Median Income
$54,837
household / year
Median Home Value
$177,100
owner-occupied
Median Rent
$1,086
gross / month
Cost of Living
98
national avg = 100

Is Troy, NY a Good Place to Live?

Troy is a mid-sized city of 51,268 in New York, with a median household income of $54,837 and a 9.7% unemployment rate. Its cost of living index is 98 (US average = 100), which is 2% below the national average.

Strengths: Troy stands out for below-average home prices, solid school ratings (A-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Troy is right for you depends on your priorities — the full breakdown is below.

All 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: 97.6

Troy's overall cost of living index is 97.6, where 100 represents the US national average. Living in Troy costs roughly 2% less than the average American city.

Metric Troy, NY National Avg
Median Home Value $177,100 $244,900
Median Monthly Rent $1,086 $1,163
Homeownership Rate 34.5% 65.9%
Median Household Income $54,837 $74,755

Crime & Safety

Near National Average

Troy's violent crime rate is 470.5 per 100,000 residents — 24% higher than the national average of ~380 per 100,000.

Violent Crime
470.5 /100k
Property Crime
2773.4 /100k

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

Schools & Education

Troy is served primarily by TROY CITY SCHOOL DISTRICT. The student-to-teacher ratio is 9.8:1 (better than the national average of ~16:1).

Metric Troy, NY National Avg
School District TROY CITY SCHOOL DISTRICT —
Elementary Schools 5 —
Middle Schools 1 —
High Schools 1 —
Student/Teacher Ratio 9.8:1 16:1
Bachelor's Degree or Higher 33.5% 35.4%
High School Diploma or Higher 87.9% 91.1%

Weather & Climate

Troy sees average highs of 34.2°F in January and 85.6°F in July, with 42.1 inches of annual precipitation and 59.2 inches of snow per year.

MetricTroy, NY
Average High — January34.2°F
Average High — July85.6°F
Annual Precipitation42.1"
Annual Snowfall59.2"

Demographics

MetricTroy, NYNational Avg
Population51,268—
Median Age32.838.9
Unemployment Rate9.7%3.7%
Avg Commute Time21.1 min26 min
White (non-Hispanic)65.6%59.3%
Black or African American16.8%13.6%
Hispanic or Latino6.6%18.9%
Asian5.0%6.3%
Under 1817.2%22.2%
65 and over13.4%16.8%

Nearby Cities

Green Island, NY 1 mi Watervliet, NY 2 mi Cohoes, NY 3 mi Wynantskill, NY 4 mi Latham, NY 4 mi

ZIP Codes in Troy

Troy, NY is covered by 2 ZIP codes:

12180 12182

Troy vs Other Cities

Troy, NY vs Green Island, NY Troy, NY vs Watervliet, NY Troy, NY vs Cohoes, NY Troy, NY vs Wynantskill, NY Troy, NY vs Latham, NY

Frequently Asked Questions

Troy's cost of living index is 98, where 100 is the national average. That makes Troy roughly 2% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $177,100 and median rent is $1,086/month.
Troy's violent crime rate is 470.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2773.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Troy are operated by TROY CITY SCHOOL DISTRICT. The district has 5 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 9.8:1. 33.5% of adults 25+ hold a bachelor's degree or higher.
Troy, NY has a population of 51,268, a median household income of $54,837, and an unemployment rate of 9.7%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Troy averages 34.2°F in January and 85.6°F in July. Annual rainfall is 42.1 inches with about 59.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Troy, NY is covered by 2 ZIP codes: 12180, 12182.
The population of Troy, New York is 51,268 with a median age of 32.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Troy: cost of living index 98 (100 = US average), median home $177,100, median household income $54,837, crime index 127 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Troy side by side with your current city to see the trade-offs.