Troy city, Michigan demographics and economy

Census American Community Survey 2023 5-Year Estimates for Troy city, Michigan.

Population
87,307
Median HH Income
$119,299
Median Home Value
$396,800
Median Age
42.2

Workforce

Unemployment rate
4.0%
1,906 unemployed of 47,203 in labor force
Bachelor's degree or higher
32.7%
of population age 25+ (60,964 total)
Below poverty line
5.3%
4,614 of 87,114 surveyed

Housing & cost of living

Median home value
$396,800
owner-occupied housing units
Median gross rent
$1,557/mo
renter-occupied units, all bedrooms

Related resources

Federal contracts in Michigan
GovBids — SAM.gov opportunities and award data filtered by state.
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NewFilings — fresh business registrations from Secretary of State filings.
Federal & state grants
FindGrants — 60,000+ grant opportunities indexed and matchable.
Michigan business markets by county
Establishments, employment, and payroll by NAICS sector.
Market size estimator
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Opportunity index
Composite score of growth, market size, and demographic signal.

Similar-sized Michigan places

Data source: U.S. Census Bureau American Community Survey 2023 5-Year Estimates (Table B). Geography: place (incorporated city/town/CDP). Public domain (USA.gov).

Indicators: B01003 (population), B19013 (median household income), B25077 (median home value), B01002 (median age), B25064 (median gross rent), B23025 (labor force/unemployment), B15003 (educational attainment), B17001 (poverty).

Generated 2026-05-27. Census applies suppression rules to small populations; some values may be unavailable.