Living in New Troy, Michigan
Cost of living, income, home prices, rent and demographics of New Troy · Census data 2020–2024
New Troy has 413 residents with a median age of 32.6. The median household income is $56,776 (22% lower than the Michigan median), the median home value is $167,600, the median rent is $1,086/month.
New Troy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Troy at a glance
- Population
- 413
- Median age
- 32.6State: 40.2
- Median household income
- $56,776State: $72,875
- Median home value
- $167,600State: $231,600
- Median rent
- $1,086/moState: $1,129
- Homeowners
- 77.7%
- Bachelor's degree or higher
- 10.8%
- Average commute
- 15 min
Is New Troy a good place to live?
Pros: Home values 28% lower than the state median; an average commute of 15 minutes; unemployment of 2.1%.
Cons: Median household income 22% lower than the Michigan median; a poverty rate of 34.2%.
The weather is best in June to September.
Cost of living in New Troy
Housing is the biggest part of the cost of living. In New Troy the median home value is $167,600, 50% lower than the U.S. median. Renters pay a median of $1,086 per month, which is 28.6% of household income. Homeowners with a mortgage pay $1,125 a month in housing costs.
New Troy median household income
The median household income in New Troy is $56,776 and the income per person is $35,549. 34.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in New Troy: homes for sale and rent
- Housing units
- 157
- Owner-occupied
- 77.7%
- Renter-occupied
- 22.3%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.63
New Troy demographics
- Population
- 413
- Median age
- 32.6
- Under 18
- 18.6%
- 65 and older
- 15%
- Households
- 157
- Foreign-born
- 0.7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of New Troy ›
Education in New Troy
10.8% of adults 25 and older in New Troy have a bachelor's degree or higher (Michigan: 32.4%), and 2.7% have a graduate or professional degree.
Jobs and commute in New Troy
- Unemployment rate
- 2.1%State: 5.7%
- Average commute
- 15 minState: 24 min
- Work from home
- 5.8%
- Drive alone
- 86.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.9%
New Troy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Troy | 413 | $56,776 | $167,600 | $1,086 |
| Shorewood-Tower Hills-Harbert | 1,459 | $83,204 | $343,000 | $1,021 |
| Bridgman | 2,077 | $66,603 | $238,400 | $1,008 |
| Baroda | 859 | $65,750 | $158,800 | $994 |
| Galien | 470 | $45,221 | $138,100 | $981 |
| Three Oaks | 1,503 | $66,985 | $215,700 | $1,074 |
| Stevensville | 1,095 | $64,125 | $191,200 | $1,200 |
| Buchanan | 4,223 | $56,163 | $154,300 | $903 |
| Berrien Springs | 2,018 | $65,134 | $159,900 | $972 |
More for people moving to New Troy
New Troy ZIP code ›Weather and climate ›Living in New Troy: FAQ
What is the median household income in New Troy, MI?
The median household income in New Troy is $56,776, 22% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Troy?
The median home value in New Troy is $167,600, compared with $231,600 in Michigan.
How much is rent in New Troy?
The median gross rent in New Troy is $1,086 per month, about 28.6% of household income.
Is New Troy, MI a good place to live?
Pluses: home values 28% lower than the state median; an average commute of 15 minutes; unemployment of 2.1%. Minuses: median household income 22% lower than the Michigan median; a poverty rate of 34.2%.
What is the median age in New Troy?
The median age in New Troy is 32.6 years (Michigan: 40.2).
How long is the commute in New Troy?
The average commute to work in New Troy is 15 minutes; 5.8% of workers work from home.
What is the unemployment rate in New Troy?
The unemployment rate in New Troy is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Troy?
10.8% of adults in New 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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