A small city located in Michigan, Troy has a population of slightly more than 83,000. At an average age of just over 40, the city's population is a little older compared to other municipalities in Michigan, which has an average age of 38. Home ownership is more common than renting in the area, and 27% of residents rent. With an average rent of $1,159 per month, exceeding the state average by $284 a month, relatively high rent costs could play a role in the higher levels of ownership.
Many Troy residents work in one of three industries: manufacturing, healthcare, and scientific. Combined, these industries account for 25% of the city's workforce. Meanwhile, looking at job function, 10% of residents work in management, which ranks as the top field in the city. With an average annual income of about $104K, Troy workers earn more than their peers elsewhere in Michigan. The city's average income also compares favorably to the national average ($73,345). Troy has a high number of residents older than 25 with advanced degrees compared to the national average (7%), as 17% possess a Master's degree or a Doctorate. Further, 21% have earned a Bachelor's degree, which also outpaces the national average.
Troy has an average commute time of about 28 minutes. Many residents (46%) commute to work by car, while public transportation isn't used much. Walking isn't a common way to get to work.