Troy, MI
87,898Residents
$120,045Median household income
$1,602/moMedian gross rent
$420,300Median home value
42.0Median age
65%Adults with a bachelor’s degree or higher
73%Homes lived in by their owners
3.5×Home value to household income
Median rent takes about 16% of the median household income in Troy.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $64,000 a year. In Michigan that leaves roughly $4,240 a month after tax. See the full paycheck breakdown for $65,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.