Troy

Population: 51,054
Median household income: $57,688
Median home value: $192,500

Located in Rensselaer County, New York, Troy is a community with a population of 51,054. At $57,688, its median household income sits below Rensselaer County's $86,663.

From 2019 to 2023, Troy's population grew 3.2% from 49,458 to 51,054, while its median home value rose 28.5% from $149,800 to $192,500.

Households average 2.14 people. The median gross rent is $1,134.

Demographics

ACS 2019–2023

Population: 51,054
Median age: 33.0 yrs
Median household income: $57,688
Median home value: $192,500
Median gross rent: $1,134
Housing units: 25,066
Homeownership rate: 36.8%
Bachelor's degree or higher: 36.8%
Unemployment rate: 9.4%

Trends

ACS 5-year · 2019–2023

Population

49,45851,054

Median household income

$45,728$57,688

Median home value

$149,800$192,500

Median gross rent

$945$1,134

Year	Population	Median household income	Median home value	Median gross rent
2019	49,458	$45,728	$149,800	$945
2020	49,253	$48,834	$149,900	$964
2021	50,717	$50,304	$155,000	$1,014
2022	51,268	$54,837	$177,100	$1,086
2023	51,054	$57,688	$192,500	$1,134

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

Age distribution

Under 54.3%

5 to 1713.1%

18 to 2418.7%

25 to 3417.5%

35 to 4412.1%

45 to 549.8%

55 to 6410.8%

65 to 748.2%

75 and over5.4%

	Count	Share
Under 5	2,205	4.3%
5 to 17	6,694	13.1%
18 to 24	9,551	18.7%
25 to 34	8,954	17.5%
35 to 44	6,198	12.1%
45 to 54	4,991	9.8%
55 to 64	5,529	10.8%
65 to 74	4,164	8.2%
75 and over	2,768	5.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	32,263	63.2%
Black or African American	7,939	15.6%
American Indian & Alaska Native	43	0.1%
Asian	2,170	4.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	181	0.4%
Two or more races	3,472	6.8%
Hispanic or Latino (any race)	4,986	9.8%

Educational attainment (age 25+)

No high school diploma11.9%

High school graduate24.5%

Some college or associate's26.8%

Bachelor's degree20.7%

Graduate or professional degree16.1%

	Count	Share
No high school diploma	3,880	11.9%
High school graduate	7,977	24.5%
Some college or associate's	8,738	26.8%
Bachelor's degree	6,755	20.7%
Graduate or professional degree	5,254	16.1%

Commute to work

Mean travel time to work: 21 min

Drove alone61.4%

Carpooled8.2%

Public transit5.3%

Walked9.9%

Bicycle0.4%

Worked from home12.6%

Other means2.3%

How workers get to work

	Count	Share
Drove alone	14,195	61.4%
Carpooled	1,891	8.2%
Public transit	1,227	5.3%
Walked	2,284	9.9%
Bicycle	81	0.4%
Worked from home	2,925	12.6%
Other means	522	2.3%

Travel time

	Count	Share
Under 15 min	6,283	31.1%
15 to 29 min	9,531	47.2%
30 to 44 min	2,771	13.7%
45 to 59 min	756	3.7%
60+ min	859	4.3%

Households

Average household size: 2.14
Poverty rate: 23.8% (11,010 of 46,209)

	Count	Share
Family households	9,719	45.6%
Nonfamily households	11,604	54.4%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	21,323	85.1%
Vacant	3,743	14.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	7,856	36.8%
Renter-occupied	13,467	63.2%

1-unit, detached24.5%

1-unit, attached4.1%

2 to 4 units45.1%

5 to 19 units12.5%

20 or more units13.2%

Mobile home & other0.6%

Units in structure

	Count	Share
1-unit, detached	6,146	24.5%
1-unit, attached	1,031	4.1%
2 to 4 units	11,296	45.1%
5 to 19 units	3,139	12.5%
20 or more units	3,305	13.2%
Mobile home & other	149	0.6%

Geography

Place GEOID: 3675484
Type (LSAD): 25
Land area: 10 sq mi
Water area: 0.7 sq mi
Center point: 42.7358, -73.6753