Located in the state of New York, Troy is a medium-sized city with a population of 49,881 people. In Troy, there are 4,816 people per square mile, which is well above the national population density average. If we look at the most recent Census, Troy is known to have a predominantly White population. The next two most common races are Black and Asian. If you are a young adult or student, you might be pleased to know that the average age of all Troy residents is 31.
Living in Troy can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of New York, there are many incredible places to live, so choose wisely! The best areas in Troy and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the New York and national averages.
Using data and statistics Troy has received a livability score of 58 out of 100. This score is ranked in the 13th percentile when compared to all other cities. This is a poor rating when compared to the average of other places in the country. If we examine each of the categories individually, we see that Troy ranks well for amenities (A+). Troy does not score well for the following: crime (F), weather (D-), education (F), employment (F) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Troy on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Troy: The Children's Museum of Science and Technology (The Junior Museum), Troy Waterfront Farmers' Market, and Contemporary Artists Center.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Troy is actually affordable. Median real estate prices in Troy come in at $144,300, which is 49.6% lower than the New York average. The home price to income ratio compares the median home prices to the median household income. In Troy, the home price to income ratio is 3.6, which is 23.4% lower than the New York average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Troy were 6.7%, and the 5 year appreciation rates came in at 2.9%.
|Buckingham Lake-Crestwood, Albany||78||8.6||4,881|
|Campus Area-University District, Albany||74||8.6||11,996|
|Center Square, Albany||71||7.3||2,744|