Troy city, Michigan Demographics & Population 2026
As of 2026, Troy city, Michigan has a total population of 87,307, the 9th largest city in Michigan, with a median household income of $119,299, which is 68% higher than the state average. The poverty rate is 5.3%.
Key Takeaways
- Household income is 68% above the state average — one of the wealthiest communities in Michigan.
- 64.1% of adults hold a bachelor's degree or higher — top 10% in Michigan.
Troy city Quick Facts
How Troy city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 44 | National average: 60
Education
Educational Attainment (Adults 25+)
Troy city Rankings in Michigan
Explore Michigan Rankings
Other Cities in Oakland County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Farmington Hills city | 83,316 | $101,863 | 6.3% | $333,200 |
| Rochester Hills city | 76,086 | $119,054 | 4.9% | $377,400 |
| Southfield city | 76,025 | $65,848 | 11.2% | $226,900 |
| Novi city | 66,224 | $110,938 | 4.7% | $399,100 |
| Pontiac city | 61,914 | $42,791 | 25.6% | $110,600 |
| Royal Oak city | 57,880 | $95,182 | 5.9% | $305,900 |
| Oak Park city | 29,370 | $65,882 | 14.2% | $198,500 |
| Madison Heights city | 28,411 | $66,726 | 11.3% | $190,300 |
| Auburn Hills city | 24,911 | $78,727 | 11.2% | $233,900 |
| Birmingham city | 21,612 | $153,125 | 4.9% | $712,700 |
Cities Similar to Troy city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Farmington Hills city | 83,316 | $101,863 | $333,200 | 58.0% | 6.3% |
| Rochester Hills city | 76,086 | $119,054 | $377,400 | 60.5% | 4.9% |
| Livonia city | 94,058 | $96,317 | $265,300 | 40.5% | 4.7% |
| Novi city | 66,224 | $110,938 | $399,100 | 61.2% | 4.7% |
| Westland city | 84,155 | $62,216 | $176,500 | 21.7% | 13.3% |
Population Overview
Troy city is a mid-sized community located in Michigan, within Oakland County. The total population is 87,307. It ranks as the 9th most populous out of 745 cities and towns in Michigan.
Age Demographics
The median age in Troy city is 42.2 years. This is 5% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Troy city is $119,299. This is 68% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is 52% higher. The poverty rate stands at 5.3%. This is 59% lower than the state poverty rate of 13.1%. The unemployment rate is 4.0%. This is 30% lower than the state rate of 5.8%. The median home value is $396,800. Housing costs are 82% higher than the state median of $217,600. The home-value-to-income ratio is 3.3x. 74.2% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 72.9%.
Race & Ethnicity
The largest racial or ethnic group in Troy city is White (non-Hispanic), making up 62.6% of the population. Asian residents account for 26.1%. The Black or African American population (4.1%) is well below the state average of 13.2%. The Hispanic or Latino population (2.7%) is well below the state average of 5.7%. The Asian population is significantly higher than the state average (26.1% vs 3.3%).
Education
64.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Troy city in the top 10% of all cities in the state for educational attainment. This is 102% higher than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.8%. Notably, 31.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Troy city, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Troy city, Michigan?
Troy city, Michigan has a population of 87,307 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Troy city, MI?
The median household income in Troy city is $119,299, which is 52% higher the national median of $78,538.
What is the poverty rate in Troy city, MI?
The poverty rate in Troy city is 5.3%. This means approximately 4,614 residents live below the federal poverty line.
What is the racial makeup of Troy city, Michigan?
Troy city's population is 62.6% White, 4.1% Black, 2.7% Hispanic/Latino, and 26.1% Asian.
What is the median home value in Troy city, MI?
The median home value in Troy city is $396,800. The home-value-to-income ratio is 3.3x.
How educated is Troy city, Michigan?
64.1% of adults (25+) in Troy city hold a bachelor's degree or higher, and 31.4% hold a graduate or professional degree.