Troy, MI
REAL ESTATE & DEMOGRAPHIC DATA






Troy profile


Living in Troy


Troy is a larger medium-sized city located in the state of Michigan. With a population of 87,294 people and 22 constituent neighborhoods, Troy is the 12th largest community in Michigan.

Troy real estate is some of the most expensive in Michigan, although Troy house values don't compare to the most expensive real estate in the U.S.

Troy is a decidedly white-collar city, with fully 90.73% of the workforce employed in white-collar jobs, well above the national average. Overall, Troy is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Troy who work in management occupations (13.38%), architecture and engineering (10.14%), and business and financial occupations (9.93%).

Also of interest is that Troy has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Troy telecommute to their jobs. Overall, about 9.38% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Troy is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Troy’s overall crime rate is lower than average for the country.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Troy. 62.57% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Troy in 2018 was $49,211, which is wealthy relative to Michigan and the nation. This equates to an annual income of $196,844 for a family of four.

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 Asian. Important ancestries of people in Troy include German, Irish, Polish, English, and Italian.

Foreign born people are also an important part of Troy's cultural character, accounting for 28.88% of the city’s population.

The most common language spoken in Troy is English. Other important languages spoken here include Langs. of India and Chinese.