Troy is a small town with a large college student population. Because of this, there is a real youthful, hip vibe to the place, and much of the life in the town is centered on the college. This has helped Troy to buck the trend of other small towns that have suffered declining populations over the past 20 to 30 years. Spending by students, and faculty and staff jobs, are a big part of the local economy.
Troy, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.
Residents of the city have the good fortune of having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 18.27 minutes getting to work every day.
The population of Troy is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.78% of adults in Troy have a bachelor's degree or even advanced degree.
The per capita income in Troy in 2022 was $26,277, which is middle income relative to Alabama, and lower middle income relative to the rest of the US. This equates to an annual income of $105,108 for a family of four. However, Troy contains both very wealthy and poor people as well.
Troy is an extremely ethnically-diverse city. The people who call Troy home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Troy residents report their race to be White, followed by Black or African-American. Important ancestries of people in Troy include English, Irish, German, European, and French.
The most common language spoken in Troy is English. Other important languages spoken here include Chinese and Korean.
