Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.2 yrs |
|---|---|
| Avg HH Size | 2.64 |
| Below Poverty | 5.3% ▼ 47% below avg |
| College Grads | 71.8% ▲ 85% above avg |
| Unemployment | 4.0% ▼ 18% below avg |
| No HS Diploma | 761 (1.3%) |
| HS Graduate | 7,377 (12.9%) |
| Some College | 3,056 (5.3%) |
| Associates | 5,026 (8.8%) |
| Bachelors | 4,309 (7.5%) |
| Graduate Degree | 36,870 (64.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $127,384 ▲ 67% above avg |
|---|---|
| Median Home Value | $393,431 ▲ 41% above avg |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $1,742/mo |
| Total Housing Units | 34,997 |
| Vacant Units | 1,628 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Troy is a city in Michigan, located in Oakland County. The city spans 6 ZIP codes and is home to approximately 87,307 residents. It is a middle-aged city, with a median age of 42.24 years.
Economically, Troy is a upper-middle-income community. The median household income of $127,384 is significantly above the national average. Approximately 5.3% of residents live below the poverty line. The unemployment rate is 4.0%, below the national average.
The real estate market in Troy is a mid-range housing market. Median home values stand at $393,431, which is above the national average. Renters typically pay around $1,741 per month. Homeownership is high at 76.2%, typical of suburban and family-oriented communities.
The population of Troy is highly educated. 71.8% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (62.58%).
Troy, MI offers residents above-average earning potential within Michigan. Spread across 6 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48083 | 23,619 | $88,551 | $293,300 | $1,277 | 4.0% | 61.9% | 63.7% |
| 48084 | 15,659 | $106,004 | $420,000 | $1,648 | 5.1% | 79.8% | 47.0% |
| 48085 | 27,371 | $144,146 | $395,300 | $2,213 | 3.7% | 68.7% | 91.8% |
| 48098 | 20,658 | $165,781 | $485,300 | $1,720 | 3.6% | 81.2% | 92.1% |