Michigan · Census place 80700
Troy, MI population, income and ZIP codes
Quick answer
The population of the city of Troy, Michigan (Troy, MI — Census place “Troy city”) is 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. Looking for the Troy Michigan ZIP code list? 4 ZIP codes serve Troy, MI: 48083, 48084, 48085, 48098.
- 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
Troy ZIP codes (Michigan)
Census ZCTAs whose delivery area overlaps Troy.
The Troy MI ZIP code list below covers 4 ZIP codes. Open any one for its population, income, housing and rent profile.
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
Troy city, MI in context
How this area compares with national benchmarks.
Troy city is a small city in Michigan, with 87,307 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #9 of 745 ranked by population — larger than 98% of them. The median age here is 42.2 years against 39.1 nationally, a slightly older profile than the country as a whole. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.
Households in Troy city earn a median of $119,299 a year, 51.9% above the national figure of $78,538 and 93% above the $61,715 median for the 438 Michigan cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 5.3% of residents here, less than half the 12.4% national rate.
The typical owner-occupied home in Troy city is valued at $396,800, 30.8% above the national figure and 139% above the $166,100 peer median, while median gross rent runs $1,557 a month, 10.7% above the national figure, or roughly $18,684 across a full year. A household on the local median income would put about 15.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 74.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Michigan.
- Westland city 84,155
- Livonia city 94,058
- Farmington Hills city 83,316
- Dearborn city 107,846
- Flint city 80,835
- Lansing city 112,546
- Wyoming city 76,865
- Ann Arbor city 121,179
Keep going
More Michigan coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Troy city?
- Troy city has 87,307 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #9 of 745 in Michigan.
- What is the median household income in Troy city?
- Median household income in Troy city is $119,299 a year, 51.9% above the national figure of $78,538.
- How much does it cost to rent or buy in Troy city?
- Median gross rent is $1,557 a month and the median home value is $396,800, so rent absorbs about 15.7% of median household income.
- Is Troy city affordable compared with the rest of the US?
- Homes cost about 3.3× the local median income here versus roughly 3.9× nationally, so Troy city is more affordable to buy in than the typical US market, and rent takes 15.7% of median income against the 30% cost-burden line.
- How current is this Troy city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.