Troy is a larger medium-sized city located in the state of Michigan. With a population of 87,201 people and 22 associated neighborhoods, Troy is the 12th largest community in Michigan.
Troy real estate is some of the most expensive in Michigan, although Troy house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Troy has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.99% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Troy is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Troy’s overall crime rate is lower than average for the country.
If knowledge is power, Troy is a pretty powerful place. 62.87% of the adults in Troy have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Troy in 2022 was $54,762, which is wealthy relative to Michigan and the nation. This equates to an annual income of $219,048 for a family of four.
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 Asian. Important ancestries of people in Troy include German, Irish, English, Polish, and Italian.
Foreign born people are also an important part of Troy's cultural character, accounting for 29.26% of the city’s population.
The most common language spoken in Troy is English. Other important languages spoken here include Langs. of India and Chinese.