Living in Troy, Montana
Cost of living, income, home prices, rent and demographics of Troy · Census data 2020–2024
Troy has 871 residents with a median age of 34.3. The median household income is $32,250 (56% lower than the Montana median), the median home value is $257,600, the median rent is $750/month.
Troy is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Troy at a glance
- Population
- 871
- Median age
- 34.3State: 40.4
- Median household income
- $32,250State: $72,509
- Median home value
- $257,600State: $375,800
- Median rent
- $750/moState: $1,081
- Homeowners
- 72.7%
- Bachelor's degree or higher
- 6%
- Average commute
- 22 min
Is Troy a good place to live?
Pros: Home values 31% lower than the state median; unemployment of 2.4%.
Cons: Median household income 56% lower than the Montana median; an average commute of 22 minutes; a poverty rate of 39.8%.
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 $257,600, 23% lower than the U.S. median. Renters pay a median of $750 per month, which is 32.5% of household income. Homeowners with a mortgage pay $1,111 a month in housing costs.
Troy median household income
The median household income in Troy is $32,250 and the income per person is $18,258. 39.8% of residents live below the poverty line (Montana: 11.5%).
Housing in Troy: homes for sale and rent
- Housing units
- 420
- Owner-occupied
- 72.7%
- Renter-occupied
- 27.3%
- Vacant
- 14.5%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.42
Troy demographics
- Population
- 871
- Median age
- 34.3
- Under 18
- 37.9%
- 65 and older
- 19.6%
- Households
- 359
- Foreign-born
- 1.3%
- Veterans
- 11.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Troy ›
Education in Troy
6% of adults 25 and older in Troy have a bachelor's degree or higher (Montana: 35.2%), and 1% have a graduate or professional degree.
Jobs and commute in Troy
- Unemployment rate
- 2.4%State: 3.6%
- Average commute
- 22 minState: 19 min
- Work from home
- 4.4%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 86.6%
Troy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Troy | 871 | $32,250 | $257,600 | $750 |
| Libby | 3,042 | $34,143 | $257,400 | $672 |
| Sylvanite | 145 | $61,000 | $400,000 | — |
| White Haven | 978 | $41,154 | $205,300 | $584 |
| Pioneer Junction | 798 | $59,107 | $321,600 | — |
| Moyie Springs | 1,378 | $61,615 | $356,800 | $742 |
| Hope | 112 | $98,750 | $625,000 | — |
| East Hope | 265 | $93,000 | $440,900 | $1,375 |
| Clark Fork | 990 | $63,813 | $251,700 | $1,065 |
More for people moving to Troy
Troy ZIP code ›Weather and climate ›Living in Troy: FAQ
What is the median household income in Troy, MT?
The median household income in Troy is $32,250, 56% lower than the Montana median of $72,509 (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 $257,600, compared with $375,800 in Montana.
How much is rent in Troy?
The median gross rent in Troy is $750 per month, about 32.5% of household income.
Is Troy, MT a good place to live?
Pluses: home values 31% lower than the state median; unemployment of 2.4%. Minuses: median household income 56% lower than the Montana median; an average commute of 22 minutes; a poverty rate of 39.8%.
What is the median age in Troy?
The median age in Troy is 34.3 years (Montana: 40.4).
How long is the commute in Troy?
The average commute to work in Troy is 22 minutes; 4.4% of workers work from home.
What is the unemployment rate in Troy?
The unemployment rate in Troy is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Troy?
6% 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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