Troy, MI Demographics

The total population of Troy is estimated to be 87,170 with 44,942 males (51.56%) and 42,228 females (48.44%). There are 2,714 less females than males in Troy.
The median household income in Troy was $116,252 in 2021, which marked an a decrease of 1,744(1.48%) from $117,996 in 2020. This income is 155.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Troy, the median income for all workers aged 15 years and older, regardless of work hours, was $62,804 for males and $39,728 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $98,040 for males and $73,653 for females.
In Troy, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $152,993, while Black or African American households represent the opposite end with the lowest median household income of $43,984.
In 2022, the population of Troy was 87,201, a 0.45% decrease year-by-year from 2021. Previously, in 2021, Troy's population was 87,592, an increase of 0.59% compared to a population of 87,076 in 2020.
The median age in Troy, MI is 42.1, as per 2021 ACS 5-Year Estimates. Of the total population, 16.62% were under the age of 15, 19.09% aged 15 to 29, 46.88% aged 30 to 64, 15.79% aged 65 to 84, and 1.63% were 85 years of age and older.
Racial distribution of Troy population: 65.86% are White, 3.62% are Black or African American, 0.23% are American Indian and Alaska Native, 25.76% are Asian, 0.01% are Native Hawaiian and other Pacific Islander, 0.93% are some other race and 3.58% are multiracial.