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Troy Apartment Features
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Apartments Near Troy
For SaleTroy, NY Homes for Sale
Living In Troy, NY
Troy, New York is a small city with a population of approximately 50,000. Young adults aged 15-24 will find a surplus of opportunities, as they account for a higher percentage of the population here (22%) than nationally (14%), though young professionals also feature prominently in the demographics. Overall, the city's residents, with an average age of just over 35, are decidedly younger than most cities in New York. Home ownership is less common than renting in the area, and 37% of residents own their homes. The trend is driven in part by a relatively low average rent of $898/month, which is $382 less than the state average.
Averaging about 24 minutes, Troy's commute time outperforms the state average of about 38 minutes. Driving is the most common way to get to work, selected by 35% of workers, while public transit isn't extensively used. Relatively few residents (5%) commute to work on foot, though the number far surpasses the national average.
Compared to the national average (5%), Troy has a high concentration of residents over the age of 25 who possess an Associate's degree (8%). Additionally, 10% have earned a Bachelor's degree and 5% possess a Master's or Doctoral degree. There are three primary industries in Troy: healthcare, education, and retail. Together, these industries account for 20% of the city's workforce. Meanwhile, in terms of job function, many residents work in sales, as 7% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of nearly $55K, Troy workers take home less than the average New York resident. Troy's average income also trails the national average ($73,345).
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