Living in Troy Hills, New Jersey
Cost of living, income, home prices, rent and demographics of Troy Hills · Census data 2020–2024
Troy Hills has 5,179 residents with a median age of 46.5. The median household income is $183,707 (77% higher than the New Jersey median), the median home value is $650,500, the median rent is $3,108/month.
Troy Hills at a glance
- Population
- 5,179
- Median age
- 46.5State: 40.1
- Median household income
- $183,707State: $103,556
- Median home value
- $650,500State: $454,400
- Median rent
- $3,108/moState: $1,720
- Homeowners
- 92.8%
- Bachelor's degree or higher
- 63.5%
- Average commute
- 29 min
Is Troy Hills a good place to live?
Pros: Median household income 77% higher than the New Jersey median; an average commute of 29 minutes; unemployment of 0.9%; a poverty rate of 6%.
Cons: Home values 43% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Troy Hills
Housing is the biggest part of the cost of living. In Troy Hills the median home value is $650,500, 96% higher than the U.S. median. Renters pay a median of $3,108 per month, which is 21.3% of household income. Homeowners with a mortgage pay $3,432 a month in housing costs.
Troy Hills median household income
The median household income in Troy Hills is $183,707 and the income per person is $60,728. 6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Troy Hills: homes for sale and rent
- Housing units
- 1,682
- Owner-occupied
- 92.8%
- Renter-occupied
- 7.2%
- Vacant
- 3%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 3.06
Troy Hills demographics
- Population
- 5,179
- Median age
- 46.5
- Under 18
- 22.8%
- 65 and older
- 20.1%
- Households
- 1,632
- Foreign-born
- 41.6%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Troy Hills ›
Education in Troy Hills
63.5% of adults 25 and older in Troy Hills have a bachelor's degree or higher (New Jersey: 43.6%), and 34.4% have a graduate or professional degree.
Jobs and commute in Troy Hills
- Unemployment rate
- 0.9%State: 6.3%
- Average commute
- 29 minState: 31 min
- Work from home
- 22.7%
- Drive alone
- 60.9%
- Public transit
- 5.9%
- Walk to work
- 3.3%
- Homes with broadband
- 98.5%
Troy Hills vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Troy Hills | 5,179 | $183,707 | $650,500 | $3,108 |
| Parsippany | 21,345 | $99,405 | $555,400 | $1,742 |
| Parsippany-Troy Hills | 56,397 | $112,327 | $536,200 | $1,736 |
| Lake Hiawatha | 11,018 | $104,663 | $428,600 | $1,550 |
| Whippany | 8,970 | $151,420 | $615,400 | $2,556 |
| Hanover | 14,769 | $156,956 | $629,600 | $2,813 |
| East Hanover | 11,152 | $149,583 | $702,800 | $2,711 |
| Mountain Lakes | 4,585 | $250,001 | $917,000 | $3,501 |
| Rainbow Lakes | 1,375 | $93,051 | $481,800 | $2,022 |
More for people moving to Troy Hills
Troy Hills ZIP code ›Weather and climate ›Living in Troy Hills: FAQ
What is the median household income in Troy Hills, NJ?
The median household income in Troy Hills is $183,707, 77% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Troy Hills?
The median home value in Troy Hills is $650,500, compared with $454,400 in New Jersey.
How much is rent in Troy Hills?
The median gross rent in Troy Hills is $3,108 per month, about 21.3% of household income.
Is Troy Hills, NJ a good place to live?
Pluses: median household income 77% higher than the New Jersey median; an average commute of 29 minutes; unemployment of 0.9%; a poverty rate of 6%. Minuses: home values 43% higher than the state median.
What is the median age in Troy Hills?
The median age in Troy Hills is 46.5 years (New Jersey: 40.1).
How long is the commute in Troy Hills?
The average commute to work in Troy Hills is 29 minutes; 22.7% of workers work from home.
What is the unemployment rate in Troy Hills?
The unemployment rate in Troy Hills is 0.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Troy Hills?
63.5% of adults in Troy Hills 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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