Troy, MI

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Population

83,336

0.427% growth

Median Age

42.2


Median Household Income

$93,017

4.57% growth

Poverty Rate

5.08%


Number of Employees

41,290

0.845% growth

Median Property Value

$269,800

9.14% growth

About

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 population of Troy, MI is 67.5% White Alone, 23.7% Asian Alone, and 3.77% Black or African American Alone. 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 (857 degrees awarded in 2016), Michigan College of Beauty-Troy (165 degrees), and Carnegie Institute (148 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.

About the photo: Top of Troy, in Troy Michigan

Economy

The economy of Troy, MI employs 41.3k people. The largest industries in Troy, MI are Manufacturing (8,719 people), Health Care & Social Assistance (6,716 people), and Professional, Scientific, & Technical Services (5,112 people), and the highest paying industries are Management of Companies & Enterprises ($120,375), Utilities ($93,077), and Manufacturing ($92,135).

Median household income in Troy, MI is $93,017. Males in Troy, MI have an average income that is 1.37 times higher than the average income of females, which is $46,762. The income inequality in Troy, MI (measured using the Gini index) is 0.476, which is lower than than the national average.

Wages

Median Household Income

$93,017

2017 value

± $2,379

4.57%

1 Year Growth

± 3.79%

Households in Troy, MI have a median annual income of $93,017, which is more than the median annual income of $60,336 across the entire United States. This is in comparison to a median income of $88,954 in 2016, which represents a 4.57% annual growth.

Look at the chart to see how the median household income in Troy, MI compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

$63,869

Average Male Salary

± $1,109

$46,762

Average Female Salary

± $850

In 2017, full-time male employees in Michigan made 1.37 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in Michigan by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $62,263 ± $4,415

  2. Native Hawaiian and Other Pacific Islander

    $48,644 ± $58,127

  3. White

    $48,289 ± $702

In 2017 the highest paid race/ethnicity of Michigan workers was Asian. These workers were paid 1.28 times more than Native Hawaiian and Other Pacific Islander workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in Michigan by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Troy, MI is from Michigan.

0.476

2017 Wage GINI

0.477

2016 Wage GINI

In 2017, the income inequality in Michigan was 0.476 according to the GINI calculation of the wage distribution. Income inequality had a 0.107% decline from 2016 to 2017, which means that wage distribution grew somewhat more even.

The 2017 the GINI for Michigan was lower than than the national average of 0.479. In other words, wages are distributed more evenly in Michigan in comparison to the national average.

This chart shows the number of workers in Michigan across various wage buckets compared to the national average.

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 1964

  2. Census Tract 1968

  3. Census Tract 1966

In 2017, the place with the highest Median Household Income (Total) in Troy, MI was Census Tract 1964 with a value of $145,798, followed by Census Tract 1968 and Census Tract 1966, with respective values of $133,688 and $132,000.

The following map shows all of the places in Troy, MI colored by their Median Household Income (Total).

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Poverty by Age and Gender

Females 55 - 64

Largest Demographic Living in Poverty

5.08% of the population for whom poverty status is determined in Troy, MI (4.22k out of 83.1k people) live below the poverty line, a number that is lower than the national average of 13.4%. The largest demographic living in poverty are Females 55 - 64, followed by Females 45 - 54 and then Females 75+.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    2,867 ± 350

  2. Asian

    800 ± 167

  3. Black

    221 ± 129

The most common racial or ethnic group living below the poverty line in Troy, MI is White, followed by Asian and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Occupations

Employment by Occupations

41.3k

2017 Value

± 1,113

0.845%

1 Year growth

± 3.88%

From 2016 to 2017, employment in Troy, MI grew at a rate of 0.845%, from 40.9k employees to 41.3k employees.

The most common job groups, by number of people living in Troy, MI, are Management Occupations (6,037 people), Office & Administrative Support Occupations (3,907 people), and Business & Financial Operations Occupations (3,746 people). This chart illustrates the share breakdown of the primary jobs held by residents of Troy, MI.

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Most Common

The most common jobs held by residents of Troy, MI, by number of employees, are Management Occupations (6,037 people), Office & Administrative Support Occupations (3,907 people), and Business & Financial Operations Occupations (3,746 people).

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Most Specialized

Compared to other places, Troy, MI has an unusually high number of residents working as Architecture & Engineering Occupations (4.44 times higher than expected), Computer & Mathematical Occupations (2.54 times), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (2.09 times).

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Highest Paid

The highest paid jobs held by residents of Troy, MI, by median earnings, are Management Occupations ($100,107), Architecture & Engineering Occupations ($96,545), and Computer, Engineering, & Science Occupations ($89,412).

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Industries

Employment by Industries

41.3k

2017 Value

± 1,113

0.845%

1 Year growth

± 3.88%

From 2016 to 2017, employment in Troy, MI grew at a rate of 0.845%, from 40.9k employees to 41.3k employees.

The most common employment sectors for those who live in Troy, MI, are Manufacturing (8,719 people), Health Care & Social Assistance (6,716 people), and Professional, Scientific, & Technical Services (5,112 people). This chart shows the share breakdown of the primary industries for residents of Troy, MI, though some of these residents may live in Troy, MI and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Troy, MI, by number of employees, are Manufacturing (8,719 people), Health Care & Social Assistance (6,716 people), and Professional, Scientific, & Technical Services (5,112 people).

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Most Specialized

Compared to other places, Troy, MI has an unusually high number of Manufacturing (2.09 times higher than expected), Professional, Scientific, & Technical Services (1.77 times), and Management of Companies & Enterprises (1.52 times) industries.

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Highest Paying

The highest paying industries in Troy, MI, by median earnings, are Management of Companies & Enterprises ($120,375), Utilities ($93,077), and Manufacturing ($92,135).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Michigan to other states, or from other states to Michigan.

Top Domestic Production in Dollars

  1. $135B

  2. $35.4B

  3. $31.3B

In 2015, the top outbound Michigan product (by dollars) was Motorized vehicles with $135B, followed by Mixed freight ($35.4B) and Machinery ($31.3B).

The following chart shows the share of these products in relation to all outbound Michigan products.

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Domestic Trade Growth

Showing data for Michigan state.

$448B

2015 Value

$623B

Projected 2045 Value

39.1% growth

In 2015, total outbound Michigan trade was $448B. This is expected to increase 39.1% to $623B by 2045.

The following chart shows how the domestic outbound Michigan trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Michigan to other states, or from other states to Michigan.

Most Common Trade Partners

  1. $35.1B

  2. $25.1B

  3. $20.4B

In 2015, the top outbound Michigan domestic partner for goods and services (by dollars) was Ohio with $35.1B, followed by Indiana with $25.1B and Illinois and $20.4B.

The following map shows the amount of trade that Michigan shares with each state (excluding itself).

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Health

95.4% of the population of Troy, MI has health coverage, with 65.7% on employee plans, 5.25% on Medicaid, 12.2% on Medicare, 11.8% on non-group plans, and 0.432% on military or VA plans.

Per capita personal health care spending in the place of Troy, MI was $8,055 in 2014. This is a 4% increase from the previous year ($7,745).

Primary care physicians in Troy, MI see 1254 patients per year on average, which represents a 0.804% increase from the previous year (1244 patients). Compare this to dentists who see 1385 patients per year, and mental health providers who see 431 patients per year.

Comparing across all counties in the state, Gladwin County has the highest prevalence of diabetes (14.5%). Additionally, Saginaw County has the highest prevalence of adult obesity (39.8%)

Patient to Clinician Ratios

Data is only available at the state level. Showing data for Michigan.

1,254 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in Michigan see an average of 1,254 patients per year. This represents a 0.804% increase from the previous year (1,244 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Michigan in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. 8.26% of the population affected

  2. 8.13% of the population affected

  3. 7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. 19.2% of adults

  2. 17.9% of adults

  3. 17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

Data is only available at the state level. Showing data for Michigan.

$8,055

Total Per Capita Spending on Personal Health Care 

$3,950

Per Enrollee Private Health Insurance Spending on Personal Health Care

$5,915

Per Enrollee Medicaid Spending on Personal Health Care

$11,318

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in Michigan (including private, Medicare, and Medicaid) grew 4%, from $7,745 to $8,055.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

4.64%

Uninsured

65.7%

Employer Coverage

5.25%

Medicaid

12.2%

Medicare

11.8%

Non-Group

0.432%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Troy, MI declined by 27% from 6.36% to 4.64%.

The following chart shows how the percent of uninsured individuals in Troy, MI changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. 14.5% prevalence

  2. 14.1% prevalence

  3. 14.1% prevalence

Gladwin County has the highest prevalence of diabetes in Michigan, at 14.5%.

The following map shows the prevalence of diabetes in Michigan by county over multiple years.

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Diversity

Troy, MI is home to a population of 83.3k people, from which 86.5% are citizens. As of 2017, N/A% of Troy, MI residents were born outside of the country (23.7k people).

The ethnic composition of the population of Troy, MI is composed of 56.2k White Alone residents (67.5%), 19.7k Asian Alone residents (23.7%), 3.14k Black or African American Alone residents (3.77%), 1.88k Hispanic or Latino residents (2.25%), 1.86k Two or More Races residents (2.24%), 281 Some Other Race Alone residents (0.337%), 181 American Indian & Alaska Native Alone residents (0.217%), and 33 Native Hawaiian & Other Pacific Islander Alone residents (0.0396%).

The most common foreign languages spoken in Troy, MI are N/A.

Age

Age by Nativity

40

Median Native-Born Age

± 1.2

45

Median Foreign-Born Age

± 0.8

In 2017, the median age of all people in Troy, MI was 42.2. Native-born citizens, with a median age of 40, were generally younger than than foreign-born citizens, with a median age of 45. But people in Troy, MI are getting getting older. In 2016, the average age of all Troy, MI residents was 42.

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Heritage

Foreign-Born Population

2017 Foreign-Born Population

  1. N/A%

    23.7k people

  2. N/A%

    N/A people

As of 2017, N/A% of Troy, MI residents (23.7k people) were born outside of the United States, which is approximately the same as the national average of 13.7%. In 2017, the percentage of foreign-born citizens in Troy, MI was N/A%, meaning that the rate has been maintaining.

The following chart shows the percentage of foreign-born residents in Troy, MI compared to that of it's neighboring and parent geographies.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Most Common Origin

  1. Mexico

    76,763 ± 6,776 people

  2. India

    66,881 ± 6,328 people

  3. Iraq

    54,355 ± 5,708 people

In 2017, the most common birthplace for the foreign-born residents of Michigan was Mexico, the natal country of 76,763 Michigan residents, followed by India with 66,881 and Iraq with 54,355.

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Citizenship

86.5%

2017 Citizenship

86.8%

2016 Citizenship

As of 2017, 86.5% of Troy, MI residents were US citizens, which is lower than the national average of 93.1%. In 2016, the percentage of US citizens in Troy, MI was 86.8%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Troy, MI compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

Most Common

  1. White Alone

    56.2k ± 984

  2. Asian Alone

    19.7k ± 744

  3. Black or African American Alone

    3.14k ± 600

In 2017, there were 2.85 times more White Alone residents (56.2k people) in Troy, MI than any other race or ethnicity. There were 19.7k Asian Alone and 3.14k Black or African American Alone residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Troy, MI as a share of the total population.

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Non-English Speakers

Most Common Languages

  1. N/A

    N/A speakers (N/A%)

  2. N/A

    N/A speakers (N/A%)

  3. N/A

    N/A speakers (N/A%)

N/A% of Troy, MI citizens are speakers of a non-English language, which is approximately the same as the national average of 21.8%. In N/A, the most common non-English language spoken in Troy, MI was N/A. N/A% of the overall population of Troy, MI are native N/A speakers. N/A% speak N/A and N/A% speak N/A, the next two most common languages.

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Military

Veterans

Most Common Service Period

  1. Vietnam

    1,183 ± 181

  2. Gulf War (1990s)

    393 ± 122

  3. Korea

    322 ± 97

Troy, MI has a large population of military personnel who served in Vietnam, 3.01 times greater than any other conflict.

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Education

In 2016, universities in Troy, MI awarded 1,245 degrees. The student population of Troy, MI is skewed towards women, with 1,262 male students and 1,927 female students.

Most students graduating from Universities in Troy, MI are White (947 and 78.4%), followed by Black or African American (126 and 10.4%), Unknown (49 and 4.06%), and Asian (48 and 3.97%).

The largest universities in Troy, MI by number of degrees awarded are Walsh College of Accountancy and Business Administration (857 and 68.8%), Michigan College of Beauty-Troy (165 and 13.3%), and Carnegie Institute (148 and 11.9%).

The most popular majors in Troy, MI are General Business Administration & Management (368 and 29.6%), Accounting (220 and 17.7%), and General Finance (100 and 8.03%).

The median tuition costs in Troy, MI are $13,200 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. 302 degrees awarded

  2. 98 degrees awarded

  3. 42 degrees awarded

In 2015, the most common concentation for Masters Degree recipients in Troy, MI was General Business Administration & Management with 302 degrees awarded.

This visualization illustrates the percentage of students graduating with a Masters Degree from schools in Troy, MI according to their major.

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Universities

Largest Universities by degrees awarded

  1. 857 degrees awarded

  2. 165 degrees awarded

  3. 148 degrees awarded

$N/A

Median In-State Public

$13,200

Median Private

In 2016, the Troy, MI institution with the largest number of graduating students was Walsh College of Accountancy and Business Administration with 857 degrees awarded.

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Student Gender for Common Institutions

522

Degrees Awarded to Men

723

Degrees Awarded to Women

In 2016, 522 men were awarded degrees from institutions in Troy, MI, which is 0.722 times less than the 723 female students who received degrees in the same year.

This chart displays the gender disparity between the top 5 institutions in Troy, MI by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    947 degrees awarded

  2. Black or African American

    126 degrees awarded

  3. Unknown

    49 degrees awarded

In 2016 the majority of degrees awarded at institutions in Troy, MI were to White students. These 947 degrees mean that there were 7.52 times more White students then the next closest race/ethnicity group, Black or African American, with 126 degrees awarded.

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Housing & Living

The median property value in Troy, MI was $269,800 in 2017, which is 1.24 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $247,200 to $269,800, a 9.14% increase. The homeownership rate in Troy, MI is 73%, which is higher than the national average of 63.9%. People in Troy, MI have an average commute time of 24.4 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.

Income

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$93,017

Median Household Income

± $2,379

31.5k

Number of Households

± 944

In 2017, the median household income of the 31.5k households in Troy, MI grew to $93,017 from the previous year's value of $88,954.

The following chart displays the households in Troy, MI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

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Housing

Property Value

$269,800

2017 Median

± $4,183

$247,200

2016 Median

± $5,295

In 2017, the median property value in Troy, MI grew to to $269,800 from the previous year's value of $247,200.

The following charts display, first, the property values in Troy, MI compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Troy, MI the largest share of households have a property value in the $300k - $400k range.

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Property Taxes

$3k+

Average Range

This chart shows the households in Troy, MI distributed between a series of property tax buckets compared to the national averages for each bucket. In Troy, MI the largest share of households pay taxes in the $3k+ range.

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Rent vs Own

73%

2017 Homeownership

72.9%

2016 Homeownership

In 2017, 73% of the housing units in Troy, MI were occupied by their owner. This percentage grew from the previous year's rate of 72.9%.

This percentage of owner-occupation is higher than the national average of 63.9%. This chart shows the ownership percentage in Troy, MI compared it's parent and neighboring geographies.

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Transportation

Car Ownership

2 cars

Average Number

The following chart displays the households in Troy, MI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Troy, MI have 2 cars, followed by 3 cars.

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Commute Time

24.4 minutes

Average Travel Time

Using averages, employees in Troy, MI have a shorter commute time (24.4 minutes) than the normal US worker (25.1 minutes). Additionally, 1.15% of the workforce in Troy, MI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Troy, MI compares to that of it's neighboring and parent geographies.

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Commuter Transportation

Most Common Method of Travel

  1. Drove Alone

    86.7%

  2. Carpooled

    7.11%

  3. Worked At Home

    4.05%

In 2017, the most common method of travel for workers in Troy, MI was Drove Alone (86.7%), followed by those who Carpooled (7.11%) and those who Worked At Home (4.05%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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