Troy, IL
Population 10,889 · Illinois
About Troy, IL
Troy is a mid-sized city in Illinois with a population of 10,889 residents. The median household income is $97,825 per year, which is above the national average. The median age in Troy is 35.8 years.
Housing in Troy has a median home value of $240,800 and median monthly rent of $1,060. Of the 4,591 total housing units, the majority are owner-occupied, with 2,867 owner-occupied and 1,379 renter-occupied units.
The unemployment rate in Troy is 2.4% and the poverty rate is 1.6%. 45.5% of residents hold a bachelor's degree or higher. The average commute time is 24.9 minutes.
Cost of Living in Troy, IL
Compared to national averages, Troy has a median household income of $97,825 (30% above the national median of $75,149). Home values average $240,800, which is 2% below the national median. Monthly rent at $1,060 is 9% below the US average of $1,163. Within Illinois, Troy's income is 30% above the state average of $75,072, and home values are 45% above the state median of $165,779.
Why Live in Troy, IL?
Troy offers a strong local economy with a median household income of $97,825, well above the national average, and affordable housing with a median home value of $240,800, below the US average of $244,900, and rent that’s lower than the national average at $1,060/month. Additionally, the city features a strong job market with an unemployment rate of just 2.4%, and a well-educated community where 45.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.6%, better than the national average, and short commute times averaging just 24.9 minutes.
Troy has a population of 10,889 with a median age of 35.8 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Troy
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Summit | 10,896 | $60,417 | $224,800 | Compare |
| Roscoe | 10,881 | $97,704 | $215,200 | Compare |
| Fox Lake | 10,872 | $69,896 | $219,300 | Compare |
| Worth | 10,731 | $56,998 | $220,200 | Compare |
| Barrington | 11,049 | $150,714 | $580,900 | Compare |
| Campton Hills | 10,724 | $192,727 | $510,100 | Compare |
| Waterloo | 11,055 | $92,005 | $237,900 | Compare |
| Columbia | 11,063 | $107,922 | $290,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
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, IL?
The population of Troy, IL is 10,889 according to the latest Census data.
What is the median household income in Troy?
The median household income in Troy, IL is $97,825 per year.
What is the median home value in Troy?
The median home value in Troy, IL is $240,800.
What is the average rent in Troy?
The median monthly rent in Troy, IL is $1,060.
What is the unemployment rate in Troy?
The unemployment rate in Troy, IL is 2.4%.