Troy is a larger medium-sized city located in the state of Michigan. With a population of 87,201 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.
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.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.31% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
Because of many things, Troy is a great place for families with children to consider. First of all, many other families with children live here, making Troy a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Troy has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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. 62.40% 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 $51,031, which is wealthy relative to Michigan and the nation. This equates to an annual income of $204,124 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, English, Polish, and Italian.
In addition, Troy has a lot of people living here who were born outside of the US (28.98%).
The most common language spoken in Troy is English. Other important languages spoken here include Langs. of India and Chinese.