The median household income in Troy, MI in 2022 was $109,444, which was 38.8% greater than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $77,538 in 2000 this represents an increase of 29.2%. The per capita income in 2022 was $53,194, which means an increase of 32.4% compared to 2000 when it was $35,936.
Whole page based on the data from 2000 / 2022 when the population of Troy, Michigan was 80,959 / 87,182
Income statistics for all residents
Median household income in Troy, MI in 2022:
Troy:
$109,444
Michigan:
$66,986
Change in median household income between 2000 and 2022:
Troy, Michigan:
+41.1%
Michigan:
+50.0%
Number of households with income < $10k:
Troy:
4.5% (1,480)
Michigan:
5.7% (231,223)
Number of households with income $10k - 20k:
Troy:
5.1% (1,663)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Troy:
3.9% (1,274)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Troy:
3.9% (1,295)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Troy:
2.3% (770)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Troy:
7.0% (2,308)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Troy:
6.2% (2,039)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Troy:
12.0% (3,922)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Troy:
10.0% (3,279)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Troy:
8.3% (2,725)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Troy:
15.1% (4,951)
State:
7.5% (305,077)
Number of households with income > $200k:
Troy:
21.6% (7,094)
State:
8.1% (330,644)
Aggregate household income in Troy in 2022: $4,606,140,200
Median family income in Troy in 2022:
Troy:
$146,496
Michigan:
$85,865
Number of families with income < $10k:
Troy:
1.8% (409)
State:
3.5% (89,010)
Number of families with income $10k - 20k:
Troy:
0.9% (206)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Troy:
1.7% (378)
State:
5.0% (127,320)
Number of families with income $30k - 40k:
Troy:
2.7% (614)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Troy:
2.3% (515)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Troy:
6.7% (1,501)
Michigan:
7.1% (179,870)
Number of families with income $60k - 75k:
Troy:
5.0% (1,126)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Troy:
11.6% (2,615)
Michigan:
15.0% (383,364)
Number of families with income $100k - 125k:
Troy:
9.4% (2,115)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Troy:
8.6% (1,944)
Michigan:
8.6% (220,338)
Number of families with income $150k - 200k:
Troy:
19.7% (4,433)
State:
10.2% (259,462)
Number of families with income > $200k:
Troy:
29.5% (6,647)
State:
11.3% (287,206)
Median non-family income in Troy in 2022:
Troy:
$56,847
State:
$40,459
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+24.9%
State:
+54.5%
Median per capita income in Troy in 2022:
Troy:
$53,194
State:
$38,151
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+48.0%
State:
+72.1%
Income statistics for White residents
Median household income in Troy, MI in 2022:
Troy:
$104,506
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Troy, Michigan:
+34.9%
State:
+52.9%
Number of households with income < $10k:
Troy:
3.4% (757)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Troy:
6.3% (1,392)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Troy:
4.0% (878)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Troy:
4.7% (1,049)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Troy:
2.7% (603)
Michigan:
7.8% (246,839)
Number of households with income $50k - 60k:
Troy:
6.6% (1,453)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Troy:
7.0% (1,558)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Troy:
12.7% (2,803)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Troy:
11.5% (2,537)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Troy:
8.2% (1,820)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Troy:
14.7% (3,256)
State:
8.1% (255,445)
Number of households with income > $200k:
Troy:
18.1% (4,001)
State:
8.7% (276,727)
Aggregate household income in Troy in 2022: $2,877,832,600
Median family income in Troy in 2022:
Troy:
$132,422
State:
$90,317
Number of families with income < $10k:
Troy:
2.8% (409)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Troy:
1.2% (178)
Michigan:
3.2% (64,106)
Number of families with income $20k - 30k:
Troy:
1.4% (212)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Troy:
3.6% (533)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Troy:
2.8% (413)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Troy:
5.4% (799)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Troy:
5.9% (866)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Troy:
12.6% (1,851)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Troy:
10.6% (1,555)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Troy:
8.9% (1,307)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Troy:
19.9% (2,924)
Michigan:
11.0% (218,573)
Number of families with income > $200k:
Troy:
24.9% (3,665)
State:
12.0% (239,713)
Median non-family income in Troy in 2022:
Troy:
$57,965
State:
$42,438
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+27.9%
Michigan:
+56.8%
Median per capita income in Troy in 2022:
Troy:
$52,493
State:
$41,514
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+41.7%
State:
+75.2%
Income statistics for Black or African American residents
Median household income in Troy, MI in 2022:
Troy:
$43,984
State:
$42,056
Change in median household income between 2000 and 2022:: -38.1%
Troy, Michigan:
-38.1%
Michigan:
+35.4%
Number of households with income < $10k:
Troy:
1.0% (14)
State:
12.7% (66,307)
Number of households with income $10k - 20k:
Troy:
7.3% (104)
State:
14.2% (73,877)
Number of households with income $20k - 30k:
Troy:
11.4% (163)
State:
10.2% (52,930)
Number of households with income $30k - 40k:
Troy:
2.9% (42)
Michigan:
10.3% (53,542)
Number of households with income $40k - 50k:
Troy:
5.9% (85)
State:
9.1% (47,110)
Number of households with income $50k - 60k:
Troy:
13.2% (189)
Michigan:
8.1% (41,969)
Number of households with income $60k - 75k:
Troy:
6.0% (86)
State:
9.0% (46,784)
Number of households with income $75k - 100k:
Troy:
11.4% (164)
Michigan:
9.7% (50,718)
Number of households with income $100k - 125k:
Troy:
15.0% (215)
Michigan:
6.7% (34,802)
Number of households with income $125k - 150k:
Troy:
15.0% (215)
State:
4.1% (21,083)
Number of households with income $150k - 200k:
Troy:
7.2% (103)
State:
3.4% (17,885)
Number of households with income > $200k:
Troy:
3.8% (54)
State:
2.6% (13,430)
Aggregate household income in Troy in 2022: $103,739,300
Median family income in Troy in 2022:
Troy:
$109,479
State:
$54,772
Number of families with income $10k - 20k:
Troy:
4.3% (29)
State:
8.5% (24,358)
Number of families with income $20k - 30k:
Troy:
3.0% (21)
State:
7.7% (22,118)
Number of families with income $30k - 40k:
Troy:
1.4% (9)
State:
9.6% (27,402)
Number of families with income $40k - 50k:
Troy:
3.9% (27)
Michigan:
9.0% (25,882)
Number of families with income $60k - 75k:
Troy:
9.3% (64)
State:
10.3% (29,553)
Number of families with income $75k - 100k:
Troy:
10.4% (72)
Michigan:
12.3% (35,116)
Number of families with income $100k - 125k:
Troy:
19.6% (135)
Michigan:
8.8% (25,333)
Number of families with income $125k - 150k:
Troy:
25.0% (172)
State:
5.5% (15,757)
Number of families with income $150k - 200k:
Troy:
15.3% (105)
State:
5.4% (15,433)
Number of families with income > $200k:
Troy:
7.7% (53)
State:
3.9% (11,157)
Median non-family income in Troy in 2022:
Troy:
$49,296
Michigan:
$28,190
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+23.2%
Michigan:
+37.7%
Median per capita income in Troy in 2022:
Troy:
$37,898
State:
$25,207
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+15.2%
State:
+60.4%
Income statistics for Asian residents
Median household income in Troy, MI in 2022:
Troy:
$152,954
Michigan:
$101,652
Change in median household income between 2000 and 2022:
Troy, Michigan:
+90.5%
State:
+75.4%
Number of households with income < $10k:
Troy:
3.2% (254)
Michigan:
5.4% (6,241)
Number of households with income $10k - 20k:
Troy:
2.1% (169)
Michigan:
3.3% (3,891)
Number of households with income $20k - 30k:
Troy:
3.3% (262)
State:
4.9% (5,669)
Number of households with income $30k - 40k:
Troy:
0.9% (75)
Michigan:
4.8% (5,590)
Number of households with income $40k - 50k:
Troy:
1.4% (110)
State:
4.6% (5,395)
Number of households with income $50k - 60k:
Troy:
3.7% (294)
Michigan:
6.0% (7,014)
Number of households with income $60k - 75k:
Troy:
5.7% (452)
State:
7.4% (8,566)
Number of households with income $75k - 100k:
Troy:
8.4% (675)
State:
12.4% (14,398)
Number of households with income $100k - 125k:
Troy:
8.9% (713)
State:
10.0% (11,621)
Number of households with income $125k - 150k:
Troy:
10.6% (846)
Michigan:
8.6% (9,986)
Number of households with income $150k - 200k:
Troy:
18.0% (1,442)
State:
12.4% (14,400)
Number of households with income > $200k:
Troy:
33.8% (2,705)
State:
20.4% (23,760)
Aggregate household income in Troy in 2022: $1,386,284,300
Median family income in Troy in 2022:
Troy:
$177,347
Michigan:
$126,624
Number of families with income < $10k:
Troy:
0.8% (55)
State:
1.9% (1,626)
Number of families with income $10k - 20k:
Troy:
1.2% (80)
State:
1.9% (1,614)
Number of families with income $20k - 30k:
Troy:
3.6% (247)
State:
3.1% (2,585)
Number of families with income $30k - 40k:
Troy:
0.7% (48)
State:
3.6% (2,994)
Number of families with income $40k - 50k:
Troy:
2.7% (187)
State:
5.5% (4,563)
Number of families with income $50k - 60k:
Troy:
3.4% (233)
State:
5.1% (4,281)
Number of families with income $60k - 75k:
Troy:
3.1% (210)
Michigan:
5.6% (4,710)
Number of families with income $75k - 100k:
Troy:
7.2% (494)
State:
11.9% (9,932)
Number of families with income $100k - 125k:
Troy:
9.5% (655)
Michigan:
10.8% (9,031)
Number of families with income $125k - 150k:
Troy:
10.5% (722)
Michigan:
9.8% (8,189)
Number of families with income $150k - 200k:
Troy:
18.8% (1,291)
Michigan:
14.6% (12,200)
Number of families with income > $200k:
Troy:
38.5% (2,641)
State:
26.2% (21,872)
Median non-family income in Troy in 2022:
Troy:
$79,560
Michigan:
$57,668
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+47.6%
Michigan:
+73.2%
Median per capita income in Troy in 2022:
Troy:
$59,410
Michigan:
$48,128
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+86.0%
Michigan:
+95.8%
Income statistics for Hispanic or Latino residents
Median household income in Troy, MI in 2022:
Troy:
$126,654
State:
$62,497
Change in median household income between 2000 and 2022:
Troy, Michigan:
+57.0%
State:
+62.4%
Number of households with income < $10k:
Troy:
3.8% (32)
Michigan:
6.0% (10,028)
Number of households with income $10k - 20k:
Troy:
1.8% (15)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Troy:
3.4% (29)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Troy:
4.1% (35)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Troy:
5.9% (50)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Troy:
4.2% (36)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Troy:
11.1% (94)
Michigan:
11.5% (19,325)
Number of households with income $75k - 100k:
Troy:
13.6% (116)
State:
14.9% (25,158)
Number of households with income $100k - 125k:
Troy:
3.8% (32)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Troy:
5.5% (47)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Troy:
28.9% (246)
State:
6.7% (11,249)
Number of households with income > $200k:
Troy:
13.9% (118)
State:
5.3% (8,978)
Aggregate household income in Troy in 2022: $117,253,500
Median family income in Troy in 2022:
Troy:
$126,058
State:
$69,994
Number of families with income < $10k:
Troy:
4.0% (19)
Michigan:
5.0% (5,520)
Number of families with income $10k - 20k:
Troy:
3.0% (15)
State:
5.1% (5,623)
Number of families with income $20k - 30k:
Troy:
1.2% (6)
State:
7.6% (8,369)
Number of families with income $40k - 50k:
Troy:
1.1% (5)
Michigan:
8.3% (9,117)
Number of families with income $50k - 60k:
Troy:
9.4% (46)
State:
9.1% (10,009)
Number of families with income $60k - 75k:
Troy:
3.8% (18)
State:
10.8% (11,865)
Number of families with income $75k - 100k:
Troy:
13.5% (65)
State:
16.4% (18,094)
Number of families with income $100k - 125k:
Troy:
4.8% (23)
State:
9.7% (10,644)
Number of families with income $125k - 150k:
Troy:
12.8% (62)
State:
6.6% (7,234)
Number of families with income $150k - 200k:
Troy:
26.4% (128)
State:
7.4% (8,182)
Number of families with income > $200k:
Troy:
20.0% (97)
State:
6.7% (7,361)
Median non-family income in Troy in 2022:
Troy:
$89,945
Michigan:
$43,705
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+78.6%
State:
+73.8%
Median per capita income in Troy in 2022:
Troy:
$49,239
State:
$25,462
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+45.8%
State:
+83.3%
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Troy:
14.9% (10)
Michigan:
5.7% (956)
Number of households with income $10k - 20k:
Troy:
0.0% (0)
State:
11.4% (1,930)
Number of households with income $20k - 30k:
Troy:
11.9% (8)
State:
12.0% (2,032)
Number of households with income $30k - 40k:
Troy:
11.9% (8)
Michigan:
7.8% (1,319)
Number of households with income $40k - 50k:
Troy:
0.0% (0)
State:
7.5% (1,276)
Number of households with income $50k - 60k:
Troy:
29.9% (20)
State:
10.1% (1,711)
Number of households with income $60k - 75k:
Troy:
0.0% (0)
Michigan:
9.9% (1,673)
Number of households with income $75k - 100k:
Troy:
0.0% (0)
State:
11.4% (1,931)
Number of households with income $100k - 125k:
Troy:
17.9% (12)
State:
8.4% (1,414)
Number of households with income $125k - 150k:
Troy:
0.0% (0)
Michigan:
6.7% (1,131)
Number of households with income $150k - 200k:
Troy:
13.4% (9)
State:
4.2% (709)
Number of households with income > $200k:
Troy:
0.0% (0)
State:
5.0% (838)
Aggregate household income in Troy in 2022: $4,984,732
Median per capita income in Troy in 2022:
Troy:
$30,101
State:
$27,661
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+1.3%
Michigan:
+75.7%
Income statistics for Multirace residents
Median household income in Troy, MI in 2022:
Troy:
$152,993
State:
$63,251
Change in median household income between 2000 and 2022:
Troy, Michigan:
+147.4%
State:
+82.6%
Number of households with income < $10k:
Troy:
11.4% (146)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Troy:
4.4% (57)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Troy:
2.8% (36)
Michigan:
7.6% (15,686)
Number of households with income $30k - 40k:
Troy:
1.9% (24)
Michigan:
9.5% (19,444)
Number of households with income $40k - 50k:
Troy:
12.5% (161)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Troy:
2.1% (27)
Michigan:
8.1% (16,622)
Number of households with income $60k - 75k:
Troy:
7.0% (90)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Troy:
15.6% (200)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Troy:
10.7% (138)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Troy:
5.6% (72)
Michigan:
5.8% (11,923)
Number of households with income $150k - 200k:
Troy:
15.5% (199)
State:
6.8% (13,956)
Number of households with income > $200k:
Troy:
10.6% (136)
Michigan:
6.2% (12,672)
Aggregate household income in Troy in 2022: $154,399,200
Median family income in Troy in 2022:
Troy:
$159,848
State:
$75,671
Number of families with income < $10k:
Troy:
6.0% (51)
State:
4.0% (5,293)
Number of families with income $10k - 20k:
Troy:
2.8% (24)
State:
6.1% (8,152)
Number of families with income $20k - 30k:
Troy:
2.7% (23)
State:
5.3% (7,102)
Number of families with income $30k - 40k:
Troy:
0.8% (7)
State:
8.9% (11,911)
Number of families with income $40k - 50k:
Troy:
15.0% (126)
State:
7.0% (9,291)
Number of families with income $50k - 60k:
Troy:
1.7% (14)
Michigan:
8.0% (10,690)
Number of families with income $60k - 75k:
Troy:
2.0% (17)
State:
10.1% (13,478)
Number of families with income $75k - 100k:
Troy:
21.0% (177)
State:
15.5% (20,677)
Number of families with income $100k - 125k:
Troy:
11.2% (94)
State:
11.1% (14,794)
Number of families with income $125k - 150k:
Troy:
8.8% (74)
Michigan:
7.6% (10,084)
Number of families with income $150k - 200k:
Troy:
15.7% (132)
State:
7.9% (10,475)
Number of families with income > $200k:
Troy:
12.2% (102)
State:
8.5% (11,351)
Median non-family income in Troy in 2022:
Troy:
$61,535
State:
$38,642
Change in median non-family income between 2000 and 2022:
Troy, Michigan:
+115.9%
State:
+73.3%
Median per capita income in Troy in 2022:
Troy:
$38,151
Michigan:
$26,098
Change in median per capita income between 2000 and 2022:
Troy, Michigan:
+67.1%
State:
+106.5%
Income statistics for other residents
Median household income in Troy, MI in 2022:
Troy:
$91,263
State:
$61,183
Number of households with income < $10k:
Troy:
0.0% (0)
Michigan:
7.8% (4,680)
Number of households with income $10k - 20k:
Troy:
29.0% (122)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Troy:
0.0% (0)
Michigan:
9.4% (5,582)
Number of households with income $30k - 40k:
Troy:
0.0% (0)
State:
7.3% (4,338)
Number of households with income $40k - 50k:
Troy:
0.0% (0)
State:
10.2% (6,092)
Number of households with income $50k - 60k:
Troy:
9.3% (39)
State:
8.2% (4,875)
Number of households with income $60k - 75k:
Troy:
5.0% (21)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Troy:
13.3% (56)
Michigan:
16.3% (9,741)
Number of households with income $100k - 125k:
Troy:
17.1% (72)
State:
8.5% (5,050)
Number of households with income $125k - 150k:
Troy:
2.6% (11)
State:
4.7% (2,776)
Number of households with income $150k - 200k:
Troy:
11.0% (46)
Michigan:
4.5% (2,682)
Number of households with income > $200k:
Troy:
12.6% (53)
State:
5.2% (3,111)
Aggregate household income in Troy in 2022: $81,863,000
Median family income in Troy in 2022:
Troy:
$110,911
Michigan:
$66,167
Number of families with income $50k - 60k:
Troy:
14.6% (35)
Michigan:
9.1% (3,642)
Number of families with income $60k - 75k:
Troy:
5.5% (13)
Michigan:
14.4% (5,782)
Number of families with income $75k - 100k:
Troy:
5.6% (13)
Michigan:
15.5% (6,245)
Number of families with income $100k - 125k:
Troy:
22.0% (52)
State:
8.4% (3,375)
Number of families with income $125k - 150k:
Troy:
8.2% (20)
Michigan:
6.1% (2,453)
Number of families with income $150k - 200k:
Troy:
19.6% (47)
State:
5.6% (2,243)
Number of families with income > $200k:
Troy:
24.4% (58)
State:
6.1% (2,438)
Median non-family income in Troy in 2022:
Troy:
$91,452
State:
$41,724
Median per capita income in Troy in 2022:
Troy:
$76,220
Michigan:
$27,114
Discuss Troy, Michigan (MI) on our hugely popular Michigan forum.
-38.1%
+35.4%
