Troy, MI Census Data
The 9th largest city in Michigan by population · 24 cities ranked
Troy is the 9th largest city in Michigan by population and ranks 1st of 24 for median household income. With 87,307 residents, it has a lower poverty rate than 20 other Michigan cities. This snapshot draws from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-04-13 · 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 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%
Per Capita Income
$65,226
Individual average income (not household)
Veteran Population
4.1%
Disability rate: 9.1%
How Troy Compares to Other Michigan Cities
Rankings among all 24 Michigan cities tracked in the 2023 ACS.
| Ranking | Position | Tier |
|---|---|---|
| Largest by Population | 9th of 24 | Top half |
| Highest Median Income | 1st of 24 | Top 10% |
| Lowest Poverty Rate | 4th of 24 | Top 25% |
| Highest Bachelor's Attainment | 2nd of 24 | Top 10% |
| Highest Home Value | 3rd of 24 | Top 25% |
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).
How does Troy rank among Michigan cities?
Troy is the 9th largest city in Michigan by population, the 1st highest for median household income, the 4th lowest for poverty rate, the 2nd highest for bachelor's degree attainment among 24 ranked Michigan cities.
What is the unemployment rate in Troy?
The unemployment rate in Troy, MI is 4.0%, with a labor force participation rate of 63.2%. Per capita income is $65,226.
Cities Similar to Troy
Other Michigan cities with comparable population and income levels.