Troy

Population: 87,307
Median household income: $119,299
Median home value: $396,800

Troy, a community in Oakland County, Michigan, has 87,307 residents. The median household income of $119,299 is above the Oakland County median ($95,296).

From 2019 to 2023, Troy's population grew 4.0% from 83,989 to 87,307, while its median home value rose 31.6% from $301,500 to $396,800.

The median resident is 42.2 years old. The largest age group is 5 to 17, 16.3% of residents.

Demographics

ACS 2019–2023

Population: 87,307
Median age: 42.2 yrs
Median household income: $119,299
Median home value: $396,800
Median gross rent: $1,557
Housing units: 34,997
Homeownership rate: 74.2%
Bachelor's degree or higher: 64.1%
Unemployment rate: 4.0%

Trends

ACS 5-year · 2019–2023

Population

83,98987,307

Median household income

$101,882$119,299

Median home value

$301,500$396,800

Median gross rent

$1,215$1,557

Year	Population	Median household income	Median home value	Median gross rent
2019	83,989	$101,882	$301,500	$1,215
2020	84,051	$104,132	$318,600	$1,239
2021	86,912	$107,550	$335,000	$1,347
2022	87,170	$115,639	$375,600	$1,461
2023	87,307	$119,299	$396,800	$1,557

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.6%

5 to 1716.3%

18 to 249.2%

25 to 3410.9%

35 to 4412.3%

45 to 5414.8%

55 to 6414.1%

65 to 7410.9%

75 and over6.8%

	Count	Share
Under 5	4,052	4.6%
5 to 17	14,232	16.3%
18 to 24	8,059	9.2%
25 to 34	9,473	10.9%
35 to 44	10,700	12.3%
45 to 54	12,962	14.8%
55 to 64	12,309	14.1%
65 to 74	9,541	10.9%
75 and over	5,979	6.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	54,640	62.6%
Black or African American	3,555	4.1%
American Indian & Alaska Native	142	0.2%
Asian	22,822	26.1%
Native Hawaiian & Pacific Islander	63	0.1%
Some other race	550	0.6%
Two or more races	3,203	3.7%
Hispanic or Latino (any race)	2,332	2.7%

Educational attainment (age 25+)

No high school diploma4.2%

High school graduate12.5%

Some college or associate's19.2%

Bachelor's degree32.7%

Graduate or professional degree31.4%

	Count	Share
No high school diploma	2,588	4.2%
High school graduate	7,634	12.5%
Some college or associate's	11,680	19.2%
Bachelor's degree	19,942	32.7%
Graduate or professional degree	19,120	31.4%

Commute to work

Mean travel time to work: 25 min

Drove alone71.8%

Carpooled5.7%

Public transit0.2%

Walked1.0%

Bicycle0.3%

Worked from home20.2%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	32,021	71.8%
Carpooled	2,540	5.7%
Public transit	68	0.2%
Walked	432	1.0%
Bicycle	140	0.3%
Worked from home	9,024	20.2%
Other means	398	0.9%

Travel time

	Count	Share
Under 15 min	8,809	24.7%
15 to 29 min	13,930	39.1%
30 to 44 min	8,332	23.4%
45 to 59 min	2,673	7.5%
60+ min	1,855	5.2%

Households

Average household size: 2.61
Poverty rate: 5.3% (4,614 of 87,114)

	Count	Share
Family households	23,378	70.1%
Nonfamily households	9,991	29.9%

Housing

Median year structure built: 1977

Occupancy

	Count	Share
Occupied	33,369	95.3%
Vacant	1,628	4.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	24,749	74.2%
Renter-occupied	8,620	25.8%

1-unit, detached71.5%

1-unit, attached5.7%

2 to 4 units4.2%

5 to 19 units11.3%

20 or more units6.6%

Mobile home & other0.7%

Units in structure

	Count	Share
1-unit, detached	25,012	71.5%
1-unit, attached	1,998	5.7%
2 to 4 units	1,473	4.2%
5 to 19 units	3,964	11.3%
20 or more units	2,319	6.6%
Mobile home & other	231	0.7%

Geography

Place GEOID: 2680700
Type (LSAD): 25
Land area: 33 sq mi
Water area: 0.18 sq mi
Center point: 42.5839, -83.1455