Living in Troy, Tennessee
Cost of living, income, home prices, rent and demographics of Troy · Census data 2020–2024
Troy has 1,827 residents with a median age of 37.3. The median household income is $51,711 (26% lower than the Tennessee median), the median home value is $114,800, the median rent is $692/month.
Troy at a glance
- Population
- 1,827
- Median age
- 37.3State: 38.9
- Median household income
- $51,711State: $69,595
- Median home value
- $114,800State: $286,700
- Median rent
- $692/moState: $1,189
- Homeowners
- 70.8%
- Bachelor's degree or higher
- 20.3%
- Average commute
- 19 min
Is Troy a good place to live?
Pros: Home values 60% lower than the state median; an average commute of 19 minutes; unemployment of 2.2%; a poverty rate of 13.6%.
Cons: Median household income 26% lower than the Tennessee median.
The weather is best in May–June 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 $114,800, 65% lower than the U.S. median. Renters pay a median of $692 per month, which is 22.3% of household income. Homeowners with a mortgage pay $896 a month in housing costs.
Troy median household income
The median household income in Troy is $51,711 and the income per person is $28,995. 13.6% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Troy: homes for sale and rent
- Housing units
- 832
- Owner-occupied
- 70.8%
- Renter-occupied
- 29.2%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.31
Troy demographics
- Population
- 1,827
- Median age
- 37.3
- Under 18
- 20.4%
- 65 and older
- 19.2%
- Households
- 792
- Foreign-born
- 0%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Troy ›
Education in Troy
20.3% of adults 25 and older in Troy have a bachelor's degree or higher (Tennessee: 31.1%), and 7.2% have a graduate or professional degree.
Jobs and commute in Troy
- Unemployment rate
- 2.2%State: 4.7%
- Average commute
- 19 minState: 26 min
- Work from home
- 1.8%
- Drive alone
- 89.8%
- Public transit
- 0.2%
- Walk to work
- 0%
- Homes with broadband
- 80.6%
Troy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Troy | 1,827 | $51,711 | $114,800 | $692 |
| Obion | 1,087 | $38,167 | $97,900 | $968 |
| Rives | 162 | $43,750 | $112,500 | $830 |
| Hornbeak | 540 | $63,036 | $94,300 | $795 |
| Union City | 10,982 | $50,870 | $146,000 | $739 |
| Woodland Mills | 624 | $79,145 | $140,200 | $876 |
| Trimble | 554 | $51,750 | $80,900 | $743 |
| Samburg | 231 | $41,250 | $205,000 | $589 |
| Kenton | 1,513 | $41,525 | $111,200 | $704 |
More for people moving to Troy
Troy ZIP code ›Weather and climate ›Living in Troy: FAQ
What is the median household income in Troy, TN?
The median household income in Troy is $51,711, 26% lower than the Tennessee median of $69,595 (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 $114,800, compared with $286,700 in Tennessee.
How much is rent in Troy?
The median gross rent in Troy is $692 per month, about 22.3% of household income.
Is Troy, TN a good place to live?
Pluses: home values 60% lower than the state median; an average commute of 19 minutes; unemployment of 2.2%; a poverty rate of 13.6%. Minuses: median household income 26% lower than the Tennessee median.
What is the median age in Troy?
The median age in Troy is 37.3 years (Tennessee: 38.9).
How long is the commute in Troy?
The average commute to work in Troy is 19 minutes; 1.8% of workers work from home.
What is the unemployment rate in Troy?
The unemployment rate in Troy is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Troy?
20.3% 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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