City profile · Michigan · Census ACS 2023

Troy, MI

Population, income, housing, safety, climate and schools for Troy - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

87,307
Residents
$119,299
Median income
$396,800
Median home
$1,411
Median rent (state)

Troy - the verdict

Measured against every US city with at least 1,000 residents, Troy lands in the 87th percentile for household income and the 49th percentile for safety. Source: Census ACS + FBI UCR.

87th
percentile, household income
77th
percentile, home value
55th
percentile, median rent
49th
percentile, safety
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Troy, MI

87,307 people live in Troy, Michigan - a small city by U.S. Census Bureau ACS 2023 estimates. The typical household in Troy brings in $119,299 a year, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 3.3%. Troy's housing stock carries a median value of $396,800, and the median resident age is 42.2 years. 64.1% of adults here have a bachelor's degree or higher; 63.2% of working-age residents are in the labor force.

Housing supply pressure shows in Census Building Permit Survey data: 241 residential units were authorized in 2024 (Building Boom), up 162% from five years earlier. Troy reports a comparatively low crime rate: FBI UCR reporting places total crime at 1392.1 incidents per 100,000 residents, below the national average (voluntary agency reporting, reflects reporting activity, not a definitive danger score).

Living costs in Michigan run below the national norm: on BEA's 100-equals-national-average cost index, Michigan scores 96.2 (Below Average), per the 2024 Regional Price Parities release. HUD Fair Market Rent for a typical two-bedroom in this state is $1,411 per month. Statewide, average monthly utility bills in Michigan run around $238, per EIA 2023 residential energy data. On FEMA's National Risk Index, this area rates 96.7 out of 100 for natural-hazard exposure (Very High).

Population

87,307 residents

Census ACS 2023 - Michigan

Median Household Income

$119,299 /yr

Poverty 3.3%

Cost of Living Index (state)

96.2 (US=100)

Below Average - BEA RPP 2024, Michigan average

How does Troy compare to other US cities?

Troy measured against every US city with 1,000+ residents, computed live from the same Census and FBI data shown throughout this page.

Household income 87% higher than other cities
Home value 77% pricier than other cities
Median rent 55% pricier than other cities
Safety 49% safer than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

Zoom in to just Michigan and the picture shifts: Troy ranks #142 of 254 Michigan cities by lowest crime rate, a different read than the national percentile above.

How we calculate these percentiles & ranks

For each metric we count every US city with population 1,000+ and a non-null value, then compute what share of them fall below Troy's value: round(cities-below ÷ total × 100). Safety is inverted (percentile = share of cities with a higher crime rate) so a higher number always means safer. The in-state rank narrows that same crime-rate comparison to only the cities PlainCities tracks in Michigan, breaking ties alphabetically. See the methodology page for the full source-to-figure lineage.

87thIncome percentile
49thSafety percentile

87th percentile nationally for median household income · 49th percentile for safety (lower crime rate). Source: Census ACS 2023 / FBI UCR 2023.

Troy's profile vs. every US city

Income, affordability, and safety percentile

Troy's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown. 3-axis radar comparing 1 series across Income, Affordability, Safety. IncomeAffordabilitySafety 57 Avg. percentile National median
Troy's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown.

How Troy's home value compares nationally

Median home value vs. every US city (population 1,000+)

$396,800 23rd percentile more affordable than 23% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). Below this entry. $325,000–$350,000: 526 US cities (3%). Below this entry. $350,000–$375,000: 465 US cities (3%). Below this entry. $375,000–$400,000: 393 US cities (3%). This entry sits in this band. $400,000–$425,000: 317 US cities (2%). Above this entry. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Troy $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Troy, MI Troy, MI's reported median household income shown against the U.S. national quintile-share pattern (not Troy, MI-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Troy, MI median $119,299/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Troy, MI's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Troy, MI. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 64.1%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 3.3%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 63.2%

Census ACS S2301, share of working-age residents in the labor force

Population
87,307
Median Income
$119,299
Median Home Value
$396,800
Median Age
42.2
Poverty Rate
3.3%
Labor force participation
63.2%
Bachelor's Degree+
64.1%

Safety & Crime

Total Crime Rate
1392.1
per 100,000 residents
Violent Crime
115.5
per 100,000 residents
Property Crime
1276.6
per 100,000 residents

Reflects incidents reported to the FBI's Uniform Crime Reporting program — agency participation is voluntary and reporting completeness varies by jurisdiction and year, so this reflects reporting activity, not a definitive danger score. Not adjusted for tourism, commuter, or daytime population.

Schools

Total Schools
25
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
86,500 residents87,000 residents87,500 residents88,000 residents88,500 residents89,000 residents 202020212022202320242025 87,118 residents 88,733 residents ▲ +1.9%
Troy's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

📈 Building Boom
Total Permits (2024)
241
housing units authorized
Single-Family
117
detached homes
Multifamily
124
apartments & condos
Supply Intensity
2.8
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 92
2020 113
2021 125
2022 91
2023 198
2024 241

Permit volume increased 162% from 2019 to 2024.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
71.8%
Carpool
5.7%
Public Transit
0.2%
Walk
1.0%
Work from Home
20.2%
Other
1.1%

Based on 44,623 workers 16 and over.

Monthly Utility Costs

State-average estimates for Michigan - EIA 2023 residential energy data

Electricity
$105
avg/month
Natural Gas
$85
avg/month
Water & Sewer
$48
avg/month
Total Utilities
$238
estimated/month

Estimates reflect Michigan state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Michigan state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Troy sits in

Cost of Living Index
96.2
Below Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,411/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
96.7 / 100
Very High
FEMA NRI composite score (county)

Similar Cities in Michigan

Westland
84,155 people
Farmington Hills
83,316 people
Flint
80,835 people
Livonia
94,058 people
Wyoming
76,865 people
Rochester Hills
76,086 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Troy's 87,307 residents (Census ACS 5-Year 2023).

Springdale, AR
87,388 people
Citrus Heights, CA
87,036 people
Ogden, UT
86,973 people
Duluth, MN
86,863 people
Deerfield Beach, FL
86,742 people
Santa Barbara, CA
88,024 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Troy's $119,299 (Census ACS 5-Year 2023, table B19013).

Maywood, NJ
$119,306 median income
Hudson, IA
$119,327 median income
Asbury, NJ
$119,250 median income
Centerville, MN
$119,361 median income
Bryant, WA
$119,371 median income
Blue River, CO
$119,375 median income

Race & Ethnicity Composition

Race and ethnicity - Troy, MI Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Troy, MI - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 63.3% 26.2% ETHNICITY, Hispanic or Latino (any race) 2.7% White 63.3% Black or African American 4.1% Asian 26.2% American Indian 0.2% Native Hawaiian 0.1% Some other race 1.2% Two or more races 4.9% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Troy compares to nearby Michigan cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Troy (this city) 87,307 $119,299
Westland 84,155 $62,216
Farmington Hills 83,316 $101,863
Flint 80,835 $36,194
Census ACS 5-year FIPS MI FBI UCR NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Troy, MI?

What is the population of Troy, MI? +

Troy, MI counts 87,307 residents according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Troy, MI? +

In Troy, the typical household earns $119,299 per year, based on Census ACS 2023 data.

What is the cost of living in Troy? +

BEA does not publish a city-level cost-of-living figure for Troy; the closest available measure is the Michigan state average, a cost of living index of 96.2 (U.S. average = 100), rated "Below Average" based on BEA Regional Price Parities 2024 data. Costs within Michigan vary by metro area.

Is Troy, MI safe? +

Troy has a total crime rate of 1392.1 per 100,000 residents, which is below the national average. This reflects incidents reported to the FBI UCR program, not a definitive safety score -- agency reporting is voluntary and completeness varies by jurisdiction.

What is the median home value in Troy, MI? +

Homes in Troy carry a median value of $396,800, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, FBI UCR, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities Editorial

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.