Troy, TN
Population 1,915 · Tennessee
About Troy, TN
Troy is a small town located in Tennessee with a population of 1,915 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,656 per year, which is 30% below the national median of $75,149. The median age of 36 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Troy features a median home value of $110,800, which is 55% below the national median of $244,900. This makes Troy one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $764, 34% below the national average of $1,163/month. Of the 847 total housing units, 71% are owner-occupied (565 units) and 29% are renter-occupied (235 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Troy shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 13.3%, above the national average of 12.4%. Workers in Troy have an average one-way commute time of 18.5 minutes, one of the shorter commutes in the region.
Education & Demographics
19.4% 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 0.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Troy, TN
Compared to national averages, Troy has a median household income of $52,656 (30% below the national median of $75,149). Home values average $110,800, which is 55% below the national median. Monthly rent at $764 is 34% below the US average of $1,163. Within Tennessee, Troy's income is 16% below the state average of $62,849, and home values are 48% below the state median of $214,371.
Why Live in Troy, TN?
Troy offers affordable housing with a median home value of $110,800, below the US average of $244,900, and rent that’s lower than the national average at $764/month, and short commute times averaging just 18.5 minutes.
Potential considerations include median household income ($52,656) 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 1,915 with a median age of 36 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Troy
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tracy City | 1,924 | $38,250 | $116,000 | Compare |
| New Johnsonville | 1,930 | $75,114 | $138,200 | Compare |
| Valley Forge | 1,900 | $50,259 | $145,500 | Compare |
| Fairmount | 1,932 | $133,232 | $482,700 | Compare |
| Berry Hill | 1,944 | $76,709 | $513,700 | Compare |
| Central | 1,944 | $42,292 | $126,700 | Compare |
| Bon Aqua Junction | 1,877 | $33,295 | $174,800 | Compare |
| Three Way | 1,965 | $91,845 | $231,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Troy, TN is 1,915 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Troy?
The median household income in Troy, TN is $52,656 per year, which is 30% below the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, TN is $110,800, which is 55% 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, TN is $764, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, TN is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Troy, TN a good place to live?
Troy offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,915 and a median age of 36, the city appeals to a broad range of residents.
How educated is Troy, TN?
19.4% 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, TN: median home value is $110,800 (55% below national), median rent is $764/month, and median household income is $52,656. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Troy?
The poverty rate in Troy, TN is 13.3%, 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, TN?
Troy's population is 0.9% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 0.4% of residents are foreign-born.