TroyMichigan

Troy Population Demographics

According to US population projections for 2022, the estimated population of Troy is 86,837. 23.57% is under 18, while 19.75% is over 65.

A closer look at the age demography reveals that 4.54% of the population was five years old or younger, 23.57% were 18 years or younger and 32.29% were aged 65 years and over. The gender split in the state was nearly even, with 49.52% female and 50.48% male.

Troy Housing

According to the US Census, Troy has 34,953 housing units. The average owner-occupied housing unit rate in Troy was 96.76%. At the same time, the city's median value of owner-occupied homes was $375,600

Troy Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 89.47% of Troy's population. Residents of the city who were Black Or African American Alone, made up 3.99% of the total population.

Other racial groups include Some Other Race Alone, constituting 1.25% of the city's population and White Black Or African American at 0.51%

How Educated is Troy

According to Census estimates, in 2021, 29.3% of Troy residents had a bachelor's degree, while 30.6% had a graduate or professional degree.

Overall, 59.90% of residents have a bachelor's degree or higher.

Average Income in Troy

The median household income in Troy is $98,170. This figure is significantly (approximately 0.00%) less than the state average of $98,170.

Estimates by family type revealed that families earned an average of $125,907 per year, while married-couple families earned an average of $139,991.

A closer examination of the income groups of Troy households revealed that the largest income group consisted of households with an annual income between $200,000. Other groups with yearly high household incomes include those between $100,000 and $149,999 (17.5%) and those with incomes exceeding $200,000 (18.9%). 4.5% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family