Troy is a somewhat small city located in the state of Missouri. With a population of 13,951 people and five associated neighborhoods, Troy is the 62nd largest community in Missouri. Much of the housing stock in Troy was built relatively recently. The construction of new real estate can often be taken as an indication that the local Troy economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Troy, where the median household income is $74,463.00.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.00% 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.
In Troy, however, the average commute to work is quite long. On average, people spend 30.79 minutes each day getting to work, which is significantly higher than the national average.
In Troy, just 12.72% of people have at least a bachelor's degree, which is quite a bit lower than the national average for cities and towns of 21.84%.
The per capita income in Troy in 2022 was $29,422, which is upper middle income relative to Missouri, and lower middle income relative to the rest of the US. This equates to an annual income of $117,688 for a family of four. However, Troy contains both very wealthy and poor people as well.
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 German, Irish, English, Italian, and French.
The most common language spoken in Troy is English. Other important languages spoken here include Polish and Spanish.