Michigan / Oakland County

Moving to Troy, MI

Thinking of making a move to Troy, MI? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Troy, MI

Considering a move to Troy, MI? This welcoming community of 87,000 residents offers a blend of suburban charm and convenience, with median home prices around $430,000 and average rents near $1,750. Commute times average 29 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (54% annually), ideal for families and commuters alike. Explore Troy's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Troy, MI

Troy has a population of 87,000 residents, offering a diverse community with a median age of nearly 40 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 69% White, 6% Black, and 20% Asian residents, and over 18% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
87,000
Density
3,100 per sq mi
Median Age
40.1
Gender Ratio
94 males per 100 females
Non-English Speakers Percentage
18.0%

Ethnic Composition

White
69.0%
Black
5.8%
Asian
20.0%
Others
5.2%

Cost Of Living

What is the average cost of living in Troy, MI?

The cost of living in Troy is higher than the national average, with a cost of living index of 118.4. Median home values are around $430,000 and average rents for a two-bedroom apartment are approximately $1,750. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$430,000
Gross Rent
$1,750
Monthly Electricity Charges
$145
Auto Insurance
$2,050
House Owner Cost With Mortgage
$2,450
House Owner Cost Without Mortgage
$790
State Taxes
Low: 4.25%| High: 4.25%
Cost Of Living Index
118.4
Grocery
105.8
Housing
135.2
Utilities
100.9
Transportation
103.6
Health Care
101.8
Miscellaneous
97.5

Crime

Is Troy, MI a safe place to live?

Troy is considered a safe community, with a low violent crime rate of 92 incidents per 100,000 residents and a property crime chance of 1 in 87. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Michigan.

Violent Crimes Per 100k
92
Property Crimes Per 100k
1,150
Crime Index
1,242
Chance Of Violent Crime
1 in 1,087
Chance Of Property Crime
1 in 87

Weather

What is the weather like in Troy, MI year-round?

Troy experiences four distinct seasons, with warm summers reaching highs of 84°F and cold winters dipping to 18°F. The area receives about 33 inches of rainfall annually and enjoys sunshine on 54% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
18°F
Max
32°F

Summer

Min
63°F
Max
84°F

Spring

Min
40°F
Max
64°F

Fall

Min
44°F
Max
67°F
Average Rainfall Inches
32.5 inches
Sunny Days Percentage
54%

Neighbors

The neighborhood boasts a healthy median household income of $108,500 and a low poverty rate of 4.8%. Over 96% of residents have at least a high school diploma, and nearly 54% hold a bachelor's degree or higher. Commute times average 29 minutes, and almost 3% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$56,000
Household Income
$108,500
Family Income
$126,000
Per Capita Income
$48,500
Income Male
$62,000
Income Female
$47,000
Poverty Rate
4.8%
Non English Speakers
24.0%
Rent
$1,750
Unemployment Rate
3.8%
Public Transport Usage
3.1%
Commute Time
28.7 minutes

Education

High School or Higher
95.8%
Bachelors or More
53.5%

Education

How are the schools in Troy, MI?

Troy offers quality education options, with public schools like Troy High School and Athens High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Oakland University and Wayne State University. The community is committed to educational excellence for all age groups.

Public Schools

Name
Troy High School
Street
4777 Northfield Pkwy
Phone
248-823-2700
Students
2,000
Student Teacher Ratio
19.0
Name
Athens High School
Street
4333 John R Rd
Phone
248-823-2900
Students
1,450
Student Teacher Ratio
18.2

Private Schools

Name
St. Anastasia Catholic School
Street
4571 John R Rd
Phone
248-689-1921
Students
430
Name
Bethany Christian School
Street
2600 W Wattles Rd
Phone
248-362-3180
Students
180

Colleges

Name
Oakland University
City
Rochester
State
MI
Distance
10 miles
Students
16,000
Name
Wayne State University
City
Detroit
State
MI
Distance
22 miles
Students
24,000

Healthcare

Troy residents have access to quality healthcare, with major hospitals like Corewell Health William Beaumont University Hospital and Henry Ford Macomb Hospital nearby. The community benefits from a high physician-to-resident ratio of 2.9 per 1,000 people and 94.0% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Corewell Health William Beaumont University Hospital
Address
3601 W 13 Mile Rd, Royal Oak, MI 48073
Phone
(248) 898-5000
Type
General & Surgical
Emergency Services
Yes
Name
Henry Ford Macomb Hospital
Address
15855 19 Mile Rd, Clinton Township, MI 48038
Phone
(586) 263-2000
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.9
Health Insurance Coverage
94.0%
Health Care Index
77.2

Housing Market

What is the housing market like in Troy, MI?

The local housing market is strong, with a median home price of $430,000 and an owner-occupied rate of nearly 76%. The market has seen a 4.6% appreciation over the past year, and rental vacancy rates remain moderate at 5.0%. Troy offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$430,000
Average Rent For 2 Bedroom
$1,750
Owner Occupied Rate
76.4%
Rental Vacancy Rate
5.0%
Home Appreciation Rate (1yr)
4.6%
New Construction Rate
2.1%
Foreclosure Rate
0.4%

DMV Information

Residents of Troy handle vehicle services through the Michigan Secretary of State, conveniently located in Lansing. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Michigan
Department
Michigan Secretary of State
Address
7064 Crowner Dr, Lansing, MI 48918
Phone
1-888-767-6424

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Troy, MI

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Troy, review the core fields on this page: population 87,000, median home value $430,000, average rent for 2 bedroom $1,750, commute time 28.7 minutes, and sunny days percentage 54%.

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