Troy, MT
Population 906 · Montana
About Troy, MT
Troy is a small community located in Montana with a population of 906 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,641 per year, which is 51% below the national median of $75,149. The median age of 29.6 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 $182,100, which is 26% 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 $573, 51% below the national average of $1,163/month. Of the 388 total housing units, 83% are owner-occupied (266 units) and 17% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Troy shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 31.3%, above the national average of 12.4%. Workers in Troy have an average one-way commute time of 20.9 minutes.
Education & Demographics
10.6% of Troy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Troy Ranks in Montana
Cost of Living in Troy, MT
Compared to national averages, Troy has a median household income of $36,641 (51% below the national median of $75,149). Home values average $182,100, which is 26% below the national median. Monthly rent at $573 is 51% below the US average of $1,163. Within Montana, Troy's income is 44% below the state average of $65,821, and home values are 37% below the state median of $288,703.
Why Live in Troy, MT?
Troy offers affordable housing with a median home value of $182,100, below the US average of $244,900, and rent that’s lower than the national average at $573/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($36,641) 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 906 with a median age of 29.6 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Troy
Cities in Montana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
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, MT?
The population of Troy, MT is 906 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Troy?
The median household income in Troy, MT is $36,641 per year, which is 51% below the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, MT is $182,100, which is 26% below 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, MT is $573, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, MT is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Troy, MT a good place to live?
Troy offers a moderate cost of living, affordable housing, and a strong job market. With a population of 906 and a median age of 29.6, the city appeals to young professionals and families.
How educated is Troy, MT?
10.6% 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, MT: median home value is $182,100 (26% below national), median rent is $573/month, and median household income is $36,641. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Troy?
The poverty rate in Troy, MT is 31.3%, 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, MT?
Troy's population is 0.0% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.