Troy, New York Demographics & Population 2026
During the 2020–2024 ACS period, Troy, New York had a total population of 51,033, the 16th largest city in New York, with a median household income of $58,477, which is 32% lower than the state average. The poverty rate is 23.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 32% below the state average, indicating significant economic challenges.
- Unemployment rate of 9.1% is notably above the national average.
Troy Quick Facts
How Troy Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 51,054 | 51,033 | -0.0% |
| Median household income | $57,688 | $58,477 | +1.4% |
| Median home value | $192,500 | $206,500 | +7.3% |
How Troy Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Troy Rankings in New York
Explore New York Rankings
Other Cities in Rensselaer County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Rensselaer | 9,287 | $70,080 | 17.9% | $208,900 |
| East Greenbush | 6,581 | $118,393 | 4.2% | $303,400 |
| Hampton Manor | 5,334 | $98,364 | 6.7% | $239,400 |
| Wynantskill | 3,487 | $108,558 | 6.5% | $293,400 |
| West Sand Lake | 3,479 | $121,250 | 4.0% | $315,800 |
| Hoosick Falls | 3,177 | $48,214 | 16.1% | $154,600 |
| Averill Park | 1,615 | $117,946 | 0.0% | $273,300 |
| Castleton-on-Hudson | 1,591 | $52,056 | 14.1% | $222,600 |
| Nassau | 1,058 | $84,781 | 4.6% | $239,200 |
| Nassau Lake | 830 | N/A | 16.9% | $282,800 |
Cities Similar to Troy
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Niagara Falls | 47,987 | $49,101 | $115,300 | 22.7% | 23.7% |
| Irondequoit | 50,657 | $79,162 | $182,500 | 40.4% | 9.2% |
| Binghamton | 47,151 | $45,578 | $124,800 | 30.7% | 32.6% |
| Tonawanda Town | 56,806 | $77,679 | $215,200 | 39.4% | 10.0% |
| West Seneca | 45,303 | $79,709 | $232,800 | 34.5% | 8.8% |
Population Overview
Troy is a mid-sized community located in New York, within Rensselaer County. The total population is 51,033. It ranks as the 16th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Troy is 32.3 years. This is 19% lower than the state median of 39.8 years.
Economy, Income & Housing
The median household income in Troy is $58,477. This is 32% lower than the state median of $85,974. It is also 28% lower than the national median of $80,734. The poverty rate stands at 23.4%. This is 67% higher than the state poverty rate of 14.0%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 9.1%. This is 43% higher than the state rate of 6.4%. The median home value is $206,500. Housing costs are 51% lower than the state median of $423,800. The home-value-to-income ratio is 3.5x. 37.4% of occupied housing units are owner-occupied. This homeownership rate is 31% lower than the state average of 54.4%.
Race & Ethnicity
The largest racial or ethnic group in Troy is White (non-Hispanic), making up 61.4% of the population. Black or African American residents account for 15.5%. The Asian population (3.9%) is well below the state average of 9.0%.
Education
37.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% lower than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.0%. Notably, 15.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Troy, New York is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Troy, New York?
Troy, New York has a population of 51,033 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Troy, NY?
The median household income in Troy is $58,477, which is 28% lower than the national median of $80,734.
What is the poverty rate in Troy, NY?
The poverty rate in Troy is 23.4%. This means approximately 10,706 residents live below the federal poverty line.
What is the racial makeup of Troy, New York?
Troy's population is 61.4% White, 15.5% Black, 10.3% Hispanic/Latino, and 3.9% Asian.
What is the median home value in Troy, NY?
The median home value in Troy is $206,500. The home-value-to-income ratio is 3.5x.
How educated is Troy, New York?
37.3% of adults (25+) in Troy hold a bachelor's degree or higher, and 15.6% hold a graduate or professional degree.