Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Crime
Reporting high crime rates per 100,000 people, this area may be perceived as an unsafe place to reside. These statistics encompass both violent and property crime rates.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Located in the state of Alabama, Troy is a moderately-sized city with a population of 19,684 inhabitants. Troy is known to be an ethnically diverse city. The two most common races are White (56%) and Black or African American (39%). Troy could be a great place for young adults and students as the average age of 26 years old is below the nation’s average. All the single ladies and all the single fellas might want to take notice as only 33% of the Troy population is married. If you prefer shorter commutes, living in Troy will be a delight. With an average one-way commute time of just 21 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Living in Troy can be a great experience for anyone moving to the town. Having said that, in the state of Alabama, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, crime, cost of living, employment, housing and other key data points, finding the best places to live in Troy and in the areas around Troy is a much easier task.
Troy has a livability score of 65/100 and is ranked #97 in Alabama and #12,021 in the USA. If we probe a little deeper into each category within the livability score, we see that Troy has higher than average rankings for the following: cost of living (A+) and housing (B-). There is at least one category that did not score well in Troy. The following was graded with a concerning score: crime (D), education (D) and employment (F).
When contemplating a move, job prospects often top the list of priorities. In Troy, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.1% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Finding affordable real estate and housing in Troy can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Troy meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Troy. Everything else becomes a lot less important if it turns out that home prices in Troy are simply unattainable. The median home price for Troy homes is $290,774, which is 23.5% higher than the Alabama average. If we take a closer look at the affordability of homes in Troy, we’ll see that the home price to income ratio is 5.6, which is 55.6% higher than the Alabama average.
| Statistic | Troy | Alabama | National |
| Average one way commute | 21min | 25min | 26min |
| Workers who drive to work | 83.5% | 85.7% | 76.4% |
| Workers who carpool | 9.7% | 8.8% | 9.3% |
| Workers who take public transit | 0.2% | 0.4% | 5.1% |
| Workers who bicycle | 0.4% | 0.1% | 0.6% |
| Workers who walk | 2.5% | 1.1% | 2.8% |
| Working from home | 2.0% | 2.9% | 4.6% |
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