New Troy, MI
Population 379 · Michigan
About New Troy, MI
New Troy is a small community in Michigan with a population of 379 residents. The median household income is $60,250 per year, which is near the national average. The median age in New Troy is 33.9 years.
Housing in New Troy has a median home value of $174,400 and median monthly rent of $975. Of the 171 total housing units, the majority are owner-occupied, with 119 owner-occupied and 35 renter-occupied units.
The unemployment rate in New Troy is 0.0% and the poverty rate is 29.1%. 9.9% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
Cost of Living in New Troy, MI
Compared to national averages, New Troy has a median household income of $60,250 (20% below the national median of $75,149). Home values average $174,400, which is 29% below the national median. Monthly rent at $975 is 16% below the US average of $1,163. Within Michigan, New Troy's income is 9% below the state average of $66,017, and home values are 5% below the state median of $183,391.
Why Live in New Troy, MI?
New Troy offers affordable housing with a median home value of $174,400, below the US average of $244,900, and rent that’s lower than the national average at $975/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.6 minutes.
Potential considerations include median household income ($60,250) that falls below the national average. However, New Troy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Troy has a population of 379 with a median age of 33.9 years. Compare New Troy with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near New Troy
Cities in Michigan with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Troy With Other Cities
Frequently Asked Questions about New Troy
What is the population of New Troy, MI?
The population of New Troy, MI is 379 according to the latest Census data.
What is the median household income in New Troy?
The median household income in New Troy, MI is $60,250 per year.
What is the median home value in New Troy?
The median home value in New Troy, MI is $174,400.
What is the average rent in New Troy?
The median monthly rent in New Troy, MI is $975.
What is the unemployment rate in New Troy?
The unemployment rate in New Troy, MI is 0.0%.