Livability Awards

A+ Troy Amenities Lots of amenities close to this location
D- Troy Cost of Living Cost of living is 22% higher than Michigan
1099% more expensive than the US average
8911% less expensive than the US average
United States
100National cost of living index
Troy cost of living
A+ Troy Crime Total crime is 32% lower than Michigan
Total crime
1,43644% lower than the US average
Chance of being a victim
1 in 7044% lower than the US average
Year-over-year crime
-15%Year over year crime is down
Troy crime
B Troy Employment Household income is 75% higher than Michigan
Median household income
$88,95461% higher than the US average
Income per capita
$41,51839% higher than the US average
Unemployment rate
3%26% lower than the US average
Troy employment
A Troy Housing Home value is 93% higher than Michigan
Median home value
$247,20034% higher than the US average
Median rent price
$1,06913% higher than the US average
Home ownership
73%15% higher than the US average
Troy real estate or Troy rentals
A+ Troy Schools HS graduation rate is 8% higher than Michigan
High school grad. rates
93%12% higher than the US average
School test scores
69%41% higher than the US average
Student teacher ratio
16:12% higher than the US average
Troy K-12 schools or Troy colleges

Living in Troy, MI

Troy is a moderately-sized city located in the state of Michigan. The city has a population of 82,982 residents. According to the most recent Census, 70% of Troy residents are White, 23% Asian and 4% Black. 86% of the people in Troy (over the age of 15) are married and 55% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.

Without the right tools, relocating to any new area can be very stressful and challenging. Living in Troy, Michigan could be a positive experience for anyone who puts in the effort to do the research required. Using the livability score which includes data from categories like amenities, crime, cost of living, employment, housing, you can easily compare the best places to live in Troy and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Troy to Michigan and the national average.

Troy has a livability score of 87/100 and is ranked #9 in Michigan and #194 in the USA. Clearly, Troy is doing something right, as this score ranks well above the average of most cities. Troy also ranks in the top 10 percent of all cities, which is no small feat! There are seven total categories that form the livability score. Troy scores well for amenities (A+), crime (A+), education (A+), employment (B) and housing (A). On a more negative note, Troy does not have favorable ranks for the following: cost of living (D-) and weather (D). If we take a look at the data, we can find out why.

Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Troy has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the interesting things to do and attractions include: Somerset Collection, Troy Museum & Historic Village, and Motor City Tour Company.

Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 65 crimes per 100,000 residents, Troy has a violent crime rate that is far below the national average.

School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Troy have a test score average of 69%, which is well above the US average.

Finding affordable real estate and apartments for rent 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.

Assuming that Troy meets all of your requirements, 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 $247,200, which is 93.4% higher than the Michigan 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 2.8, which is 12% higher than the Michigan average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Troy will offer some insight into determining if your home purchase will be a solid investment for years to come. In Troy, the year-over-year appreciation rates were 3.9%, and the 5 year appreciation rates came in at 7.9%.

Check Your Commute Time

Monthly costs include: fuel, maintenance, tires, insurance, license fees, taxes, depreciation, and financing.
See more Troy, MI transportation information

Compare Troy, MI Livability To Other Cities

Best Neighborhoods In & Around Troy, MI

PlaceLivability scoreScoreMilesPopulationPop.
Detroit Golf, Detroit75111,616
Sherwood Forest, Detroit7510.3904
Minock Park, Detroit7513.41,420
Rosedale Park, Detroit6913.33,323
PlaceLivability scoreScoreMilesPopulationPop.
Palmer Woods, Detroit6710.31,003
Blackstone Park, Detroit679.92,082
Old Redford, Detroit6712.8564
University District, Detroit64112,702

Best Cities Near Troy, MI

PlaceLivability scoreScoreMilesPopulationPop.
Berkley, MI896.215,239
Huntington Woods, MI887.16,330
Grosse Pointe Woods, MI881615,785
Grosse Pointe Farms, MI8818.39,265
PlaceLivability scoreScoreMilesPopulationPop.
Farmington, MI8814.610,526
Plymouth, MI88228,956
Troy, MI87082,982
Grosse Pointe Park, MI8718.411,276
See all Michigan cities

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Troy Reviews

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Great, Have-it-All Community!

Schools, recreation, shopping, dining, city services, neighborhoods,’s all in Troy with access to expressways for easy drives to Detroit for sports, night life, culture, and Canada as well as north to lakes and mountains for boating, hiking and skiing!
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Glamorous Shopping in Troy, MI

The city of Troy offers some of the best shopping in the state of Michigan. As a native Michigander, I have countless memories of making the trek to Big Beaver Road in order to shop at the stores in the Somerset Collection. Troy also has many elegant restaurants and upscale businesses to offer for Michiganders. In Troy, you will likely encounter some of the wealthiest people in Michigan. The Somerset Collection is also the "it" shopping place for celebrities and musicians in Michigan. With stores like Gucci, Louis Vuitton, Burberry, and Neiman Marcus, you can see just how expensive this shopping center can get!

While the city of Troy offers great shopping experiences, it is also one of the safest cities in Michigan. Located near Detroit, Troy does have some crime that spills over from the troubled city. Although burglaries are not all that common in Troy, its better to be safe that sorry. So, just be aware of your surroundings and you should be fine.

Overall, Troy has a bit of that Detroit culture that is part of every Michigander. It is a pleasant place to visit, just be aware of your surroundings!
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Reason for reporting
Source: The Troy, MI data and statistics displayed above are derived from the 2016 United States Census Bureau American Community Survey (ACS).
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