In 2017, Troy, MI had a population of 83.3k people with a median age of 42.2 and a median household income of $93,017. Between 2016 and 2017 the population of Troy, MI grew from 82,982 to 83,336, a 0.427% increase and its median household income grew from $88,954 to $93,017, a 4.57% increase.
The 5 largest ethnic groups in Troy, MI are White (Non-Hispanic) (67.5%), Asian (Non-Hispanic) (23.7%), Black or African American (Non-Hispanic) (3.77%), Two or More Races (Non-Hispanic) (2.24%), and White (Hispanic) (1.74%). N/A% of the people in Troy, MI speak a non-English language, and 86.5% 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 $269,800, and the homeownership rate is 73%. Most people in Troy, MI commute by Drove Alone, and the average commute time is 24.4 minutes. The average car ownership in Troy, MI is 2 cars per household.