

Troy, Michigan

Moving to Troy In Michigan ? Is Troy, MI a Nice Place To Live? Pros and Cons of Living in Troy, Michigan. Find out the best and worst about to live, raise a family or retire in Troy.

Troy is a city in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Troy is located about 22 miles (35 km) north of downtown Detroit. As of the 2020 census, the city had a population of 87,294, making Troy the largest community in Oakland County, and the 13th-most-populous municipality in the state.

Troy was organized as a township in 1827, and sections of the township incorporated much later into the cities of Birmingham, Clawson, and Royal Oak. The remainder of the township incorporated as the present-day city of Troy in 1955.

Troy has office centers and the Somerset Collection mall.

DEMOGRAPHICS

Population
84051
Unemployment
3.6%
23% NAT AVG.
Poverty
4.9%
65% NAT AVG.
Cost Of Living
113
13% NAT AVG.

ECONOMICS

Median Home Cost
$318600
39% NAT AVG.
Median Income
$104132
54% NAT AVG.
Median Rent
$1239
7% NAT AVG.
Overall Score
9.5

CRIME REPORT

Total Crime
818
59% NAT. AVG.
47% STATE AVG.
Violent Crime
86
74% NAT. AVG.
79% STATE AVG.
Property Crime
732
56% NAT. AVG.
36% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 20
Unemployed People
1 in 28
People Earning < $10,000
1 in 25
People Earning < $50,000
20.3%
People With Any Degree
1 in 1.5

ETHNICITY

Ethnicity Troy USA
White 65.8% 60.1%
African American 3.3% 12.2%
American Indian 0.1% 0.6%
Asian 26% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.9% 2.8%
Hispanic 2.3% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Troy USA
Less than $10,000 4% 5.8%
$10,000 to $14,999 1.9% 4.1%
$15,000 to $24,999 4.2% 8.5%
$25,000 to $34,999 4.4% 8.6%
$35,000 to $49,999 5.8% 12.0%
$50,000 to $74,999 13.5% 17.2%
$75,000 to $99,999 13.9% 12.8%
$100,000 to $149,999 21.9% 15.6%
$150,000 to $199,999 12.5% 7.1%

EDUCATION

Education Troy USA
< 9th Grade 3% 5.0%
9-12th Grade 2% 7.0%
High School or GED 13% 27.0%
Other College 14% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 33% 20.0%
Master's Degree 21% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 3% 1.0%
Troy is a city in Michigan state in USA with a population of 84051 residents.. The poverty rate of Troy is 4.9%, which is 65% lower than national average. The typical household in Troy earns $104132 a year, compared to the national median of $67,500. Nearly 20.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Troy remained 3.6%, which is 23% lower than national rate.

Cost of living in Troy is 113, which is 13% higher than national average. In Troy, only 61% of adults have a bachelor's degree and 21% have some college but no degree. Median home value in Troy is $318600 , which is 39% higher than national average. While median income in Troy remained $104132, which is 54% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Troy Scorecard

Jobs85%

Housing85%

Affordability80%

Safety85%

Amenities90%

Diversity85%

Education90%

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