Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.7 yrs |
|---|---|
| Avg HH Size | 2.79 |
| Below Poverty | 4.9% ▼ 51% below avg |
| College Grads | 34.0% ▼ 12% below avg |
| Unemployment | 2.4% ▼ 50% below avg |
| No HS Diploma | 4 (0.8%) |
| HS Graduate | 149 (31.4%) |
| Some College | 56 (11.8%) |
| Associates | 104 (21.9%) |
| Bachelors | 65 (13.7%) |
| Graduate Degree | 96 (20.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,096 ▼ 23% below avg |
|---|---|
| Median Home Value | $112,800 ▼ 60% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $906/mo |
| Total Housing Units | 377 |
| Vacant Units | 61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Troy is a city in Indiana, located in Spencer County. The city spans 1 ZIP code and is home to approximately 881 residents. It is a relatively young city, with a median age of 32.7 years.
Economically, Troy is a solidly middle-class community. The median household income of $59,096 is below the national average. Approximately 4.9% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Troy is one of the more affordable housing markets in the country. Median home values stand at $112,800, which is well below the national average. Renters typically pay around $906 per month. Homeownership is high at 88.0%, typical of suburban and family-oriented communities.
The population of Troy is moderately educated. 34.0% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (96.59%).
Troy, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47588 | 881 | $59,096 | $112,800 | $906 | 2.4% | 34.0% | 88.0% |