Troy, IN
Population 539 · Indiana
About Troy, IN
Troy is a small community in Indiana with a population of 539 residents. The median household income is $50,000 per year, which is below the national average. The median age in Troy is 32.6 years.
Housing in Troy has a median home value of $95,600 and median monthly rent of $906. Of the 211 total housing units, the majority are owner-occupied, with 158 owner-occupied and 38 renter-occupied units.
The unemployment rate in Troy is 5.2% and the poverty rate is 8.0%. 15.4% of residents hold a bachelor's degree or higher. The average commute time is 19.9 minutes.
Cost of Living in Troy, IN
Compared to national averages, Troy has a median household income of $50,000 (33% below the national median of $75,149). Home values average $95,600, which is 61% below the national median. Monthly rent at $906 is 22% below the US average of $1,163. Within Indiana, Troy's income is 28% below the state average of $69,330, and home values are 41% below the state median of $163,409.
Why Live in Troy, IN?
Troy offers affordable housing with a median home value of $95,600, below the US average of $244,900, and rent that’s lower than the national average at $906/month, and a low poverty rate of 8.0%, better than the national average. Additionally, the city features short commute times averaging just 19.9 minutes.
Potential considerations include median household income ($50,000) 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 539 with a median age of 32.6 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Troy
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rosedale | 540 | $57,188 | $100,600 | Compare |
| Belleville | 536 | $71,484 | $219,200 | Compare |
| Etna Green | 535 | $64,342 | $111,000 | Compare |
| New Market | 544 | $72,917 | $136,900 | Compare |
| Bethel Village | 545 | $0 | $155,400 | Compare |
| Lake Village | 533 | $0 | $152,700 | Compare |
| Kewanna | 546 | $40,750 | $65,000 | Compare |
| Laketon | 532 | $78,750 | $196,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
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, IN?
The population of Troy, IN is 539 according to the latest Census data.
What is the median household income in Troy?
The median household income in Troy, IN is $50,000 per year.
What is the median home value in Troy?
The median home value in Troy, IN is $95,600.
What is the average rent in Troy?
The median monthly rent in Troy, IN is $906.
What is the unemployment rate in Troy?
The unemployment rate in Troy, IN is 5.2%.