Troy, IN demographics:
population, income, and more

Total population
608
12.8% year-over-year change
Median household income
$52,639/yr
5.3% year-over-year change
Housing units
232
9.9% year-over-year change

Troy population

How many people live in Troy

Troy is home to 608 residents, according to the most recent Census data. Gender-wise, 40.1% of Troy locals are male, and 59.9% are female.

Total population
608
12.8% year-over-year change
Gender ratio
Male
40.1%
244
Female
59.9%
364
Value Percent YoY change
Male 244 40.1% 11.4%
Female 364 59.9% 13.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Troy is 32, with the population distributed as follows: about 37.5% are children under 15, then 4.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 32.7% of the population, while another 10.2% fall into the 45 to 64 bracket. Finally, around 15.3% are 65 or older.

Median age
32
Age breakdown
Under 15
37.5%
15 to 24
4.3%
25 to 44
32.7%
45 to 64
10.2%
Over 65
15.3%
Value Percent YoY change
Under 15 228 37.5% 8.6%
15 to 24 26 4.3% 8.3%
25 to 44 199 32.7% 33.6%
45 to 64 62 10.2% 6.9%
Over 65 93 15.3% -5.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 6.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 608 100% 12.8%
Racial breakdown
White
93.3%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.7%
Other
0%
Value Percent
White 567 93.3%
Two or more races 41 6.7%

Households in Troy

A peek inside Troy households

Troy has 217 households, with an average of 3 members in each. Of these, 72.4% are families, while the remaining 27.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
217
10.7% year-over-year change
Average people per household
3
Non-family households
60
Family households
157
Value Percent YoY change
Non-family households 60 27.6% 15.4%
Family households 157 72.4% 9.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Troy

The housing landscape of Troy

Troy's housing consists of 232 units, with 60.8% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 35.3% of the housing landscape.

Housing units
232
9.9% year-over-year change
Housing types
Value Percent
1 unit, detached 141 60.8%
2 units 7 3%
Mobile home 82 35.3%
Boat, RV, van, etc. 2 0.9%
Homes built since 2020
1
0.0% year-over-year change

The age of buildings in Troy

In Troy, the median construction year is 1966. About 26.7% of homes were built before the 1940s, with another 7.8% going up by 1949. Most development happened in the second half of the 20th century. Then, 3.9% of homes were added from 2000 to 2009, 0.9% between 2010 and 2019, and 0.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 62 26.7% 0.0%
Built between 1940 and 1949 18 7.8% 38.5%
Built between 1950 and 1959 29 12.5% 3.6%
Built between 1960 and 1969 11 4.7% 22.2%
Built between 1970 and 1979 9 3.9% -35.7%
Built between 1980 and 1989 63 27.2% 5.0%
Built between 1990 and 1999 28 12.1% 133.3%
Built between 2000 and 2009 9 3.9% -10.0%
Built between 2010 and 2019 2 0.9% 0.0%
Built in 2020 or later 1 0.4% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Troy occupancy rates

Out of the 217 occupied housing units in Troy, 75.1% are owner-occupied, while 24.9% are lived in by tenants. Meanwhile, 6.5% of all homes on the local market sit vacant.

Occupied housing units
217
10.7% year-over-year change
Occupancy breakdown
Renter occupied
54
Owner occupied
163
Value Percent YoY
change
Renter occupied 54 24.9% 42.1%
Owner occupied 163 75.1% 3.2%
Unoccupied housing units
6.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Troy housing costs

Housing costs in Troy come to a median of $700 per month, while tenants specifically pay a median gross rent of $939.

Median housing costs per month
$700/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Troy
$939/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Troy

Troy education at a glance

About 38.1% of the population in Troy went to high school, while 38.1% pursued college studies. Another 9.3% earned an associate degree and 12.2% hold a bachelor’s. Meanwhile, 0.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 8 2.1% 60.0%
High school diploma 144 38.1% 9.9%
College diploma 144 38.1% 16.1%
Associate degree 35 9.3% 105.9%
Bachelor's degree 46 12.2% -2.1%
Graduate degree 1 0.3% -50.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Troy

How much people earn in Troy

The average annual household income in Troy was $74,364 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +2.7% change from the previous year. At the same time, the median income stood at $52,639, reflecting a +5.3% shift over the same period.

Average household income in Troy
$74,364/year
2.7% year-over-year change
Median household income in Troy
$52,639/year
5.3% year-over-year change

Troy income by age

In Troy, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $58,750. Those with someone between 45 and 64 in charge, often well established professionally, earn $53,611 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $43,750, while those led by someone over 65, many of whom may be retired, have about $48,077 in earnings. Overall, 91.7% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $43,750 5.6%
25 - 44 $58,750 0.2%
45 - 64 $53,611 4.0%
Over 65 $48,077 4.7%
Above poverty level
551
Below poverty level
50
Value Percent YoY
change
Above poverty level 551 91.7% 11.1%
Below poverty level 50 8.3% 25.0%

Employment in Troy

Workforce and job types in Troy

The job market in Troy is powered by 219 working residents, spread across a range of industries and roles. 55.2% of the working population are employed in professional or administrative positions, while 44.8% are in hands-on or service-based jobs. Also, 2.3% run their own businesses, 84% are employed by private companies, and 8.2% work in the public sector.

Workforce demographics

Working population
219
34.4% year-over-year change
White collar
121
Blue collar
98
Value Percent YoY change
White collar 121 55.2% 59.2%
Blue collar 98 44.8% 12.6%
Employer type
Self employees
2.3%
Private companies
84%
Governmental workers
8.2%
Not for profit companies
5.5%
Value Percent YoY change
Self employees 5 2.3% 25.0%
Private companies 184 84% 35.3%
Governmental workers 18 8.2% 38.5%
Not for profit companies 12 5.5% 20.0%
Unemployment rate
3.1%
-22.2% year-over-year change

Available workforce

The unemployment rate in Troy stands at 3.1%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Troy

How people get around in Troy

Commuting methods vary: 89.5% of residents travel by personal vehicle and 0.9% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 196 89.5% 27.3%
Subway or elevated 1 0.5% N/A
Walk 2 0.9% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Troy by zipcode?

Zipcode Population Number of households Median income Average income
47588 921 326 $57,315 $76,176

Explore more communities

FAQs about Troy demographics 

What is the total population of Troy?

Troy has a total population of 608 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +12.8% compared to a year ago.

What is the gender ratio in Troy?

The gender ratio in Troy is as follows:
  • 40.1% males (244 residents)
  • 59.9% females (364 residents)

What is the median age in Troy?

The median age in Troy is 32.

What is the age distribution of the population in Troy?

The age distribution in Troy is as follows:
  • Under 15: 37.5% (228 residents)
  • Ages 15-24: 4.3% (26 residents)
  • Ages 25-44: 32.7% (199 residents)
  • Ages 45-64: 10.2% (62 residents)
  • Over 65: 15.3% (93 residents)

What is the racial and ethnic makeup of Troy?

The racial and ethnic makeup of Troy is as follows:
  • White: 93.3% (567 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 6.7% (41 residents)
  • Other: 0% (0 residents)

What percentage of the population in Troy are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Troy.

How many housing units are there in Troy?

There are 232 housing units in Troy, reflecting a +9.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Troy and what is the average household size?

Troy has a total of 217 households, with an average of 3 people in each.

What is the median household income in Troy?

Troy has a median household income of $52,639, representing a +5.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Troy?

The employment rate is 96.9% in Troy, with a workforce of 219 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 55.2% (121 residents)
  • Blue-collar workers: 44.8% (98 residents)

Places of employment:
  • Self-employed: 2.3% (5 residents)
  • Private companies: 84% (184 residents)
  • Governmental workers: 8.2% (18 residents)
  • Not-for-profit companies: 5.5% (12 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025