Living in Troy, Maine
Cost of living, income, home prices, rent and demographics of Troy · Census data 2020–2024
Troy has 984 residents with a median age of 49.3. The median household income is $44,583 (40% lower than the Maine median), the median home value is $213,000, the median rent is $1,255/month.
Troy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Troy at a glance
- Population
- 984
- Median age
- 49.3State: 44.8
- Median household income
- $44,583State: $74,733
- Median home value
- $213,000State: $296,600
- Median rent
- $1,255/moState: $1,139
- Homeowners
- 86.4%
- Bachelor's degree or higher
- 21.7%
- Average commute
- 50 min
Is Troy a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 3.8%.
Cons: Median household income 40% lower than the Maine median; an average commute of 50 minutes; a poverty rate of 17.8%.
The weather is best in June to September.
Cost of living in Troy
Housing is the biggest part of the cost of living. In Troy the median home value is $213,000, 36% lower than the U.S. median. Renters pay a median of $1,255 per month, which is 31.5% of household income. Homeowners with a mortgage pay $1,607 a month in housing costs.
Troy median household income
The median household income in Troy is $44,583 and the income per person is $32,535. 17.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Troy: homes for sale and rent
- Housing units
- 524
- Owner-occupied
- 86.4%
- Renter-occupied
- 13.6%
- Vacant
- 17.2%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.27
Troy demographics
- Population
- 984
- Median age
- 49.3
- Under 18
- 20.7%
- 65 and older
- 27%
- Households
- 434
- Foreign-born
- 2.1%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Troy ›
Education in Troy
21.7% of adults 25 and older in Troy have a bachelor's degree or higher (Maine: 36.2%), and 7.2% have a graduate or professional degree.
Jobs and commute in Troy
- Unemployment rate
- 3.8%State: 3.8%
- Average commute
- 50 minState: 25 min
- Work from home
- 25.3%
- Drive alone
- 53%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 79%
Troy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Troy | 984 | $44,583 | $213,000 | $1,255 |
| Dixmont | 1,207 | $75,952 | $190,700 | $1,348 |
| Thorndike | 1,403 | $78,438 | $205,600 | $836 |
| Burnham | 953 | $59,261 | $178,100 | $1,308 |
| Jackson | 567 | $75,167 | $231,500 | $629 |
| Detroit | 650 | $51,111 | $137,500 | $1,098 |
| Plymouth | 1,319 | $61,964 | $207,100 | — |
| Etna | 1,252 | $72,379 | $183,000 | — |
| Unity | 1,858 | $62,857 | $206,900 | $873 |
More for people moving to Troy
Troy ZIP code ›Weather and climate ›Living in Troy: FAQ
What is the median household income in Troy, ME?
The median household income in Troy is $44,583, 40% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Troy?
The median home value in Troy is $213,000, compared with $296,600 in Maine.
How much is rent in Troy?
The median gross rent in Troy is $1,255 per month, about 31.5% of household income.
Is Troy, ME a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 3.8%. Minuses: median household income 40% lower than the Maine median; an average commute of 50 minutes; a poverty rate of 17.8%.
What is the median age in Troy?
The median age in Troy is 49.3 years (Maine: 44.8).
How long is the commute in Troy?
The average commute to work in Troy is 50 minutes; 25.3% of workers work from home.
What is the unemployment rate in Troy?
The unemployment rate in Troy is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Troy?
21.7% of adults in Troy have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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