Median Household Income
$120,045 ± $5,601
Median Home Value
$420,300 ± $8,204
Median Gross Rent
$1,602 ± $51/mo
Per Capita Income
$58,119
Poverty Rate
5.4%
Unemployment Rate
4.4%
Homeownership Rate
73.3%
Bachelor's Degree or Higher
64.8%
Median Age
42.0
Average Commute
18 min
Households
33,372
Veterans
2,577
Population Over Time
Troy grew 7.1% from 2014 to 2024.
2014
82,106
2016
82,982
2018
83,881
2020
84,051
2022
87,170
2024
87,898
Population by Race & Ethnicity
White
61.5%
Hispanic or Latino
2.6%
Black or African American
3.8%
Asian
27.8%
Nearby Cities in Michigan
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.