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ZipNumbers

Michigan · Census place 80700

Troy city, MI

Quick answer

Troy city has 87,307 residents, ranking #9 of 745 places in Michigan. Median household income is $119,299, the median home is worth $396,800 and median gross rent runs $1,557 a month.

Population
87,307Troy city residents
Median household income
$119,299Past 12 months, inflation adjusted
Median home value
$396,800Owner-occupied units
Median gross rent
$1,557Rent plus utilities, monthly
Median age
42.2 yrsAll residents
Homeownership rate
74.2%Owner-occupied households

What the numbers mean in Troy city

Housing cost measured against local earnings.

A household earning the Troy city median would spend about 15.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.3% of residents and 74.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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