Troy, TX
Population 2,628 · Texas
About Troy, TX
Troy is a small town located in Texas with a population of 2,628 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,193 per year, which is 8% above the national median of $75,149. The median age of 32.5 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 $188,200, which is 23% 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 $1,141, 2% below the national average of $1,163/month. Of the 951 total housing units, 67% are owner-occupied (616 units) and 33% are renter-occupied (305 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Troy shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Troy have an average one-way commute time of 23.2 minutes.
Education & Demographics
24.3% of Troy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 24.9% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 4.0% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Troy, TX
Compared to national averages, Troy has a median household income of $81,193 (8% above the national median of $75,149). Home values average $188,200, which is 23% below the national median. Monthly rent at $1,141 is 2% below the US average of $1,163. Within Texas, Troy's income is 12% above the state average of $72,726, and home values are 11% below the state median of $211,769.
Why Live in Troy, TX?
Troy offers a strong local economy with a median household income of $81,193, well above the national average, and affordable housing with a median home value of $188,200, below the US average of $244,900, and rent that’s lower than the national average at $1,141/month. Additionally, the city features a low poverty rate of 6.2%, better than the national average, and short commute times averaging just 23.2 minutes.
Troy has a population of 2,628 with a median age of 32.5 years. Compare Troy with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Troy
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Briarcliff | 2,630 | $129,524 | $477,400 | Compare |
| Merkel | 2,630 | $62,368 | $99,000 | Compare |
| Pottsboro | 2,624 | $75,909 | $246,300 | Compare |
| Overton | 2,633 | $76,384 | $114,100 | Compare |
| Floydada | 2,618 | $45,848 | $83,400 | Compare |
| Westworth Village | 2,618 | $90,750 | $330,000 | Compare |
| Panhandle | 2,613 | $86,354 | $151,800 | Compare |
| Seymour | 2,607 | $38,984 | $90,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of Troy, TX is 2,628 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Troy?
The median household income in Troy, TX is $81,193 per year, which is 8% above the national median of $75,149.
What is the median home value in Troy?
The median home value in Troy, TX is $188,200, which is 23% 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, TX is $1,141, which is 2% below the national average of $1,163/month.
What is the unemployment rate in Troy?
The unemployment rate in Troy, TX is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Troy, TX a good place to live?
Troy offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,628 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Troy, TX?
24.3% 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, TX: median home value is $188,200 (23% below national), median rent is $1,141/month, and median household income is $81,193. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Troy?
The poverty rate in Troy, TX is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Troy, TX?
Troy's population is 24.9% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 4.0% Asian, and 2.8% two or more races. 2.7% of residents are foreign-born.