Troy, North Carolina Demographics & Population 2026
During the 2020–2024 ACS period, Troy, North Carolina had a total population of 2,926, the 264th largest town in North Carolina, with a median household income of $51,731, which is 29% lower than the state average. The poverty rate is 20.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 1.7%.
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 | 2,905 | 2,926 | +0.7% |
| Median household income | $60,167 | $51,731 | -14.0% |
| Median home value | $134,500 | $160,100 | +19.0% |
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: 58 | National average: 61
Education
Educational Attainment (Adults 25+)
Troy Rankings in North Carolina
Explore North Carolina Rankings
Other Cities in Montgomery County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Biscoe | 2,116 | $45,190 | 34.9% | $128,700 |
| Star | 1,282 | $38,125 | 22.8% | $136,300 |
| Mount Gilead | 1,197 | $58,885 | 16.8% | $157,300 |
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 |
|---|---|---|---|---|---|
| Mar-Mac | 2,877 | $53,819 | $149,200 | 20.1% | 11.8% |
| Yadkinville | 3,004 | $53,125 | $183,800 | 10.9% | 21.4% |
| Warsaw | 2,746 | $54,297 | $112,500 | 9.2% | 17.7% |
| Edneyville | 2,716 | $53,818 | $286,400 | 18.7% | 22.3% |
| Cajah's Mountain | 2,704 | $53,361 | $201,800 | 14.4% | 13.9% |
Population Overview
Troy is a small community located in North Carolina, within Montgomery County. The total population is 2,926. It ranks as the 264th most populous out of 772 Census-designated places in North Carolina.
Age Demographics
The median age in Troy is 36.9 years. This is 6% lower than the state median of 39.1 years.
Economy, Income & Housing
The median household income in Troy is $51,731. This is 29% lower than the state median of $72,388. It is also 36% lower than the national median of $80,734. The poverty rate stands at 20.2%. This is 55% higher than the state poverty rate of 13.0%. 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 1.7%. This is 65% lower than the state rate of 4.7%. The median home value is $160,100. Housing costs are 45% lower than the state median of $288,900. The home-value-to-income ratio is 3.1x. 48.4% of occupied housing units are owner-occupied. This homeownership rate is 27% lower than the state average of 66.6%.
Race & Ethnicity
The largest racial or ethnic group in Troy is White (non-Hispanic), making up 56.1% of the population. Black or African American residents account for 26.0%.
Education
20.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 42% lower than the state rate of 35.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 80.5%.
Data Sources & Methodology
All demographic data for Troy, North Carolina 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 North Carolina state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 772 Census-designated places in North Carolina. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all North Carolina city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Troy, North Carolina?
Troy, North Carolina has a population of 2,926 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Troy, NC?
The median household income in Troy is $51,731, which is 36% lower than the national median of $80,734.
What is the poverty rate in Troy, NC?
The poverty rate in Troy is 20.2%. This means approximately 493 residents live below the federal poverty line.
What is the racial makeup of Troy, North Carolina?
Troy's population is 56.1% White, 26.0% Black, 12.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Troy, NC?
The median home value in Troy is $160,100. The home-value-to-income ratio is 3.1x.
How educated is Troy, North Carolina?
20.8% of adults (25+) in Troy hold a bachelor's degree or higher, and 7.9% hold a graduate or professional degree.