Median Income
$63,906
household / year
Median Home Value
$166,400
owner-occupied
Median Rent
$896
gross / month
Cost of Living
94
national avg = 100

Is New Troy, MI a Good Place to Live?

New Troy is a small town of 367 in Michigan, with a median household income of $63,906 . Its cost of living index is 94 (US average = 100), which is 6% below the national average.

Strengths: New Troy stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether New Troy is right for you depends on your priorities — the full breakdown is below.

All New Troy city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.5

New Troy's overall cost of living index is 94.5, where 100 represents the US national average. Living in New Troy costs roughly 6% less than the average American city.

Metric New Troy, MI National Avg
Median Home Value $166,400 $244,900
Median Monthly Rent $896 $1,163
Homeownership Rate 76.8% 65.9%
Median Household Income $63,906 $74,755

Crime & Safety

Safer than Average

New Troy's violent crime rate is 262.1 per 100,000 residents — 31% lower than the national average of ~380 per 100,000.

Violent Crime
262.1 /100k
Property Crime
1045.6 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric New Troy, MI National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 3.9% 35.4%
High School Diploma or Higher 92.6% 91.1%

Weather & Climate

New Troy sees average highs of 32.9°F in January and 83.3°F in July, with 41.1 inches of annual precipitation and 62.1 inches of snow per year.

MetricNew Troy, MI
Average High — January32.9°F
Average High — July83.3°F
Annual Precipitation41.1"
Annual Snowfall62.1"

Demographics

MetricNew Troy, MINational Avg
Population367—
Median Age41.438.9
Unemployment Rate0.0%3.7%
Avg Commute Time16.8 min26 min
White (non-Hispanic)78.5%59.3%
Black or African American0.0%13.6%
Hispanic or Latino15.5%18.9%
Asian0.0%6.3%
Under 1815.0%22.2%
65 and over7.6%16.8%

Nearby Cities

ZIP Codes in New Troy

New Troy, MI is covered by 1 ZIP code:

New Troy vs Other Cities

Frequently Asked Questions

New Troy's cost of living index is 94, where 100 is the national average. That makes New Troy roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $166,400 and median rent is $896/month.
New Troy's violent crime rate is 262.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1045.6 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
New Troy, MI has a population of 367, a median household income of $63,906, and an unemployment rate of 0.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
New Troy averages 32.9°F in January and 83.3°F in July. Annual rainfall is 41.1 inches with about 62.1 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
New Troy, MI is covered by 1 ZIP code: 49119.
The population of New Troy, Michigan is 367 with a median age of 41.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in New Troy: cost of living index 94 (100 = US average), median home $166,400, median household income $63,906, crime index 61 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare New Troy side by side with your current city to see the trade-offs.