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Population
82,982
0.53% growth
Median Age
42
Median Household Income
$88,954
4.62% growth
Poverty Rate
6.06%
Number of Employees
40,944
2.52% growth
Median Property Value
$247,200
7.29% growth

About the photo: Top of Troy, in Troy Michigan

Economy

The economy of Troy, MI employs 40,944 people. The economy of Troy, MI is specialized in Manufacturing; Professional, Scientific, Tech Services; and Management of Companies & Enterprises, which employ respectively 2.1; 1.8; and 1.46 times more people than what would be expected in a location of this size. The largest industries in Troy, MI are Manufacturing (8,328), Healthcare & Social Assistance (6,521), and Professional, Scientific, Tech Services (5,256), and the highest paying industries are Professional, Scientific, Tech Services ($75,028), Utilities ($63,393), and Finance & Insurance ($63,288).

Median household income in Troy, MI is $88,954. Males in Troy, MI have an average income that is 1.49 times higher than the average income of females, which is $65,285. The income inequality of Troy, MI (measured using the Gini index) is 0.481 which is lower than the national average.

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Median Household Income

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Troy, MI. In Oakland County, MI the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 146 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,286. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Troy, MI is from the county of Oakland County, MI.

Insurance Coverage by Age and Gender

Medicare Enrollment and Reimbursements by Location

Trends in Medicare Enrollment and Reimbursements

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Homicide & Crime

Diversity

Troy, MI is home to a population of 82,982 people, from which 86.8% are citizens. The ethnic composition of the population of Troy, MI is composed of 56,666 White residents (68.3%), 18,984 Asian residents (22.9%), 3,073 Black residents (3.7%), 1,864 Hispanic residents (2.25%), and 1,806 Two+ residents (2.18%). The most common foreign languages in Troy, MI are Chinese (3,630 speakers), Other Asian (3,328 speakers), and Arabic (3,008 speakers), but compared to other places, Troy, MI has a relative high number of Other (1,029 speakers), Other Indo-European (2,661 speakers), and Other Asian (3,328 speakers).

Age

Age by Nativity

Heritage

Global Diversity

Citizenship

Race & Ethnicity

Non-English Speakers

Military

Veterans

Education

In 2015 universities in Troy, MI awarded 1,615 degrees. The student population of Troy, MI is skewed towards females, with 624 male students and 991 female students. Most students in Troy, MI are White (1,139 and 70.5%), followed by Black or African American (228 and 14.1%), Unknown (81 and 5.02%), and Asian (66 and 4.09%). The largest universities in Troy, MI by number of graduates are Walsh College of Accountancy and Business Administration (907 and 56.2%), Michigan College of Beauty-Troy (222 and 13.7%), and ITT Technical Institute-Troy (181 and 11.2%). The most popular majors in Troy, MI are General Business Administration & Management (310 and 19.2%), Accounting (108 and 6.69%), and General Finance (37 and 2.29%). The median tuition costs in Troy, MI are N/A for private four year colleges, and $13,200 and $13,200 respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Universities

Student Gender for Common Institutions

Student Race & Ethnicity

Housing & Living

The median property value in Troy, MI is $247,200, which is 1.21 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $230,400 to $247,200, a 7.29% increase. The homeownership rate of Troy, MI is 72.9%, which is higher than the national average of 63.6%. People in Troy, MI have an average commute time of 24.1 minutes, and they commute by Drove Alone. Car ownership in Troy, MI is approximately the same as the national average, with an average of 2 cars per household.

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Michigan
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Oakland County, MI
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Detroit-Warren-Dearborn, MI Metro Area
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