Troy, ID
Population 908 · Idaho
About Troy, ID
Troy is a small community located in Idaho with a population of 908 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,589 per year, which is 17% above the national median of $75,149. The median age of 44.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Troy features a median home value of $270,800, which is 11% above 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 $958, 18% below the national average of $1,163/month. Of the 400 total housing units, 86% are owner-occupied (325 units) and 14% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Troy shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Troy have an average one-way commute time of 29 minutes.
Education & Demographics
33.7% 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 3.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 1.3% of the population being foreign-born.
How Troy Ranks in Idaho
Cost of Living in Troy, ID
Compared to national averages, Troy has a median household income of $87,589 (17% above the national median of $75,149). Home values average $270,800, which is 11% above the national median. Monthly rent at $958 is 18% below the US average of $1,163. Within Idaho, Troy's income is 34% above the state average of $65,190, and home values are 1% below the state median of $274,721.
Why Live in Troy, ID?
Troy offers a strong local economy with a median household income of $87,589, well above the national average, and rent that’s lower than the national average at $958/month, and a low poverty rate of 2.6%, better than the national average.
Troy has a population of 908 with a median age of 44.7 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Idaho.
Similar Cities Near Troy
Cities in Idaho with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Troy
What is the population of Troy, ID?
The population of Troy, ID is 908 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Troy?
The median household income in Troy, ID is $87,589 per year, which is 17% above the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, ID is $270,800, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Troy?
The median monthly rent in Troy, ID is $958, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, ID is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Troy, ID a good place to live?
Troy offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 908 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is Troy, ID?
33.7% of residents in Troy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Troy?
Key cost-of-living indicators for Troy, ID: median home value is $270,800 (11% above national), median rent is $958/month, and median household income is $87,589. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Troy?
The poverty rate in Troy, ID is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Troy, ID?
Troy's population is 3.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.