Troy, AL
Population 17,733 · Alabama
About Troy, AL
Troy is a mid-sized city located in Alabama with a population of 17,733 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,595 per year, which is 37% below the national median of $75,149. The median age of 24.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Troy features a median home value of $214,100, which is 13% below the national median of $244,900. This positions Troy in a moderately priced market relative to the rest of the country. Median monthly rent is $943, 19% below the national average of $1,163/month. Of the 8,022 total housing units, 47% are owner-occupied (2,987 units) and 53% are renter-occupied (3,346 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Troy shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 26.1%, above the national average of 12.4%. Workers in Troy have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
36.5% of Troy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.2% White, 1.0% Hispanic or Latino, 0.2% Black or African American, and 0.6% Asian residents, with 3.8% of the population being foreign-born.
Climate & Weather
Troy experiences an annual average temperature of 67°F with 45.66" of precipitation per year. The warm climate makes it appealing for those who prefer mild winters and plenty of sunshine. Summer highs average around 93°F (July–August), while winter lows dip to approximately 44°F (December–January).
How Troy Ranks in Alabama
Cost of Living in Troy, AL
Compared to national averages, Troy has a median household income of $47,595 (37% below the national median of $75,149). Home values average $214,100, which is 13% below the national median. Monthly rent at $943 is 19% below the US average of $1,163. Within Alabama, Troy's income is 18% below the state average of $57,952, and home values are 34% above the state median of $159,358.
Why Live in Troy, AL?
Troy offers affordable housing with a median home value of $214,100, below the US average of $244,900, and rent that’s lower than the national average at $943/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a well-educated community where 36.5% of residents hold a bachelor’s degree or higher, and short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($47,595) that falls below the national average. However, Troy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Troy has a population of 17,733 with a median age of 24.7 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Troy
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tillmans Corner | 17,678 | $52,249 | $155,000 | Compare |
| Selma | 17,442 | $32,184 | $102,500 | Compare |
| Calera | 17,188 | $82,441 | $214,200 | Compare |
| Millbrook | 16,923 | $64,522 | $193,600 | Compare |
| Muscle Shoals | 16,670 | $70,927 | $198,300 | Compare |
| Cullman | 18,894 | $63,704 | $215,200 | Compare |
| Hueytown | 16,541 | $62,362 | $142,900 | Compare |
| Prichard | 19,121 | $35,331 | $79,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Climate & Weather in Troy
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 63 | 69 | 72 | 77 | 84 | 88 | 93 | 94 | 88 | 76 | 67 | 60 |
| Low °F | 45 | 51 | 52 | 56 | 62 | 68 | 73 | 74 | 67 | 56 | 48 | 43 |
| Rain " | 5.0 | 2.8 | 6.0 | 4.9 | 4.4 | 5.4 | 2.2 | 4.8 | 1.0 | 3.7 | 3.6 | 1.6 |
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Troy With Other Cities
Frequently Asked Questions about Troy
What is the population of Troy, AL?
The population of Troy, AL is 17,733 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Alabama.
What is the median household income in Troy?
The median household income in Troy, AL is $47,595 per year, which is 37% below the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, AL is $214,100, which is 13% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Troy?
The median monthly rent in Troy, AL is $943, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, AL is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Troy, AL a good place to live?
Troy offers a moderate cost of living, affordable housing, and a strong job market. With a population of 17,733 and a median age of 24.7, the city appeals to young professionals and families.
How educated is Troy, AL?
36.5% of residents in Troy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Troy?
Key cost-of-living indicators for Troy, AL: median home value is $214,100 (13% below national), median rent is $943/month, and median household income is $47,595. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Troy?
The poverty rate in Troy, AL is 26.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Troy, AL?
Troy's population is 1.2% White, 1.0% Hispanic or Latino, 0.2% Black or African American, 0.6% Asian, and 40.8% two or more races. 3.8% of residents are foreign-born.