Troy, TN demographics:
population, income, and more

Total population
1,827
-4.6% year-over-year change
Median household income
$51,711/yr
-1.8% year-over-year change
Housing units
832
-1.8% year-over-year change

Troy population

How many people live in Troy

Troy is home to 1,827 residents, according to the most recent Census data. Gender-wise, 46.6% of Troy locals are male, and 53.4% are female.

Total population
1,827
-4.6% year-over-year change
Gender ratio
Male
46.6%
851
Female
53.4%
976
Value Percent YoY change
Male 851 46.6% -2.4%
Female 976 53.4% -6.4%
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 37, with the population distributed as follows: about 17.3% are children under 15, then 12.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 34.8% of the population, while another 15.8% fall into the 45 to 64 bracket. Finally, around 19.2% are 65 or older.

Median age
37.3
Age breakdown
Under 15
17.3%
15 to 24
12.9%
25 to 44
34.8%
45 to 64
15.8%
Over 65
19.2%
Value Percent YoY change
Under 15 316 17.3% -13.9%
15 to 24 236 12.9% 2.2%
25 to 44 636 34.8% -1.7%
45 to 64 288 15.8% -4.6%
Over 65 351 19.2% -4.6%
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

In Troy, 99.8% of the population are US-born citizens, while 0.2% have gained naturalized citizenship. There’s also a share of 1.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.8%
Non-U.S.-born citizens
0.2%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 1,824 99.8% -4.2%
Non-U.S.-born citizens 3 0.2% -62.5%
Racial breakdown
White
98%
Black or African American
0.4%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.6%
Other
0%
Value Percent
White 1,790 98%
Black or African American 8 0.4%
Two or more races 29 1.6%

Households in Troy

A peek inside Troy households

Troy has 792 households, with an average of 2 members in each. Of these, 54.9% are families, while the remaining 45.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
792
-1.0% year-over-year change
Average people per household
2
Non-family households
357
Family households
435
Value Percent YoY change
Non-family households 357 45.1% 0.6%
Family households 435 54.9% -2.2%
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 832 units, with 70.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 20.1% of the housing landscape.

Housing units
832
-1.8% year-over-year change
Housing types
Value Percent
1 unit, detached 583 70.1%
1 unit, attached 5 0.6%
2 units 16 1.9%
3 or 4 units 11 1.3%
5 to 9 units 50 6%
Mobile home 167 20.1%
Homes built since 2020
29
% year-over-year change

The age of buildings in Troy

In Troy, the median construction year is 1984. About 7.3% of homes were built before the 1940s, with another 4.8% going up by 1949. Most development happened in the second half of the 20th century. Then, 6.5% of homes were added from 2000 to 2009, 13.6% between 2010 and 2019, and 3.5% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 61 7.3% -14.1%
Built between 1940 and 1949 40 4.8% 60.0%
Built between 1950 and 1959 43 5.2% -21.8%
Built between 1960 and 1969 86 10.3% 11.7%
Built between 1970 and 1979 138 16.6% 3.0%
Built between 1980 and 1989 136 16.4% -17.6%
Built between 1990 and 1999 132 15.9% -20.0%
Built between 2000 and 2009 54 6.5% 25.6%
Built between 2010 and 2019 113 13.6% 0.9%
Built in 2020 or later 29 3.5% N/A
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 792 occupied housing units in Troy, 70.8% are owner-occupied, while 29.2% are lived in by tenants. Meanwhile, 4.8% of all homes on the local market sit vacant.

Occupied housing units
792
-1.0% year-over-year change
Occupancy breakdown
Renter occupied
231
Owner occupied
561
Value Percent YoY
change
Renter occupied 231 29.2% -1.7%
Owner occupied 561 70.8% -0.7%
Unoccupied housing units
4.8%
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 $733 per month, while tenants specifically pay a median gross rent of $692.

Median housing costs per month
$733/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
$692/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 56.5% of the population in Troy went to high school, while 19.3% pursued college studies. Another 3% earned an associate degree and 12% hold a bachelor’s. Meanwhile, 6.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 42 2.9% -17.6%
High school diploma 822 56.5% -5.0%
College diploma 281 19.3% 6.4%
Associate degree 43 3% -21.8%
Bachelor's degree 174 12% -2.2%
Graduate degree 92 6.3% 4.5%
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 $63,750 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +7% change from the previous year. At the same time, the median income stood at $51,711, reflecting a -1.8% shift over the same period.

Average household income in Troy
$63,750/year
7.0% year-over-year change
Median household income in Troy
$51,711/year
-1.8% 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 $77,262. Those with someone between 45 and 64 in charge, often well established professionally, earn $58,750 overall. Overall, 86.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $77,262 19.9%
45 - 64 $58,750 32.8%
Over 65 $38,523 9.1%
Above poverty level
1,535
Below poverty level
242
Value Percent YoY
change
Above poverty level 1,535 86.4% -2.9%
Below poverty level 242 13.6% -1.6%

Average renter income in Troy

To get a better sense of what renters earn on average in Troy, their median household income was $45,500 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 18.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$45,500
Rent-to-income ratio
18.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Troy

Workforce and job types in Troy

The job market in Troy is powered by 937 working residents, spread across a range of industries and roles. 65% of the working population are employed in professional or administrative positions, while 35% are in hands-on or service-based jobs. Also, 5.4% run their own businesses, 62.3% are employed by private companies, and 19.5% work in the public sector.

Workforce demographics

Working population
937
2.9% year-over-year change
White collar
609
Blue collar
328
Value Percent YoY change
White collar 609 65% 8.8%
Blue collar 328 35% -6.5%
Employer type
Self employees
5.4%
Private companies
62.3%
Governmental workers
19.5%
Not for profit companies
12.7%
Value Percent YoY change
Self employees 51 5.4% 75.9%
Private companies 584 62.3% 1.0%
Governmental workers 183 19.5% 7.0%
Not for profit companies 119 12.7% -10.5%
Unemployment rate
2.2%
-51.2% year-over-year change

Available workforce

The unemployment rate in Troy stands at 2.2%, 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

Means of transportation
Value Percent YoY change
Car 896 97.5% 6.2%
Bus or trolleybus 2 0.2% N/A
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
38260 3,720 1,641 $49,139 $66,090

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FAQs about Troy demographics 

What is the total population of Troy?

Troy has a total population of 1,827 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 -4.6% compared to a year ago.

What is the gender ratio in Troy?

The gender ratio in Troy is as follows:
  • 46.6% males (851 residents)
  • 53.4% females (976 residents)

What is the median age in Troy?

The median age in Troy is 37.3.

What is the age distribution of the population in Troy?

The age distribution in Troy is as follows:
  • Under 15: 17.3% (316 residents)
  • Ages 15-24: 12.9% (236 residents)
  • Ages 25-44: 34.8% (636 residents)
  • Ages 45-64: 15.8% (288 residents)
  • Over 65: 19.2% (351 residents)

What is the racial and ethnic makeup of Troy?

The racial and ethnic makeup of Troy is as follows:
  • White: 98% (1,790 residents)
  • Black or African American: 0.4% (8 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: 1.6% (29 residents)
  • Other: 0% (0 residents)

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

U.S.-born citizens represent 99.8% of the population in Troy.

How many housing units are there in Troy?

There are 832 housing units in Troy, reflecting a -1.8% 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 792 households, with an average of 2 people in each.

What is the median household income in Troy?

Troy has a median household income of $51,711, representing a -1.8% 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 97.8% in Troy, with a workforce of 937 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 65% (609 residents)
  • Blue-collar workers: 35% (328 residents)

Places of employment:
  • Self-employed: 5.4% (51 residents)
  • Private companies: 62.3% (584 residents)
  • Governmental workers: 19.5% (183 residents)
  • Not-for-profit companies: 12.7% (119 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