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.

Telecommuters are a relatively large percentage of the workforce: 9.38% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Troy really has some of the features that families look for when choosing a good community to raise children. Is Troy perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

If knowledge is power, Troy is a pretty powerful place. 62.57% of the adults in Troy have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

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.

Troy also has a high percentage of its population that was born in another country: 28.88%.

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