Troy is a medium-sized city located in the state of Alabama. With a population of 18,853 people and five constituent neighborhoods, Troy is the 32nd largest community in Alabama.
Troy real estate is some of the most expensive in Alabama, although Troy house values don't compare to the most expensive real estate in the U.S.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Troy is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Troy is a city of sales and office workers, professionals, and service providers. There are especially a lot of people living in Troy who work in office and administrative support (18.32%), teaching (11.17%), and sales jobs (7.98%).
Troy is a small town with a large college student population. Because of this, there is a real youthful, hip vibe to the place, and much of the life in the town is centered on the college. This has helped Troy to buck the trend of other small towns that have suffered declining populations over the past 20 to 30 years. Spending by students, and faculty and staff jobs, are a big part of the local economy.
Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.77 minutes getting to work every day.
In terms of college education, Troy is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 33.80% of adults in Troy have a college degree.
The per capita income in Troy in 2010 was $19,520, which is middle income relative to Alabama, and lower middle income relative to the rest of the US. This equates to an annual income of $78,080 for a family of four. However, Troy contains both very wealthy and poor people as well. Troy also has one of the higher rates of people living in poverty in the nation, with 31.13% of its population below the federal poverty line.
Troy is an extremely ethnically-diverse city. The people who call Troy home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Troy residents report their race to be White, followed by Black or African-American. Important ancestries of people in Troy include English, Irish, German, and Scottish.
The most common language spoken in Troy is English. Other important languages spoken here include Chinese and Spanish.