In 2018, Troy, MI had a population of 83.9k people with a median age of 41.8 and a median household income of $97,048. Between 2017 and 2018 the population of Troy, MI grew from 83,336 to 83,881, a 0.654% increase and its median household income grew from $93,017 to $97,048, a 4.33% increase.
The 5 largest ethnic groups in Troy, MI are White (Non-Hispanic) (66.3%), Asian (Non-Hispanic) (24.6%), Black or African American (Non-Hispanic) (3.82%), Two+ (Non-Hispanic) (2.56%), and White (Hispanic) (1.62%). NaNk% of the people in Troy, MI speak a non-English language, and 86.4% are U.S. citizens.
The largest universities in Troy, MI are Walsh College of Accountancy and Business Administration (806 degrees awarded in 2017), Michigan College of Beauty-Troy (178 degrees), and Carnegie Institute (126 degrees).
The median property value in Troy, MI is $286,600, and the homeownership rate is 73.1%. Most people in Troy, MI commute by Drove Alone, and the average commute time is 24.3 minutes. The average car ownership in Troy, MI is 2 cars per household.