Troy, Tennessee Demographics & Population 2026
During the 2020–2024 ACS period, Troy, Tennessee had a total population of 1,827, the 236th largest town in Tennessee, with a median household income of $51,711, which is 26% lower than the state average. The poverty rate is 13.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
- Near full employment with an unemployment rate of just 2.2%.
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 | 1,915 | 1,827 | -4.6% |
| Median household income | $52,656 | $51,711 | -1.8% |
| Median home value | $110,800 | $114,800 | +3.6% |
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 less diverse community where one racial or ethnic group represents a large majority.
State average: 46 | National average: 61
Education
Educational Attainment (Adults 25+)
Troy Rankings in Tennessee
Explore Tennessee Rankings
Other Cities in Obion County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Union City | 10,982 | $50,870 | 23.5% | $146,000 |
| South Fulton | 2,379 | $43,942 | 29.2% | $83,400 |
| Obion | 1,087 | $38,167 | 35.4% | $97,900 |
| Woodland Mills | 624 | $79,145 | 4.7% | $140,200 |
| Hornbeak | 540 | $63,036 | 9.2% | $94,300 |
| Samburg | 231 | $41,250 | 30.3% | $205,000 |
| Rives | 162 | $43,750 | 35.3% | $112,500 |
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 |
|---|---|---|---|---|---|
| Englewood | 1,818 | $51,094 | $140,000 | 6.8% | 21.2% |
| Biltmore | 1,846 | $52,917 | $125,300 | 11.1% | 9.6% |
| Hunter | 1,918 | $51,815 | $169,500 | 16.6% | 13.7% |
| Surgoinsville | 1,911 | $53,854 | $189,100 | 21.5% | 17.0% |
| East Cleveland | 1,934 | $48,878 | $124,100 | 0.0% | 26.5% |
Population Overview
Troy is a small community located in Tennessee, within Obion County. The total population is 1,827. It ranks as the 236th most populous out of 502 Census-designated places in Tennessee.
Age Demographics
The median age in Troy is 37.3 years. This is 4% lower than the state median of 38.9 years.
Economy, Income & Housing
The median household income in Troy is $51,711. This is 26% lower than the state median of $69,595. It is also 36% lower than the national median of $80,734. The poverty rate stands at 13.6%. This is 1% lower than the state poverty rate of 13.8%. The unemployment rate is 2.2%. This is 53% lower than the state rate of 4.7%. The median home value is $114,800. Housing costs are 60% lower than the state median of $286,700. With a home-value-to-income ratio of just 2.2x, Troy is one of the most affordable housing markets in the area. 70.8% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 66.9%.
Race & Ethnicity
Troy has a predominantly White (non-Hispanic) population, comprising 98.0% of all residents. Black or African American residents account for 0.4%. The Black or African American population (0.4%) is well below the state average of 15.4%. The Hispanic or Latino population (0.3%) is well below the state average of 7.4%.
Education
20.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 35% lower than the state rate of 31.1%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.7%.
Data Sources & Methodology
All demographic data for Troy, Tennessee 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 Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 502 Census-designated places in Tennessee. 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, Tennessee?
Troy, Tennessee has a population of 1,827 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Troy, TN?
The median household income in Troy is $51,711, which is 36% lower than the national median of $80,734.
What is the poverty rate in Troy, TN?
The poverty rate in Troy is 13.6%. This means approximately 242 residents live below the federal poverty line.
What is the racial makeup of Troy, Tennessee?
Troy's population is 98.0% White, 0.4% Black, 0.3% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Troy, TN?
The median home value in Troy is $114,800. The home-value-to-income ratio is 2.2x.
How educated is Troy, Tennessee?
20.3% of adults (25+) in Troy hold a bachelor's degree or higher, and 7.2% hold a graduate or professional degree.