Troy, NY
Population 51,054 · New York
About Troy, NY
Troy is a mid-sized city in New York with a population of 51,054 residents. The median household income is $57,688 per year, which is near the national average. The median age in Troy is 33 years.
Housing in Troy has a median home value of $192,500 and median monthly rent of $1,134. Of the 25,066 total housing units, renting is more common than owning, with 7,856 owner-occupied and 13,467 renter-occupied units.
The unemployment rate in Troy is 9.4% and the poverty rate is 23.8%. 36.8% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
How Troy Ranks in New York
Cost of Living in Troy, NY
Compared to national averages, Troy has a median household income of $57,688 (23% below the national median of $75,149). Home values average $192,500, which is 21% below the national median. Monthly rent at $1,134 is 2% below the US average of $1,163. Within New York, Troy's income is 41% below the state average of $96,987, and home values are 50% below the state median of $387,181.
Why Live in Troy, NY?
Troy offers affordable housing with a median home value of $192,500, below the US average of $244,900, and rent that’s lower than the national average at $1,134/month, and a well-educated community where 36.8% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 21.1 minutes.
Potential considerations include median household income ($57,688) that falls below the national average. However, as a mid-sized city, Troy provides access to a wide range of amenities and services.
Troy has a population of 51,054 with a median age of 33 years. Compare Troy with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Troy
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Levittown | 51,557 | $139,696 | $564,000 | Compare |
| Irondequoit | 50,438 | $76,871 | $169,000 | Compare |
| Niagara Falls | 48,198 | $48,535 | $104,400 | Compare |
| Binghamton | 47,357 | $44,331 | $117,400 | Compare |
| West Seneca | 45,329 | $75,465 | $215,000 | Compare |
| Tonawanda Town | 56,973 | $76,644 | $199,400 | Compare |
| Freeport | 44,102 | $118,755 | $479,700 | Compare |
| Hicksville | 43,868 | $148,008 | $617,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Troy, NY is 51,054 according to the latest Census data.
What is the median household income in Troy?
The median household income in Troy, NY is $57,688 per year.
What is the median home value in Troy?
The median home value in Troy, NY is $192,500.
What is the average rent in Troy?
The median monthly rent in Troy, NY is $1,134.
What is the unemployment rate in Troy?
The unemployment rate in Troy, NY is 9.4%.