Living in Troy, North Carolina
Cost of living, income, home prices, rent and demographics of Troy · Census data 2020–2024
Troy has 2,926 residents with a median age of 36.9. The median household income is $51,731 (29% lower than the North Carolina median), the median home value is $160,100, the median rent is $675/month.
Troy at a glance
- Population
- 2,926
- Median age
- 36.9State: 39.1
- Median household income
- $51,731State: $72,388
- Median home value
- $160,100State: $288,900
- Median rent
- $675/moState: $1,228
- Homeowners
- 48.4%
- Bachelor's degree or higher
- 20.8%
- Average commute
- 25 min
Is Troy a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 25 minutes; unemployment of 1.7%.
Cons: Median household income 29% lower than the North Carolina median; a poverty rate of 20.2%.
The weather is best in April–May and September–October.
Cost of living in Troy
Housing is the biggest part of the cost of living. In Troy the median home value is $160,100, 52% lower than the U.S. median. Renters pay a median of $675 per month, which is 19.8% of household income. Homeowners with a mortgage pay $1,180 a month in housing costs.
Troy median household income
The median household income in Troy is $51,731 and the income per person is $27,671. 20.2% of residents live below the poverty line (North Carolina: 13%).
Housing in Troy: homes for sale and rent
- Housing units
- 1,396
- Owner-occupied
- 48.4%
- Renter-occupied
- 51.6%
- Vacant
- 17.5%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.12
Troy demographics
- Population
- 2,926
- Median age
- 36.9
- Under 18
- 15.9%
- 65 and older
- 18.9%
- Households
- 1,152
- Foreign-born
- 4.5%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Troy ›
Education in Troy
20.8% of adults 25 and older in Troy have a bachelor's degree or higher (North Carolina: 35.7%), and 7.9% have a graduate or professional degree.
Jobs and commute in Troy
- Unemployment rate
- 1.7%State: 4.7%
- Average commute
- 25 minState: 25 min
- Work from home
- 7.4%
- Drive alone
- 86.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81.7%
Troy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Troy | 2,926 | $51,731 | $160,100 | $675 |
| Biscoe | 2,116 | $45,190 | $128,700 | $625 |
| Star | 1,282 | $38,125 | $136,300 | $642 |
| Candor | 1,160 | $57,639 | $164,900 | $1,020 |
| Mount Gilead | 1,197 | $58,885 | $157,300 | $1,061 |
| Badin | 2,184 | $53,145 | $160,200 | $975 |
| Seagrove | 407 | $64,926 | $157,500 | $705 |
| Norwood | 2,433 | $51,639 | $185,200 | $919 |
| Albemarle | 16,762 | $46,881 | $204,800 | $880 |
More for people moving to Troy
Troy ZIP code ›Weather and climate ›Living in Troy: FAQ
What is the median household income in Troy, NC?
The median household income in Troy is $51,731, 29% lower than the North Carolina median of $72,388 (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 $160,100, compared with $288,900 in North Carolina.
How much is rent in Troy?
The median gross rent in Troy is $675 per month, about 19.8% of household income.
Is Troy, NC a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 25 minutes; unemployment of 1.7%. Minuses: median household income 29% lower than the North Carolina median; a poverty rate of 20.2%.
What is the median age in Troy?
The median age in Troy is 36.9 years (North Carolina: 39.1).
How long is the commute in Troy?
The average commute to work in Troy is 25 minutes; 7.4% of workers work from home.
What is the unemployment rate in Troy?
The unemployment rate in Troy is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Troy?
20.8% 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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