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Troy city, Michigan

City

Population: 87,307 (2023 estimate)

Located in Michigan , Michigan

Census Bureau data for Troy city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Troy city

What is the median household income in Troy city?
The median household income in Troy city is $119,299 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Troy city?
The poverty rate in Troy city is 3.3% (U.S. Census Bureau ACS 2023).
What is the median home value in Troy city?
$396,800 (U.S. Census Bureau ACS 2023).
What is the average rent in Troy city?
The median gross rent in Troy city is $1,557 per month (U.S. Census Bureau ACS 2023).
What percentage of Troy city residents have a college degree?
64.1% of adults in Troy city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
87,307
Median Income
$119,299
Median Home Value
$396,800
Poverty Rate
3.3%
Unemployment (ACS 2023)
4.0%
Median Age
42.0 yrs
Since 2019 Median Income: +$17,417 (+17.1%) Home Value: +$95,300 (+31.6%) Poverty Rate: -0.3 pp (-8.3%) Bachelor's+: +3.3 pp (+5.4%) Unemployment: +0.5 pp (+14.3%)

Demographics

Total Population 87,307
Median Age 42.0
Female 48.2%
Race & Ethnicity
Hispanic or Latino 2.7% White (non-Hisp.) 62.6% Black 4.1% Asian 26.2% Two or More 4.9% Other 1.2%
Asian Subgroups (% of total pop.)
Indian
14.4%
Chinese
5.0%
Korean
2.2%
Filipino
1.0%
Vietnamese
0.5%
Japanese
0.3%
Hispanic Subgroups (% of total pop.)
Mexican
1.7%
Puerto Rican
0.2%
Cuban
0.1%

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

Income & Poverty

Median Household Income $119,299 ±$5,082
+$48,150 vs. state
Per Capita Income $147,099
Median Family Income $150,720
Poverty Rate 3.3%
-5.5 pp vs. state
Child Poverty Rate 4.0%
Working-Age Poverty Rate
SNAP Recipients 5.2%
Social Security Income
Retirement Income 25.0%
Household Income Distribution
< $10k
2.3%
$10–15k
2.9%
$15–25k
3.6%
$25–35k
4.3%
$35–50k
5.0%
$50–75k
12.4%
$75–100k
11.2%
$100–150k
19.4%
$150–200k
16.0%
$200k+
23.0%

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

Housing

Total Housing Units 34,997
Owner-Occupied 74.2%
Renter-Occupied 25.8%
Vacancy Rate 4.7%
Median Home Value $396,800
+$179,200 vs. state
Median Gross Rent $1,557
Owner Cost Burden (30%+) 13.6%
Renter Cost Burden (30%+) 29.1%
Home Value Distribution
< $50k
1.8%
$50–100k
0.7%
$100–200k
1.6%
$200–300k
18.8%
$300–500k
47.6%
$500k–$1M
24.8%
$1M+
1.5%
Gross Rent Distribution
< $500
10.0%
$500–1k
6.5%
$1–1.5k
30.0%
$1.5–2k
31.0%
$2–2.5k
13.9%
$2.5–3.5k
4.2%
$3.5k+
4.4%
Vehicle Availability
No vehicle
4.3%
1 vehicle
30.4%
2 vehicles
44.7%
3+
20.6%
Housing Type
Single-fam. det.
71.5%
Single-fam. att.
5.7%
2–4 units
0.9%
5–19 units
8.7%
20+ units
6.6%
Mobile home
0.7%
Housing Age
Pre-1940
2.6%
1940–1969
1.4%
1970–1999
34.1%
2000–2009
6.8%
2010+
4.1%

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

Education

High School or Higher 95.8%
Bachelor's or Higher 64.1%
+32.3 pp vs. state
Graduate Degree 31.4%
Some College / Associate 12.1%
Less Than High School 2.3%
Enrolled in School

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

Employment

Labor Force Participation 65.9%
Unemployment Rate 4.0%
-1.8 pp vs. state
Work from Home 20.2%
Self-Employed 4.0%
Government Workers 8.4%
Private For-Profit 87.4%
Industry
Manufacturing
21.6%
Edu/Health
21.3%
Prof. Services
17.7%
Retail
8.7%
Finance
8.2%
Arts/Entmt.
6.0%
Transportation
3.8%
Construction
3.4%
Public Admin
2.8%
Wholesale
1.7%
Information
1.1%
Agriculture
0.2%
Occupation
Management
64.4%
Sales
16.4%
Food Prep
9.8%
Production
6.1%
Construction
3.3%

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

Commute

Median Travel Time 24.6 min
Drove Alone 71.8%
Carpool 5.7%
Public Transit 0.2%
Work from Home 20.2%
Walked 1.0%
Bicycle

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

Households & Families

Total Households 33,369
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 60.4%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 26.8%
Multigenerational

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

Age Distribution

Under 5
4.6%
5–9
5.6%
10–14
6.1%
15–19
6.8%
20–24
7.1%
25–34
10.9%
35–44
12.3%
45–54
14.8%
55–64
7.4%
65–74
6.7%
75–84
10.9%
85+
5.0%
Under 18: 20.9% Working age (18–64): 79.1% 65 and over: 17.8%

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

Social Characteristics

Immigration

Foreign Born 29.8%
Naturalized Citizen 57.8%
Speaks English Less Than Very Well 9.4%
Foreign-Born Origin
Asia
74.0%
Europe
13.6%
Latin America
4.9%
Africa
3.8%

Veterans & Disability

Veteran 4.1%
With a Disability 9.1%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 96.8%
Uninsured 3.2%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 95.9%
Has a Computer 97.6%
Same House 1 Year Ago 90.1%
Moved from Abroad 2.1%

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

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