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Michigan city profile

What Is It Like to Live in Troy?

What it costs to live in Troy, and how it compares with other Michigan cities, in plain numbers.

Value score

51

35th best value in Michigan

How much you get for what you pay, versus other Michigan cities.

Overall livability

58

26th overall in Michigan

Cost, safety, schools, jobs and quality of life combined.

Troy is home to about 86,912 people. A typical home runs $335,000 and a household earns around $107,600, a price-to-income ratio of 3.1. Among Michigan's largest cities, it ranks 35th for value and 26th overall.

Troy at a glance

Median home price

$335,000

62nd in MI of 75

Median rent

$1,347/mo

Median household income

$107,600

Home price to income

3.1x

Unemployment

3.9%

15th in MI of 75

School rating

10/10

6th in MI of 75

Air quality (AQI)

45

0th in MI of 75

Walk score

9/100

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‹ See all top Michigan cities ranked  ยท  Michigan state profile ›

Sources: Home prices and rent from Zillow; income, unemployment and commute from the U.S. Census; school ratings from state education data; crime from the FBI; air quality from the EPA. City rankings are within Michigan only. Updated 2026.