Troy, MI Census Data
Key demographic and economic indicators for Troy, Michigan from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-03-23 · Source: U.S. Census Bureau, ACS 2023
Population
87,307
51.8% male · 48.2% female
Median Age
42.2
3.5 above the national average (38.7 yrs)
Median Household Income
$119,299
40,761.0 above the national average ($78,538)
Bachelor's Degree or Higher
64.1%
29.1 above the national average (35.0%)
HS diploma or higher: 95.8%
Poverty Rate
5.3%
7.1 below the national average (12.4%)
Uninsured: 3.2%
Broadband Access
97.6%
7.9 above the national average (89.7%)
Median Home Value
$396,800
Median rent: $1,557 · 74% owner-occupied
Unemployment Rate
4.0%
Labor force participation: 63.2%
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Troy, MI Frequently Asked Questions
What is the population of Troy, MI?
The population of Troy, MI is 87,307 according to the 2023 American Community Survey 5-year estimates. The median age is 42.2 years.
What is the median household income in Troy?
The median household income in Troy, MI is $119,299, above the national average of $78,538. Per capita income is $65,226.
What is the poverty rate in Troy?
The poverty rate in Troy, MI is 5.3%, compared to the national average of 12.4%. About 3.2% of residents lack health insurance.
What percentage of Troy residents have a college degree?
64.1% of adults (25+) in Troy hold a bachelor's degree or higher, and 95.8% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Troy?
The median home value in Troy, MI is $396,800. Median rent is $1,557 per month, with 74% of housing units owner-occupied.
What is the racial makeup of Troy?
Troy's population is 63.3% White, 4.1% Black, 2.7% Hispanic or Latino, and 26.2% Asian (source: 2023 ACS).