|Year||Population||Rank in US||Growth Rate|
Based on the latest 2022 data from the US census, the current population of Troy is 86,836. Troy, Michigan is the 398th largest city in the US.
Troy is located entirely in Oakland County.
The peak population of Troy was in 2020, when its population was 87,125. In 2020, Troy was the 397th largest city in the US; now its fallen to the 398th largest city in the US. Troy is currently 0.3% smaller than it was in 2020.
Troy has grown 7.2% since the 2000. Troy, Michigan's growth is below average. 68% of similarly sized cities are growing faster since 2000.
Troy has a population density of 2,419.3 people per square mile.
|392||Santa Fe, New Mexico||88,193||39.3%|
|395||Citrus Heights, California||87,402||2.3%|
|396||San Ramon, California||86,947||93.5%|
|404||Deerfield Beach, Florida||86,339||16.0%|
The total voting age population of Troy, Michigan, meaning US citizens 18 or older, is 55,898. The voting age population is 49.3% male and 50.7% female.
According to the latest census statistics, 17.2% of the residents of Troy are 65 or older.
The racial demographics of Troy are 67.5% White, 25.6% Asian, 3.6% Black, 2.4% Two or more races, 0.5% Other and 0.4% American Indian. Additionally, 2.4% of the population identifies as Hispanic.
In Troy, 5.1% of residents have an income below the poverty line, and the child poverty rate is 5.1%. On a per-household basis, 3.6% of families are below the poverty line in Troy.
Among those aged 16 and older, 63.6% of Troy residents are in the labor force.
Among the adult population 25 years old and over, 96.1% of Troy residents have at least a high school degree or equivalent, 60.8% have a bachelor's degree and 29.4% have a graduate or professional degree.
Among Troy residents aged 5 and older, 33.1% of them speak a non-English language at home. Broken down by language: 1.7% of residents speak Spanish at home, 12.3% speak an Indo-European language, and 14.7% speak an Asian language.
The unemployment rate in Troy is 3.5%, which is calculated among residents aged 16 or older who are in the labor force.
In Troy, 8.9% of the residents in the non-military labor force are employed by the local, state and federal government.
The median household income in Troy is $101,882.
In Troy, 73.8% of housing units are occupied by their owners.
Renters occupy 26.2% of housing units in Troy.
Of all the housing units in Troy, 2.1% of them were build before 1940.
In Troy, 9.6% of the total housing units were built after the year 2000, which is approximately 3,200 units.
The median gross monthly rent payment for renters in Troy is $1,215.
In Troy, 93.2% of households have an active broadband internet connection.