Troy, a city located in the state of Michigan (MI), is home to a population of approximately 87,170 people. Troy boasts a median age of 42.1, with around 24.2% of its residents aged 60 or above. 4.5% of the population identifies as US Veterans. 8.6% of Troy residents are disabled. The city has an average household income of $115,639, while the unemployment rate stands at 3.9%, and around 5.9% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Troy is $376,220, with a monthly rent averaging $1,461.